Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us

Image: Marine Stewardship Council (MSC)

Eco-labels raise the prices of seafood companies

Click on the flag for more information about Spain SPAIN
Tuesday, September 14, 2021, 07:00 (GMT + 9)

A study by the University of Cantabria shows that being green is profitable: eco-labels raise the prices of seafood companies

According to a recent study, published in Marine Resource Economics magazine, certifications to transform and sell certified sustainable seafood products skyrocket the prices of companies, which shows that “being green is profitable”.

This independent study has examined the impact on a company's share price after obtaining certification according to the Marine Stewardship Council (MSC) Chain of Custody Standard, which guarantees consumers that seafood products sustainable fish bearing the blue MSC seal remain supervised and segregated from non-certified seafood on their way from the fishery to the stores.

The recent increase in consumer demand for sustainable products and eco-labels has led to the strengthening of supply assurance mechanisms, such as the market-leading MSC Chain of Custody Standard.

The study, carried out by the University of Cantabria, shows how the price of a company's shares rose on average after its certification by 2.64%, that is, a company with an average market value of about 740 million euros, it rose about 19.5 million euros just 20 days after obtaining certification (the equivalent of 60.89% per year). This rise was greater in companies with lower returns and sales, as investors anticipated that certification could cause their sales and profits to rise.

In the words of Dr. José L. Fernández Sánchez, co-author of the article and professor of economics at the University of Cantabria: “Producers, concerned about the profitability of their companies, often question the adoption of more sustainable fishing practices in our oceans and seas. The results of this research should help resolve this dichotomy between economy and environment.

The results that we have discovered allow us to affirm that investors respond favorably to sustainable fisheries programs, which generates benefits for companies in financial markets and confirms our hypothesis that “being green is profitable”.

This is the first time that a study has analyzed the reaction of financial markets to the introduction of certifications that support sustainable fishing.

Photo: courtesy MSC

Fishery products are also one of the most traded commodities in the world whose commercial value exceeds that of sugar, corn and coffee combined. In 2018, the world's 150 largest seafood companies (public and private) had revenues of approximately more than € 100 billion.

The study also looked at whether the benefits of obtaining an eco-label outweighed the cost, paying attention to the reaction of the markets once companies made it public that they had been certified under the MSC Chain of Custody Standard.

The data of 58 companies that had obtained certification according to the MSC Chain of Custody Standard between 2006 and 2019 were compared and an interval of between 0 and 20 days after announcing their certifications was studied. On average, the shareholders' reaction was quite favorable, with a positive anomalous profitability (when the real profitability is higher than expected) on their prices, which grew from 1.08% in the first week, to 2.64% in the past. the 20 days.

Photo: courtesy MSC --->

The study authors emphasize the urgent need to adopt more sustainable fishing practices now that overfishing continues to increase, as more than a third (34%) of fish stocks are overexploited. The UN has recognized that MSC certified fisheries are part of the solution as they “improve fisheries management and sustainable fishing” and, in the last decade, have increased the number of sustainable fish caught.

Toby Middleton, Head of Market Operations at MSC, said that
: “Environmental, social and governance (ESG) factors are increasingly being taken into account in the investment community when evaluating the investment community. value of a company or industry and its possibilities of distributing future returns.

However, it is not easy to find reliable ways to evaluate the ESG performance of a company. Investors are increasingly looking for unbiased, independent and robust assessments, such as those of the MSC Fisheries and Chain of Custody Standards, to help them identify which companies are truly sustainable and screen out those that are not. are. The study insists both fishing companies and investors that if sustainability is taken seriously, real benefits can be generated. "

This work adds, in turn, to the growing body of evidence that shows that fisheries and companies that incorporate sustainability into their operations by participating in the MSC program, can obtain direct and tangible benefits and also benefit the health of fish. oceans.

Photo: courtesy MSC --->

In June of last year MSC published a new Investor Guide to the fisheries sector, with the aim of encouraging financiers to make investments that promote benefits for both the oceans and business.



Click to know how to advertise in FIS
Sep 17, 14:30 (GMT + 9):
Catch │ Mackerel │ Seiners, trawl │2020-21 │ week 36
United States
Sep 17, 14:00 (GMT + 9):
Fishwife Launches 100% Traceable Tinned Smoked Salmon with Kvarøy Arctic
Sep 17, 07:00 (GMT + 9):
Change paradigm in fishery boat crew management regulation: DFW
Sep 17, 07:00 (GMT + 9):
Frinsa, a supplier of tuna to Lidl or Carrefour, had a turnover record
Russian Federation
Sep 17, 06:50 (GMT + 9):
Salmon fishing in the Far East: production volume exceeded 511 thousand tons
Russian Federation
Sep 17, 06:50 (GMT + 9):
Kamchatka salmon catches are 20% higher than expected
Russian Federation
Sep 17, 06:50 (GMT + 9):
Catch │ Russia Far East | Salmon: pink, chum, sockeye, coho, king │ 2021
Sep 17, 06:40 (GMT + 9):
Sales retail prices │ Salmon | Tokyo (2018-2021)
United States
Sep 17, 06:40 (GMT + 9):
Statistics │ Export │ Frozen salmon roe │ Japan, Ukraine, UK, South Korea │ Apr-2021
Sep 17, 06:40 (GMT + 9):
Statistics │ Domestic consuption variation │ Fresh and salted Salmon │ 2020-21
Sep 17, 05:00 (GMT + 9):
Volumes and prices │ Sapporo Central Market | 2020-21
Sep 17, 00:00 (GMT + 9):
Other Media | EuropaAzul: Catch Control Rules: an important step forward for the correct management of the northern bonito
European Union
Sep 17, 00:00 (GMT + 9):
Other Media | La Voz de Galicia: The European Parliament approves a Brexit fund that compensates Galician fisheries with 3.9 million
Costa Rica
Sep 17, 00:00 (GMT + 9):
Other Media | Industrias Pesqueras: Costa Rica clarifies that the microalgae present in the Pacific are not toxin producers
Sep 17, 00:00 (GMT + 9):
Other Media | SeafoodSource: Fast-growing Poke House chain expands to the UK

Eastern Kamchatka Pollock Fishery Received International Environmental Certification
Russia Fed. The Pollock Catchers Association (PCA) has successfully completed MSC certification of the trawl fishery for East Kamchatka pollock in the North Kuril area and the Petropavlovsko-Komandorskaya subarea...
A study shows notable differences in fishing catches recorded with electronic observation compared to manual methods
Spain Electronic observation systems on board fishing vessels (also known as Electronic Monitoring or EM) are the most accurate and reliable source of data for the development of selective fishing practices...
Auction prices for common squid (todarodes pacificus) frozen on board │OGI-HAKODATE markets
Japan   Source: FIS by seafood.media | Click to enlarge it        Source: FIS by seafood.media | Click to enlarge it    editorial@seafood.medi...
Growing demand for plant-based seafood analogues in North America
United States The distribution of plant-based seafood analogs in North America is growing, but the overall share of this category still represents a very small proportion of the total seafood market. Plant-based...

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2021 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER