Tracing Risk and Opportunity: The Critical Need for Traceability in Today’s Seafood Supply Chains

FAIRR Initiative, UNEP FI, WWF, Planet Tracker and World Benchmarking Alliance | 2024 | This report discusses learnings and insights from the first year (Phase 1, 2023/24) of FAIRR’s Seafood Traceability engagement, a collaborative investor engagement supported by 35 investors with US $6.5 trillion in combined assets. This engagement is delivered in partnership with World Wildlife Fund (WWF-US), Planet Tracker, the World Benchmarking Alliance (WBA) and UNEP Fl’s Sustainable Blue Economy Finance Initiative. Despite a general recognition that traceability is critical, only two out of seven companies assessed have a group-level traceability commitment covering all seafood products and aquaculture operations. The implementation of these commitments and reporting on progress also remain limited.