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This publication is an Executive Summary of Investing for Sustainable Global Fisheries. This summary provides a brief overview of the work that was undertaken, a description of each Investment Blueprint, and some of the critical findings from the work. At the heart of each Investment Blueprint lies a proposed set of fishery management improvements and profitable investments that seek to have positive ecological and social impacts. On the ecological side, the goals are to maintain or restore fish stocks, reduce bycatch of nontarget species, and protect and restore marine habitat. On the social side, the goals are to improve fisher livelihoods, empower local communities, and contribute to local and regional food security.
To better channel the flow of capital to the sustainable fisheries need and opportunity, Bloomberg Philanthropies and The Rockefeller Foundation supported Encourage Capital to develop six Investment Blueprints, each intended to serve as a roadmap for the growing number of investors, entrepreneurs, and fishery stakeholders seeking to attract and deploy private capital both to scale and to accelerate fisheries reform. The Investment Blueprints profile hypothetical investment strategies for application to three types of fisheries, including small-scale fisheries, focused on improving management of moderately distressed near-shore fish stocks landed by community-based, artisanal fishers using small vessels; industrial-scale fisheries, focused on improving management of severely distressed fish stocks landed by both artisanal and industrial fishers using a wide range of vessels and gear types; and national-scale fisheries, focused on implementing specific national-scale management improvements. The Investment Blueprints present investment strategies based on prototype fisheries spanning three countries and more than 25 species. By analyzing specific fisheries' current productivity, ecology, potential long-term yield, management regime, and supply-chain dynamics, Encourage was able to design and structure investment strategies that incorporate real-world risks and return potential. The Investment Blueprints offer viable models that can be replicated across a wide array of fisheries and geographies, mobilizing private capital to protect and restore the oceans' bounty.
Encourage Capital has worked with support from Bloomberg Philanthropies and The Rockefeller Foundation to develop an impact investing strategy supporting the implementation of sustainable management and extraction practices in a small-scale fishery in Brazil. The Mangue Strategy (Mangue) is a hypothetical $15 million impact investment to protect the mangrove crab (Ucides cordatus) fishery in the Brazilian state of Pará. This $15 million investment would fund the implementation of critical management improvements across the fishery, and be used to launch a crab export business with a network of buying stations and a modern processing facility designed to meet both domestic and international food safety standards. The Mangue Strategy has the potential to generate a 12.0% levered equity return while protecting the mangrove crab stock biomass from current and future overfishing, enhancing up to 1,300 fisher livelihoods across 10 extractive reserves (RESEXs), and providing an additional 2.4 million seafood meals to market annually by Year 9. Additionally, the strategy would support the sustainable management of up to 300,000 hectares of critical coastal mangrove forest within the Amazon Delta, protecting and capturing the economic and ecosystem services of this delicate ecosystem.