There are many ways to achieve this distant goal, but the one SFP favors involves mobilizing improvements in as much of the world’s production as fast as possible, working with industry partners who have a stake in the future of the world’s fisheries and fish farms. We want to see many examples of improvement efforts, even if the quality of those efforts varies, rather than merely a few examples of exceptionally good practice.
SFP favors this approach because we believe it will reassure the world’s largest seafood buyers that change is coming at a scale commensurate with the size of their global businesses, and hence give them the confidence to stay the course.
Our joint success over the years in key sectors has enabled our partners to make firmer and more public commitments over time. By working at this global scale, we have also attracted more of the supply chain to join these efforts, as the business payoffs of doing so became obvious.
For this initiative, SFP is focused on ensuring 75% of world production in key sectors is – at a minimum – either sustainable (i.e., certified by the MSC program, or green-listed in SFP’s Metrics tool) or making regular, verifiable improvements.
SFP has developed a visual display of T75 progress using a Tableau software dashboard for each of the key seafood sectors. Please check the latest estimates here.
A recording of our progress update webinar from April, 2020 is here.
SFP has developed a visual display of T75 progress using a Tableau software dashboard for each of the key seafood sectors here.
Achieving “T75” will require engaging new markets (Japan, South Korea, China), working across entire fisheries and regions to ensure effective management at scale, and continuing to support and monitor existing improvement efforts.
To get there, we need your support—not only through your participation in supply chain roundtables (SRs), but also through financial sponsorship of the Target 75 initiative.
For a sponsorship of $10,000 (or more if you wish), your company can enjoy the following benefits:
T75 Champions Include:
Panapesca, Olvea, Fortune International, Beaver Street Fisheries, Unión Martin Grupo, Blue Sushi Sake Grill, Seattle Fish Company, Nestle, Santa Monica Seafood, Fishin' Co., Beacon Fisheries, Fish is Life
By now, nearly everyone in the corporate world has learned of the United Nations’ Sustainable Development Goals (SDGs), designed to promote a healthier and more equitable way of doing business worldwide.
What some seafood industry stakeholders may not know, however, is how closely one of those goals relates to SFP’s Target 75 Initiative and how, if your company is interested in both initiatives, you can showcase your sustainability by meeting the criteria of both at once.
According to the UN SDG website, SDG Goal #14, “Life below water,” calls for the world to “Conserve and sustainably use the oceans, seas and marine resources.” There are a number of “targets,” or specific requests made under Goal #14, but we’d like to note two of these targets in particular:
These targets, taken word-for-word from the website, very closely mirror the goals of the T75 initiative. Not only does T75 also set a deadline of 2020, but SFP is also hoping that fishery improvement projects (FIPS) will help stocks worldwide in “strengthening their resilience,” and we believe that industry stakeholder companies, by participating in supply chain roundtables (SRs) are taking “action for their restoration.”
We also believe that FIPs, when properly managed, meet all of the criteria outlined in the second bullet point above—all part of the Target 75 initiative.
We believe that any company that wishes to follow SDG 14’s guidelines should become involved with Target 75—either by volunteering to become a Target 75 Champion, or by joining a relevant SR to help start new FIPs or work with ongoing projects. Doing so will, by definition, meet many of SDG 14’s requirements. Learn more about T75 Initiative on the UN's website. Contact SFP today to learn more about how you can get on board!