Risk Ratings What is “Risk”? • Protect store “brand” • Address risk of dealing in illegal, unregulated and unreported (IUU) fisheries • Ensures long term supply of seafood products your customers enjoy
Risk Ratings Risk Ratings should be interpreted as information for deciding which steps should be taken at procurement levels, not as the steps themselves:
GREEN
YELLOW
RED
Fishery is well managed, fish stocks are healthy.
Fish stocks are below healthy levels but management is in place to rebuild.
Fish stocks are below healthy levels, management is not addressing issues.
It’s red. Now what? 1. How severe are the challenges facing the fishery? – Is the species listed as “endangered” or on the IUCN (International Union for Conservation of Nature) Red List? – Is there a lot of illegal fishing activity? – Are the stocks severely depleted?
It’s red. Now what? Fishery Improvement Projects An approach that brings together buyers, suppliers and producers that work together to improve a fishery by pressing for better policies and management while voluntarily changing purchasing and fishing practices to reduce problems such as illegal fishing, bycatch and habitat impacts.
But it’s still red. • Nothing will change from red to green overnight. • By acknowledging the issues publicly and working to address them, risk is reduced • You and your seafood counter staff have an improved understanding of the issues and can address questions in a proactive manner.