June 18, 2024
Guide created to promote investment in sustainable aquaculture now available for download
The World Bank Global Seafood Business Investment Guideis a framework to guide the world’s fastest growing food sector. The 144-page guide outlines what’s needed to drive investment in sustainable aquaculture and grow the business in a socially, environmentally and economically sustainable way.
The guide can be used by a wide range of stakeholders and organisations, including governments, private and public sector investors, private aquaculture operators (especially SMEs), development partners, non-governmental organisations (NGOs), donors and research institutions.
“The rapid growth of the aquaculture sector, coupled with a range of trends including increasing demand, technological advancements and supporting investments, is creating numerous opportunities for players across the industry,” the authors state. “However, to make the most of these opportunities while avoiding potential challenges and adverse social, ecological and economic impacts, an integrated set of principles to guide the development of sustainable commercial aquaculture is crucial.”
The guide was developed by reviewing existing frameworks and best practices for aquaculture, studying global examples of successes and challenges in aquaculture investment, and engaging with comprehensive stakeholders in the aquaculture industry. These activities identified the needs of guide users and the common drivers that drive sustainable aquaculture businesses.
The guide is global in geographic scope and applies to all major aquaculture species groups, production systems and scales, and covers activities across the entire value chain, from primary production to supporting industries and services (such as feed production and veterinary services) and the production of aquatic non-food products.
“The principles are a publicly available ‘living document’ that will be regularly updated as new knowledge emerges,” the authors write.
Download the guide here.
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