A recent report reveals that major seafood companies have serious issues when it comes to tracking their fish from the ocean to the table. This lack of transparency could lead to legal problems and harm their reputation. The FAIRR Initiative, backed by investors managing $6.5 trillion, is pushing seven top seafood companies to be more open about their supply chains. Even though these companies recognize the risks, they haven’t shared detailed plans to improve traceability. This is concerning because illegal and unreported fishing is a problem for 20% of the world’s wild-caught seafood. Investors are becoming increasingly concerned and are calling for better accountability and tracking systems to ensure that these companies remain profitable and sustainable in the long run.
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