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Anova Joins WWF in Coral Triangle Business Summit on Seafood Sustainability

WASHINGTON, DC, January 21, 2010 – The ANOVA Food Group alliance of companies joined other business leaders and NGOs participating in the Coral Triangle Business Summit to highlight the benefits of seafood sustainability efforts and expand business partnerships across the region.  ANOVA provides seafood to approximately 20 percent of the top 100 restaurant chains in the United States as well as 40 percent of US grocery chains. 

“Business partnerships with companies like ANOVA can have a positive impact on sustainable fisheries as well as the socioeconomic welfare of the fishers, their families and the fishing community,” said Kate Newman, managing director of WWF’s Coral Triangle program.  “The Coral Triangle Business Summit is an attempt to expand these types of efforts and illustrate the many benefits they have for this critical marine environment and the people who depend on it for their livelihoods.”

ANOVA has been partnering with World Wildlife Fund (WWF) for the past two years on a joint venture called the Fishing and Living Program™ that includes efforts to reduce bycatch and achieve Marine Stewardship Council (MSC) certification for the tuna, snapper and grouper fisheries in Indonesia. 

"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.

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.

At the Coral Triangle Business Summit, policymakers from the Asia Pacific region met 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 was hosted by Philippine President Gloria Macapagal­ Arroyo in collaboration with WWF and was 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.