Investors call for sea change in aquaculture

The aquaculture industry is under threat warns investor network, FAIRR The aquaculture industry is under threat warns investor network, FAIRR

A new report for investors warns that growth in the aquaculture sector could be undermined by a failure to manage environmental, social and governance risks.

The report Shallow Returns?, produced by collaborative investor network, FAIRR, highlights climate change, dependence on wild fish stocks for feed, excessive use of antibiotics and poor governance as threats to the US$232bn industry.

Marte Siri Storakers, advisor – responsible investments at KLP, said that the aquaculture industry has a compelling growth story to tell. “Average seafood consumption per head has effectively doubled since the 1960s and aquaculture now provides more seafood than fisheries. But investors and business operators need to ensure that any future growth is sustainable and does not endanger either the environment or human health,” she said.

The report highlights annual growth of 6% but warns that much of the growth is based on high-risk farming that is associated with ESG risks including climate change, algal blooms, antibiotic use, fish feed supply and poor governance. Other risks include waste from aquaculture systems reaching the wide environment, farmed fish escaping and mixing with native populations and the on-going battle against disease.

Suggested initiatives to help meet these challenges include using probiotics to reduce antibiotic use, alternatives to fishmeal including feed made from bacteria, algae and insects and innovative start-ups using only plant-based ingredients such as Sophie’s Kitchen, Good Catch Foods and Quorn Foods.

The report can be found at the FAIRR website.


New Cleopatra 33 for a hunting of lobster delivered to Fraserburgh, Scotland

A new Cleopatra boat was delivered to Fraserburgh on the north eastern coast of Scotland. Read more

PVC rain gear - innovating to meet the evolving demands of aquaculture

Aquaculture is an evolving sector and as such presents a range of challenges to suppliers of wet wea... Read more

A progressing cavity pump with EHEDG certification – is that really new?

The EHEDG (European Hygienic Engineering & Design Group) was founded in the last century at the end ... Read more

Economic and environmental advantages of the two-speed gearbox

Finnøy Gear & Propeller’s two- speed gearbox is used on vessels with large differences in power need... Read more

Leading specialist in design and manufacturing of gearboxes and propellers invests in CNC lathe for future product development

Norway- based Finnøy Gear & Propeller have recently invested in a new high- performance CNC lathe ma... Read more


Macduff Ship Design have over the past 10 years spent considerable time specialising in the design o... Read more

View all