Why it matters
Over 1 billion people around the world rely on seafood as their primary source of protein. By 2050, it is estimated that seafood supplies for consumption will need to increase by 70%, because of population growth and economic development.
Due to inappropriate regulation and enforcement, today almost 40% of fisheries globally are considered to be over-exploited.
Due to inappropriate regulation and enforcement, today almost 40% of fisheries globally are considered to be over-exploited.
Chilean FisheriesWith a coastline of over 4,000 kilometers, Chile has the 8th largest wild fisheries catch in the world. |
StockOnce a key fishery in Chile, the common hake has been declared over-exploited by the Chilean Undersecretary of Fishing. |
FishersThe artisanal fishery sector has one of the lowest incomes in the country, where many are just above poverty line. |
IMPACT INVESTMENT
Are investments from private, public and/or philanthropic institutions, aimed to generate positive social and environmental impacts, alongside a financial return for the investors
Are investments from private, public and/or philanthropic institutions, aimed to generate positive social and environmental impacts, alongside a financial return for the investors
Intervention Strategies
The Merluccius Group has developed and assessed a set of strategies designed to achieve environmental, socioeconomic, and financial return goals.
|
Models
The Merluccius Group developed a bio-economic model for the fishery. This tool provided reliable quantitative outcomes for a proper evaluation of the strategies.
|
Measuring Impacts
The level of success of the strategies developed were measured in terms of their socioeconomic, environmental, and financial returns impacts.
|