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Documenting sustainability for value-added fish products

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Abstract
  • There are three main aspects of sustainability; the environmental, the social and the economic. When it comes to fisheries, stock sustainability is particularly important and the stock and ecosystem health has significant effects both on the environment and on the sector economy. In order to add value to a product, sustainability needs to be documented and communicated to the buyer and the end-consumer. Recent studies in British supermarkets have shown that a price premium exists, and commonly it is between 10 and 20%. Sustainability initiatives in marine resource management have tended to emphasize biological sustainability only, typically through green certification schemes. However, there is clearly also potential for adding value though documenting the social and economic sustainability dimensions. This potential creates an incentive for the operators (organized groups of fishermen) to develop transparent management plans where all aspects of sustainability are taken into account. This presentation summarizes various sustainability indicators for the fisheries sector; it explains what the indicators mean, and how they are interrelated, and exemplifies how they may be used in management plans to achieve value added fish products.
  • Keywords: Markets and Trade, Fisheries Economics, Markets: Sustainability and Certification
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  • Aschan, Michaela, C. Armstrong, M. Borit, K.Nielsen, R. Primicerio, P.Olsen. 2014. Documenting sustainability for value-added fish products. In: Towards ecosystem based management of fisheries: what role can economics play?: Proceedings of the Seventeenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 7-11, 2014, Brisbane, Australia. Complied by Ann L. Shriver & Melissa Errend. Corvallis, OR: International Institute of Fisheries.
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  • Fisheries Research & Development Corporation, World Wildlife Fund, MG Kailis Group, AquaFish Innovation Lab, NOAA Fisheries, The European Association of Fisheries Economists, Japan International Fisheries Research Society, United Nations University, NORAD
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