SAN FRANCISCO,CA – Give2Asia, a San Francisco based social enterprise that specializes in international philanthropic investment, has announced a new partnership with the David & Lucille Packard Foundation and Our Source Consultancy to make Southeast Asia’s fishing industry more sustainable.
This partnership is beginning with a $100,000 scoping study to establish The Marine Change Enterprise (MCE), which combines experts from Southeast Asia with 40 years of experience in seafood trading, fisheries management, and advocacy. Using for-profit and non-profit strategies, MCE will analyze the sustainability of Asia’s fishing industry from a comprehensive environmental, social, and business perspective. MCE research will be used to design new processes that allow Southeast Asian markets and fishing operations to adopt more sustainable and equitable fishing practices that also ensure economic viability.
“Right now 30% of all fish caught in Asia is wasted before it even makes it to the marketplace,” explains Our Source Consultancy and MCE founder Andrew Bassford, “if the small-to-medium size fleets that dominate Asia can improve the efficiency of their operations, it will improve the supply chain as a whole.”
MCE’s work has global implications as well. Over the past 50 years, seafood production has shifted from the developed to the developing world. The Asia Pacific region alone produces over half of the world’s wild caught seafood and a staggering 90% of farmed seafood. Compounded by environmental degradation and climate change, the industry’s exponential growth has placed enormous stress on fish stocks, the fishing industry, and fishing dependent communities.
The uncertainty of Asia’s fishing industry has made it harder for local fishing communities to access needed funding from investors. In turn, Southeast Asian communities whose livelihoods have depended on fishing for generations have suffered an economic downturn that further perpetuates unsustainable fishing practices.
Despite growing awareness by the private sector that current practices are not sustainable, the response by governments, NGOs, independent fisherman, and fishing fleets have not been collaborative or comprehensive enough to create substantial change. Give2Asia’s new partnership facilitates the broad response needed by experts, funders, and Southeast Asia’s fishing industry to reverse the trend.
About Our Source Consultancy
Our Source Consultancy was founded by Andrew Bassford in 2010 to advance the Asia Pacific region towards economically healthy fisheries by improving access to markets, investments and technological advances with a focus both on sustainability of resources and the increase of long-term financial benefits to communities. It aims to help bridge the frequently observed gap between the small-scale fisheries and aquaculture production with the rest of the value chain, specializing in targeting market barriers and alleviating financial restraints. It acts as an intermediary to governments, industry and markets to achieve economically healthy fisheries while improving the standard of living for communities that depend so heavily on fishing as a major source of income. Our Source supports these communities and regions as they navigate through the complexities as they enter and compete in the global market.
About the David & Lucille Packard Foundation
For more than 45 years, the David and Lucile Packard Foundation has worked with partners around the world to improve the lives of children, families, and communities—and to restore and protect our planet. They are a family foundation guided by the enduring business philosophy and personal values of Lucile and David, whose innovative approach to management helped transform a small electronics shop in their garage into one of the world’s leading technology companies. Their approach to business and community participation guides their philanthropy: invest in leaders and institutions, collaborate with them to identify the most effective solutions, and give them freedom and support to best reach their goals. They work on the issues our founders cared about most: improving the lives of children, enabling the creative pursuit of science, advancing reproductive health, and conserving and restoring the earth’s natural systems. Their resources are small compared to the challenges they seek to solve, so they invest carefully, constantly evaluate their progress, and refine their strategies to ensure that their efforts lead to effective solutions. Building on the legacy of their founders, they believe that talented and committed people, with appropriate resources and support, can drive meaningful innovation and create lasting change.