Skip to main content

Plenty more fish in the sea – or are there?

Posted on June 8, 2018

Ellinor Häggebrink
Ellinor Häggebrink
Manager, Engagement

This blog originally appeared on GES International’s website and has been republished following Sustainaltyics’ acquisition of the company on 9 January 2019. See the press release for more information.

Today, 8 June, is World Oceans Day. This is a good moment to reflect upon the world’s oceans and the major role they play in everyday life. Oceans are the lungs of our planet, providing most of the oxygen we breathe. They are also one of the most important sources of nutrition as they act as the world’s largest source of protein, in fact more than 2.6 billion people depend on oceans as their primary source of protein. Marine fisheries employ, directly or indirectly, over 200 million people worldwide and contribute to economic development and local communities in many countries. Therefore, careful management of this essential global resource is a key factor for a sustainable future.

Building support for ocean awareness is now even more crucial than ever, especially when we consider the countless challenges that the seafood industry faces. Let’s take a step back and try to fully grasp the picture: the world’s population is growing at a steady rate of a minimum of 80 million people every year and experts predict that by 2050, it will have reached 10 billion. A vastly growing population puts additional demand on natural resources and implies an increased demand for food and protein. At the same time, meeting the Paris Agreement target of limiting climate change to below 2°C has presented significant challenges to the food industry because the impact of food production on climate change has become a major concern. It is now suggested that the world should follow different health guidelines, such as reducing meat consumption, in order to reduce emissions significantly and mitigate risks related to climate change and food security.

The world needs to meet food demands in a sustainable way and put greater focus on other sources of protein, such as seafood. Seafood consumption has doubled over the last 40 years and it is expected to continue to grow. However, the industry faces several environmental and social challenges. It is no longer big news that marine resources are becoming overexploited; according to a 2016 FAO report, 31.4 per cent of global fisheries have been fished beyond sustainable limits and the size of the marine population declined by almost half between 1970 and 2012. Apart from overfishing, the industry faces challenges like biodiversity loss, impacts on marine ecosystems and coastal communities, and poor working conditions in the supply chain.

To fill the gap between the supply and demand of wild fisheries, aquaculture has gained more popularity. This is one of the fastest growing food production systems and continues to rise in volume and value. In fact, it is expected to represent 50 per cent of total seafood consumption in the next years. There is no doubt that aquaculture yields nutritious food, provides employment opportunities and contributes to local economies, particularly in rural areas. Nevertheless, the other side of the coin is that, at the same time, aquaculture carries many risks, such as the spread of diseases and parasites, the use of antibiotics and pesticides, and the escape of fish from fish farms, which can jeopardise wild populations.

There is no denying that the demand of seafood is here to stay. However, if it is truly going to act as a long-term alternative to meat consumption in a sustainable future, responsible management of marine resources is more than crucial.

Recent Content

Waterfall in the rain forest

A Holistic and Decision-Useful Approach to Assessing Nature-Related Risks and Opportunities

Proposing a holistic, decision-useful approach to company-level assessments of nature-related risks.

Wind turbines in front of a mountainous background

Q&A | A Conversation on Aligning Investments With Climate Goals

A Q&A about investor engagements, company commitments and climate data.

2025 Global Sustainable Investment Data and Research Survey | Morningstar Sustainalytics

Your Insights Needed: The 2025 Global Sustainable Investment Data and Research Survey

The 2025 Global Sustainable Investment Data and Research Survey is seeking the input of Institutional Investors, Asset Managers, Asset Owners, and Banks. The questionnaire takes approximately 10 – 12 minutes to complete.

ESMA Fund Naming Guidelines Early Insights Into Renaming Activity and Portfolio Impact | Morningstar Sustainalytics

ESMA Fund Naming Guidelines: Early Insights Into Rebranding Activity and Portfolio Impact

This article looks at how the universe of open-end and exchange-traded funds in scope of the ESMA fund naming guidelines has changed since their introduction in May 2024, through analysis of rebranding activity and assessed the impact of the requirements.