WWF partners with ANOVA on sustainable seafood in the Coral Triangle
Covering only 2% of the world’s ocean, the Coral Triangle contains 76% of all known coral species. It is also brimming with an extraordinary variety of fish due to this high coral diversity. Over 120 million people directly depend on the bounty of these seas for their food and income. The value of fisheries, tourism and shoreline protection from coral reefs, mangroves and associated habitats is estimated at US$2.3 billion annually. This area also supports the largest tuna fisheries in the world, which generate billions of dollars in global income every year.
ANOVA Food, Inc. began working with WWF and others three years ago to work toward sustainability of a large portion of its capture fisheries species within five years. The company also set a goal for 30 percent of its production to come from farmed raised species within five years.
"We fully support the Coral Triangle Initiative in their conservation efforts. It is part of our core values to drive the industry to more sustainable fishing methods to protect the longevity of the species and provide an improved quality of life for the local fishing communities," said Doug Brinsmade, President of ANOVA Foods, Inc.
The Fishing and Living Program™ focuses on fisheries for tuna in Indonesia from which the majority of ANOVA’s tuna supply is sourced The program is designed to achieve two main objectives, including the sustainable harvest of tuna with reduced bycatch and the advancement of the socioeconomic welfare of the fisherman and their families.
At the Coral Triangle Business Summit, policymakers from the Asia Pacific region are meeting with leaders from the communications, seafood, travel, finance and oil and gas industries to discuss the role of the private sector in protecting the Coral Triangle.
The Summit is being hosted by Philippine President Gloria Macapagal Arroyo in collaboration with WWF and will be aimed at establishing new partnerships between the private sector, policy makers and organizations interested in sustainable business opportunities.
The Coral Triangle is scientifically described as the area of ocean bounded by the countries of Indonesia, Malaysia, Papua New Guinea, the Philippines, the Solomon Islands and Timor Leste.
The region is considered the most important marine environment on the planet but is under serious threat from overexploitation, environmental degradation, poverty, and the global economic recession all compounded by severe climate change making a compelling case for sustainable investment and business in the Coral Triangle.