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Aquaculture is a rapidly growing industry that involves the farming and harvesting of aquatic organisms such as fish, shellfish, and seaweed. In sustainable aquaculture, technical, operational and financial due diligence are crucial components in ensuring the highest level of environmental and social responsibility. The audit for certification ensures that these due diligence components are rigorously assessed and that the aquaculture farm meets the necessary standards for sustainable and responsible practices. Technical due diligence in aquaculture involves assessing the technology and equipment used in the production process. This includes evaluating the quality and reliability of the equipment, as well as the efficiency of the production process. Factors such as water quality, feed quality, and disease control measures must also be taken into account. Technical due diligence is important in aquaculture because it can affect the overall success of the project. If the technology and equipment used are not of high quality, it can lead to low production levels and decreased profitability. Technical due diligence checklist: Architecture and infrastructure people development workflow intellectual property and licensing development strategy Operational due diligence is a type of due diligence that investigates the business model and operations of the target to ensure it’s a good fit for the buyer. Operational due diligence involves evaluating the management team and their ability to operate the aquaculture project successfully. This includes assessing the experience and qualifications of the team, as well as their track record of success in similar projects. Operational due diligence is important because it can affect the efficiency of the production process and the overall profitability of the project. If the management team is inexperienced or does not have a track record of success, it can lead to operational inefficiencies and decreased profitability. This could include review of: All operating processes Supply chain, logistics and procurement efficiencies In-house and departmental efficiencies Human resourcing, workforce strategy and employee retention Digitalization SWOT analysis Cost optimization and risk management Financial due diligence involves assessing the financial health of the aquaculture project. This includes evaluating the project's financial statements and projections, as well as the overall market demand for the product. Financial due diligence is important because it can affect the profitability of the project and the investor's return on investment. If the financial projections are overly optimistic or the market demand is not strong enough, it can lead to decreased profitability and a lower return on investment. Financial due diligence checklist Audited financial statements. Balance sheets. Assets and liabilities. Cash flows. Capital expenditures. Projections. In conclusion, conducting technical, operational, and financial due diligence is crucial for investors looking to invest in aquaculture projects. It is important to assess the quality and reliability of the technology and equipment used, evaluate the experience and track record of the management team, and assess the financial health of the project. By conducting due diligence, investors can make informed decisions and increase their chances of success in the rapidly growing aquaculture industry.

The palm oil industry is one of the contributors to deforestation and greenhouse gas emissions. According to theconversation.com, data shows that palm oil plantations on peatland contribute between 16.6% and 27.9% of total greenhouse gas emissions from Malaysia and Indonesia. Astonishingly this is between 0.44% and 0.74% of annual global emissions. However, the industry is working increasingly to reduce its carbon footprint and move towards a net-zero future. Net zero is a term used to describe the balance between the amount of greenhouse gases emitted and the amount removed from the atmosphere. This means reaching a point where emissions are offset by removing the same amount of carbon dioxide equivalent from the atmosphere. This can be achieved in several ways, including carbon capture and storage, reforestation, renewable energy, and carbon trading. Carbon footprint is the process of measuring the number of greenhouse gases emitted by an organization or industry. It calculates the total amount of carbon dioxide and other greenhouse gases emitted during a product or service's production, processing and transportation. Carbon footprint is essential for measuring an organization's or industry's impact on the environment and identifying opportunities to reduce emissions. Carbon footprint is very important for the palm oil industry to identify the primary sources of emissions and implement strategies to reduce them. According to Efeca Briefing Note January 2022, the main contributors to greenhouse gas emissions in the palm oil industry is land use change (particularly in oil palm grown on peat soils, drainage of peat soils is responsible for 52% of emissions in the life cycle of oil palm grown on peatland plantations). Other emissions sources contribute to the carbon footprint of palm oil, including agricultural inputs, processing, and wastewater generation from palm oil mill effluent. One way to reduce emissions in the palm oil industry is to implement sustainable practices such as: prohibiting the development of palm plantations on peatland, as drainage of peat soils is a significant source of emissions, establishing free fire policies, improving soil health by minimizing the use of fertilizers and pesticides, enforcing reforestation programs and, utilizing renewable energy sources in processing and transportation. In order to ensure that these sustainable practices are correctly implemented in the palm oil industry, certification programs are put in place. These programs certify that the industry meets specific standards for sustainable production. By obtaining certification, the industry can demonstrate its commitment to sustainability and responsible land use. One of the palm oil certifications is Roundtable on Sustainable Palm Oil (RSPO). RSPO is an organization whose purpose is to promote sustainable palm oil production through certification and sustainability standards. RSPO-certified palm oil is produced with less greenhouse gas emissions and less environmental damage than non-certified palm oil. According to nationalgrid.com, another way to reduce emissions in the palm oil industry is through the use of carbon capture and storage (CCS) technology. CCS technology captures carbon emitted from industrial processes and stores it underground, preventing it from being released into the atmosphere. Using CCS technology in the palm oil industry will significantly reduce emissions and help achieve net zero emissions. On the other hand, many experts stated that the use of CCS is expensive and sometimes classified as commercial development. The only way to do this is by using renewable energy, as Greg Bourne stated below in a Climate Council article: In summary, the palm oil industry significantly impacts the environment and reducing carbon emissions is essential to mitigating climate change. Implementing sustainable practices and certification programs such as RSPO and using CCS technology are some strategies that help reduce emissions and achieve net zero emissions in the palm oil industry. Still, the CCS is classified as a not viable climate solution since it is digging up and burning fossil fuels. The palm oil industry can be crucial in mitigating climate change and promoting environmental sustainability by working towards a net-zero future. Peterson can be your trusted partner in navigating the complex and evolving landscape of sustainability standards by assisting your business in achieving palm oil certification like RSPO, ISPO, MSPO etc., and also Net-Zero carbon certification including PAS 2060, ISO 14064-1, ISO 14064-2, UER, Plan Vivo, ISO 14001, and ISO 50001. Our team of experts has extensive experience in providing environmental management solutions. With Peterson, you can demonstrate your commitment to being a sustainable palm oil industry, reducing your carbon footprint and improving operational efficiency. Contact Peterson today at marketing-indonesia@onepeterson.com.

Keisuke Sadamori, the Director of Energy Markets and Security at the International Energy Agency (IEA), has stated that the world is approaching a peak in fossil fuel consumption, with coal being the first to decline. It's important to note that Asia alone accounts for 70% of global coal consumption, and the three largest coal-producing nations - China, India, and Indonesia - set production records in 2022. Considering that coal is a non-renewable resource and its supply chain generates significant greenhouse gas (GHG) emissions, numerous countries are committed to achieving net-zero emissions by 2050. However, phasing out coal is likely to create a demand for bioenergy produced by biomass. Biomass is sourced from organic materials like trees, plants, and agricultural or urban waste. It can be used for heating, electricity generation, and transportation fuels. Producing, processing, and utilizing biomass for energy sustainably and efficiently is crucial to optimize GHG savings and maintain ecosystem services. To accomplish this objective, the Feed-in Tariff (FiT) has become a low-carbon fuel model with its own set of sustainability criteria, including ensuring environmental, social, and governance (ESG) considerations, maintaining a secure supply chain, and third-party verification. FIT has approved some biomass updates as a model for sustainability in low-carbon fuels. The updates include the approval of "new" biomass fuels and certification schemes. Biomass update 2023: In conclusion, with coal consumption declining, there is a growing need for bioenergy produced from sustainable and efficient biomass. The Feed-in Tariff (FiT) has established its own sustainability criteria for low-carbon fuel, including third-party verification and ensuring environmental, social, and governance (ESG) concerns. Several biomass updates, including "new" biomass fuels and certification schemes, have been approved by FiT as a model for sustainability in low-carbon fuels. However, there is still a need for risk evaluation of biomass fuel regarding food competition and land use change. By utilizing certified biomass, countries can achieve their goal of phasing out coal while maintaining a sustainable and environmentally conscious energy source. Looking for a reliable partner to achieve your business's certification in biomass? Look no further than Peterson! With our expertise and experience, we can assist you in obtaining the necessary certifications approved by FiT, such as RSPO, MSPO, FSC, PEFC, SBP, RSB, GGL, and ISCC. Our team of professionals is ready to help you navigate the complex process of certification and ensure that your business meets all the necessary sustainability criteria. Contact us today at marketing-indonesia@onepeterson.com to start your journey towards a sustainable and eco-friendly future with certified biomass.

As the world becomes increasingly aware of the environmental impact of plastic waste, there has been a growing demand for more sustainable and eco-friendly solutions. One approach to tackling this issue is through the use of recycled plastic materials, which can reduce waste and conserve resources. However, verifying the recycled content of plastic products can be a complex and challenging task, requiring standardised certification schemes and rigorous testing procedures. This list below is the comparative review of the standards and certification schemes used to verify recycled content in plastic products, providing the jurisdiction of each approach. EN 15343: 2007 Plastics Recycling Traceability and Assessment of Conformity and Recycled Content (Europe): The CEN published a standard that outlines the required mechanical recycling procedures for products made from recycled plastics. The standard provides traceability proof and enables manufacturers to use recycled materials with confidence. ISO 22095 Chain of Custody – General Terminology and Models (Global): This resource offers clear definitions of various CoC models and their requirements, applicable to all industries, materials, and products. It can serve as a reference for any organization at any stage of the supply chain or for standard setting organizations developing CoC standards. International Sustainability and Carbon Certification (ISCC) Plus (Global): A global voluntary certification system that certifies sustainable, deforestation-free, and traceable supply chains for materials from agriculture, forestry as well as waste and residue raw materials, non-bio renewables and recycled carbon materials and fuels. The standard can be applied to all markets including chemical and energy markets, as well as food and animal feed UL 2809 Environmental Claim Validation Procedure (ECVP) for Recycled Content (Global): This program provides third-party validation of products' recycled content, including post-consumer, pre-consumer, closed-loop, and Ocean Bound Plastic. It certifies any material or industry, from electronics to jewelry and batteries, and has completed projects involving glass, gold, copper, tantalum, and cobalt throughout the supply chain. SCS Recycled Content Standard (Global): This voluntary standard assesses products made from pre-consumer or post-consumer waste material and measures the percentage of recycled content to make accurate claims in the market. Association of Plastic Recyclers (APR) Postconsumer Resin (PCR) Certification (USA): Assures converters and brand owners that the material they are purchasing and using in their packaging is post-consumer recycled (PCR). GreenBlue Recycled Material Standard (RMS) (North America): A market-based framework for consistent labeling of recycled content products and packaging, either through CoC certification or ARC certificate trading. EuCertPlast (Europe): This is a Europe-wide voluntary certification program designed to acknowledge high-standard recyclers of pre- and post-consumer plastic waste who operate according to strict standards. RecyClass (Europe): This is a voluntary audit scheme conducted by a third-party to confirm the traceability of recycled materials across all stages of the value chain, also ensures that the origin of the material, whether pre- / post-consumer, is accurately reflected in product claims. Recycled Claim Standard (RCS) (Global): Voluntary standard for third-party certification of recycled input and CoC, aimed at promoting greater use of recycled materials. The affiliated CCS verifies the accuracy of content claims by confirming the presence and quantity of a raw material in a final product. RSB Standard for Advanced Products (Global): This scheme certifies all industries, including plastics, textiles, pharmaceuticals, packaging, tableware, cosmetics, nutritional supplements, food, feed, pulp, and paper. It uses a single, consistent standard for bio-based, recycled content, attributed systems. RAL Quality Mark for Recycled PET (Germany): This certification is granted to fillers, bottle and preform manufacturers, and recycling companies that meet quality and testing requirements for producing PET beverage bottles from post-consumer waste. QA-CER Recycled Content Certification System (Global): This is a voluntary third-party system certification that is based on the principles of ISO 9001, including CoC. Istituto per la Promozione delle Plastiche da Riciclo (IPPR) Plastica Seconda Vita (PSV) (Italy): This voluntary product certification scheme certifies mechanically recycled plastic and was developed in Italy. Its purpose is to make recycled plastic products more visible and identifiable to public administrations and companies with a public capital focus. Cradle to Cradle Certified (USA): This certification program assigns an A, B, C, X, or GREY rating to recycled content materials that undergo assessment when used in finished products seeking certification. Summary Table In conclusion, verifying recycled content in plastic products is becoming increasingly important in today's world. With a growing emphasis on sustainability and environmental responsibility, consumers and businesses alike are looking for ways to reduce their impact on the planet. Standards and certification schemes play a vital role in ensuring that recycled content is accurately measured and reported, giving consumers the confidence they need to make informed purchasing decisions. By staying up-to-date with the latest developments in this area, businesses can position themselves as leaders in sustainability and meet the changing demands of today's market. Attention businesses seeking to incorporate recycled content in plastic products! We understand that navigating this landscape can be daunting, which is why we recommend seeking the assistance of Peterson Projects and Solutions Indonesia. As professional consultants in sustainable business practices and certification, we can guide you towards your sustainability goals while ensuring industry compliance. Contact us at marketing-indonesia@onepeterson.com for more information. Let's work towards a greener future together.

A business feasibility study is a detailed analysis of the viability of an idea or concept for a business venture. Once feasibility has been determined, a business plan documents the operational and financial objectives of the venture and the detailed plans to achieve them. Aquaculture is a complex and capital-intensive industry that requires careful planning and management to ensure its success. Feasibility studies and business planning are critical components in the process of starting and operating an aquaculture business to assess the viability and potential success of a proposed project or business venture. These processes can help entrepreneurs make informed decisions, allocate resources effectively, and develop strategies to mitigate risks and challenges, leading to a higher likelihood of success. Here is an example of an aquaculture business feasibility study and business plan: Feasibility Study: An entrepreneur wants to start an aquaculture business that will specialize in the production of targeted fish for local and export markets. The feasibility study will assess whether the idea is viable and financially feasible. Market feasibility: The study will examine the demand for targeted fish in local and export markets, the competition, and pricing trends. Technical feasibility: The study will assess the availability and suitability of land, water, and other resources for the production of targeted fish. It will also examine the required technology, equipment, and infrastructure to support the business. Financial feasibility: The study will analyze the estimated costs, revenue projections, and potential return on investment to determine whether the business is financially feasible. Legal feasibility: The study will examine the legal requirements, permits, licenses, and zoning regulations needed to start and operate the business. Operational feasibility: The study will assess the staffing requirements, skills, and training needed to operate the business and identify potential operational risks and challenges. Business Plan: Assuming the feasibility study shows that the business is viable, the entrepreneur can proceed to develop a business plan. The business plan will detail the operational and financial objectives of the venture and the detailed plans to achieve them. Here are some sections that would be included in the plan: Executive Summary: This section will provide a summary of the business idea, the market opportunity, and the financial projections. Company Description: This section will provide background information about the business, its mission, and its products or services. Market Analysis: This section will provide an analysis of the market opportunity for targeted fish, including the target market, competition, and pricing. Management and Staffing: This section will describe the management team, the organizational structure, and the staffing requirements. Operations Plan: This section will detail the production process, technology, equipment, and infrastructure required to produce targeted fish. Marketing Plan: This section will describe the marketing strategies and tactics that will be used to promote and sell the products. Financial Plan: This section will provide financial projections, including income statements, cash flow projections, and a balance sheet, and will also include a funding request if needed. In conclusion, feasibility studies and business planning are crucial for the success of aquaculture businesses. These processes can help entrepreneurs assess the market demand, availability of resources, technical requirements, financial viability, and potential risks and challenges. By conducting a thorough feasibility study and developing a comprehensive business plan, entrepreneurs can make informed decisions and allocate resources effectively, leading to a higher likelihood of success. Furthermore, it is essential to seek expert advice and assistance to ensure the success of the aquaculture business. Peterson Projects and Solutions Indonesia is a leading consultancy firm including in the aquaculture industry. Our team of experts can provide valuable insights and solutions for your aquaculture business, including certification, technical support, and training. If you need assistance or consultancy for your aquaculture business, don't hesitate to contact Peterson Projects and Solutions Indonesia at marketing-indonesia@onepeterson.com. Let us help you turn your aquaculture business into a success story.

Aquaculture is the farming of aquatic organisms such as fish, molluscs, crustaceans, and aquatic plants. In recent years, the aquaculture industry has grown significantly around the world. This growth has been driven by increasing demand for seafood, declining wild fish stocks, and a desire to reduce the environmental impact of fishing. Senior fish farm worker — Photo by photography33: In order to support the growth of the aquaculture industry and ensure its long-term sustainability, it is important to develop effective strategies and policies for this sector. The process of Strategy and Policy Development entails outlining the steps needed to create, compose, and organize your policy for eventual implementation. Strategy and Policy development hold significance because it enables you to operationalize your chosen policy option by formulating a strategy and crafting the policy. The exact methodology for this process can vary depending on the specific policy being addressed. Strategy: Your strategy identifies the steps for policy enactment, and you identified what may help or prevent the enactment of the policy Policy Development: You researched and considered model policies, the policy is drafted and clearly shows how it will work in the real world, and you identified any additional information or resources that may be needed for implementation Here are some key points to consider when developing strategies and policies for aquaculture: Environmental sustainability: Aquaculture can have a significant impact on the environment, particularly if it is not managed properly. It is important for policies and strategies to ensure that aquaculture practices are environmentally sustainable and that they do not damage the wider ecosystem. Economic viability: Aquaculture can be a profitable industry, but it can also be expensive to establish and maintain. Strategies and policies should aim to support the economic viability of the industry, while also ensuring that it is not reliant on unsustainable practices. Innovation and research: There is still much to learn about aquaculture, and ongoing innovation and research are essential to support the growth and sustainability of the industry. Policies and strategies should encourage innovation and research, and provide funding and support for these activities. Regulation and governance: Effective regulation and governance are essential to ensure that aquaculture practices are sustainable and that the industry operates within legal and ethical frameworks. Policies and strategies should include measures to improve regulation and governance and to ensure that there is transparency and accountability in the industry. Social responsibility: Aquaculture can have significant social impacts, both positive and negative. Policies and strategies should aim to support the social responsibility of the industry and to ensure that it operates in a way that benefits local communities and respects their rights and cultures. Strategy and policy development refer to the process of formulating plans and actions to achieve specific goals or objectives. It involves identifying the desired outcomes, assessing the current situation, determining the best course of action, and developing plans to achieve the desired results. In the context of aquaculture, strategy and policy development can involve the following steps: Identifying the desired outcomes: This involves determining the goals and objectives for the aquaculture industry, such as sustainable production, environmental protection, and economic growth. Assessing the current situation: This involves evaluating the current state of the aquaculture industry, including production methods, environmental impacts, regulatory frameworks, and market trends. Determining the best course of action: This involves analyzing the options available for achieving the desired outcomes, such as improving production methods, implementing new regulations, or promoting sustainable practices. Developing plans to achieve the desired results: This involves developing detailed action plans to implement the chosen strategies and policies, including timelines, budgets, and responsibilities. Monitoring and evaluating progress: This involves regularly monitoring and evaluating progress towards the desired outcomes and making adjustments as necessary. In conclusion, the development of effective strategies and policies is essential to support the growth and sustainability of the aquaculture industry. These policies should aim to promote environmental sustainability, economic viability, innovation and research, regulation and governance, and social responsibility. By working together, policymakers, industry leaders, and other stakeholders can ensure that the aquaculture industry continues to grow and thrive in a sustainable and responsible way. Peterson Projects and Solutions can help your aquaculture business achieve sustainability by developing strategies and policies that meet the standards of certification bodies such as ASC, GLOBALG.A.P., and MSC. Our team of experts has a deep understanding of the aquaculture industry and will work closely with you to tailor our solutions to your specific needs and goals. By partnering with Peterson Projects and Solutions, you can be confident that your business will not only comply with industry standards but also make a positive impact on the environment. Contact us at marketing-indonesia@onepeterson.com to schedule a consultation and take your aquaculture business to the next level.

The seafood industry is one of the most dynamic and complex global supply chains, with a wide range of actors involved in its production, processing, and distribution. Achieving sustainable seafood supply chains is essential for ensuring the long-term viability of the industry and protecting the environment. Traceability and transparency are two critical elements that can help achieve this goal. Traceability and transparency assessments are critical in achieving sustainable seafood supply chains. Here are some key points about their importance and implementation: Importance of traceability and transparency: Traceability and transparency help to ensure that seafood is sourced responsibly and sustainably. This is important for protecting the environment and promoting the well-being of workers in the seafood industry. By ensuring traceability and transparency, seafood companies can provide their customers with reliable information about the seafood they consume, enabling them to make informed decisions. Implementation of traceability: Traceability refers to the ability to track the journey of a seafood product from the point of catch to the point of sale. Traceability can be implemented through various methods, such as using blockchain technology, electronic tagging, and other tools to track seafood from the point of harvest to the point of sale. Implementation of transparency: Transparency refers to the disclosure of information about the product's origin, production processes, and distribution. Transparency can be achieved by providing information about the source of the seafood, the fishing or aquaculture practices used, and the supply chain through which it was processed and distributed. This information can be shared through labeling, certifications, and other means. By doing so, they enable customers to make informed decisions about the seafood they consume. Certification programs: The disclosure of this information can take many forms, including labelling, certification, and online platforms that provide information about the seafood products being sold. Certification programs, such as the Marine Stewardship Council (MSC) and the Aquaculture Stewardship Council (ASC), can help to ensure that seafood is sustainably sourced and that traceability and transparency are maintained throughout the supply chain. These mechanisms can provide customers with information about the sustainability of the seafood products they purchase, enabling them to make informed decisions. Collaboration: Collaboration among stakeholders in the seafood industry, including fishers, processors, retailers, and consumers, is crucial to achieving traceability and transparency for sustainable seafood supply chains. This collaboration can help to ensure that traceability and transparency are maintained and that sustainability is prioritized throughout the supply chain. To consider the key points, companies must implement efficient data management systems that enable them to track and trace the seafood products they produce, process, and sell. This could require implementing technology-based systems, such as radio-frequency identification (RFID) tags, electronic catch documentation and traceability (eCDT) systems, and blockchain technology. These systems enable companies to track the seafood products they produce, process, and sell, providing a record of the product's origin, production processes, and distribution. In addition to technological systems, companies must also ensure that they have effective policies and procedures in place that govern the use of these systems. This includes ensuring that all actors in the supply chain comply with the policies and procedures and that there are adequate mechanisms in place to monitor compliance. In conclusion, achieving sustainable seafood supply chains requires the implementation of traceability and transparency mechanisms. Transparency enables the capture of important supply-chain information like product components, certifications, and supplier names, which fosters trust across the supply chain and allows for better data gathering. Traceability, on the other hand, focuses on capturing more specific data on individual products such as chemical composition, sourcing information, and purchase orders, but is limited to the product or batch level. By tracking and tracing the seafood products they produce, process, and sell, and disclosing information about their origin and production processes, seafood companies can provide their customers with reliable information and enable them to make informed decisions. This, in turn, can improve the sustainability of seafood supply chains and protect the environment for future generations. By partnering with Peterson Project and Solution Indonesia, businesses can ensure that their seafood products are sourced responsibly and meet international sustainability standards. We can help businesses ensuring the track of their supply chains from source to end consumer, also ensuring that the products are of the highest quality and comply with relevant regulations. To get started, businesses can contact Peterson Project and Solution Indonesia at marketing-indonesia@onepeterson.com. We will work with each business to create a tailored solution that meets their specific needs and helps them achieve their sustainability goals.

Market evaluations and market access or improvement strategies are crucial for the success of sustainable seafood supply chains. Market evaluations furnish information on the demand for sustainable seafood, the competition within the market, and the pricing structure. Market access or improvement plans outline tactics for improving access to markets and enhancing the competitiveness of sustainable seafood products. Here are some key points to consider: Market Appraisals: Identify the key stakeholders in the seafood supply chain, including suppliers, processors, distributors, and retailers. Analyse the current market demand and trends for sustainable seafood. Conduct a SWOT analysis (strengths, weaknesses, opportunities, and threats) to identify potential challenges and opportunities in the market. Conduct market research to understand consumer preferences and willingness to pay for sustainably sourced seafood. Identify and assess existing sustainability standards and certification schemes to ensure that they meet the needs of the market. Market Access/Improvement Plans: Develop a sustainability plan that addresses the environmental, social, and economic impacts of seafood production and distribution. Establish traceability systems to ensure that seafood products can be traced back to their source and that they meet sustainability standards. Implement sustainable fishing practices and aquaculture techniques that minimise environmental impacts. Engage with suppliers and other stakeholders to encourage sustainable practices and improve the sustainability of the supply chain. Collaborate with NGOs and other organisations to develop and promote sustainability initiatives in the seafood industry. Invest in research and development to improve sustainability standards and practices. In conclusion, market evaluations and market access or improvement strategies are essential for the success of sustainable seafood supply chains. By conducting market evaluations and implementing market access or improvement plans, the seafood industry can better understand the market demand for sustainable seafood and develop strategies for increasing its competitiveness. This can help the industry to penetrate new markets, increase its market share, and promote sustainable fishing practices.

Environmental, Social, and Governance (ESG) studies are crucial in achieving sustainable seafood supply chains. The seafood industry dramatically impacts the environment and the well-being of communities involved in fishing and aquaculture. It is, therefore, vital to consider ESG factors in decision-making to ensure the industry's long-term viability and positive impact on the environment, society, and economy. Here are some of the key ESG considerations in the seafood industry: Environmental Sustainability: This encompasses the impact of fishing and aquaculture on the marine ecosystem, such as overfishing, habitat destruction, and harmful fishing practices. It also covers the environmental impact of seafood production, transportation, and consumption. Social Responsibility: This encompasses the treatment of workers in the seafood industry, particularly regarding fair labour practices, working conditions, and health and safety. It also covers the impact of seafood production on local communities, such as displacement and loss of livelihoods. Good Governance: This encompasses transparency and accountability in the seafood supply chain, from fishing or aquaculture operations to the retail or food service sector. It also contains responsible and sustainable management of fishery resources to ensure their long-term viability. By taking these ESG factors into account, seafood companies can ensure that their operations are sustainable and positively impact the environment and society. Furthermore, companies adopting sustainable seafood practices will likely have better reputations and improved relationships with customers, suppliers, and stakeholders. In conclusion, at Peterson Projects and Solutions Indonesia, we recognise the significance of ESG in the seafood industry and are committed to promoting sustainable seafood practices. If you want to join us in our mission to create a more sustainable seafood supply chain, don't hesitate to contact us at marketing-indonesia@onepeterson.com. Together, we can positively impact the environment, society, and economy.

Carbon footprinting and decarbonisation play a crucial role in achieving sustainability in seafood supply chains. Carbon footprinting involves the measurement of the amount of carbon dioxide and other greenhouse gases emitted by a company or product, providing insight into its carbon impact. Decarbonisation, on the other hand, refers to reducing the carbon footprint of a product or process. Carbon footprinting and decarbonisation are essential in achieving sustainability in seafood supply chains. Carbon footprinting helps identify areas where emissions can be reduced and informs the development of strategies to reduce emissions, such as alternative transportation methods and sustainable feed sources. Decarbonisation efforts, including sustainable fishing practices and sourcing, reduce the carbon emissions associated with fishing, processing, and transportation. By implementing these measures, companies can create a more sustainable and responsible seafood supply chain that reduces carbon emissions and preserves the ocean's ecosystem and the livelihoods of fishing communities. credit image: https://www.visualcapitalist.com/sp/decarbonization-101-what-carbon-emissions-are-part-of-your-footprint/ Here are some key points to consider when conducting carbon footprinting and decarbonisation in order to achieve sustainability in seafood supply chains: Measure and monitor carbon emissions: Measure the amount of carbon dioxide and other greenhouse gases emitted by your company or product in order to understand its carbon impact. This will provide the necessary data to inform decarbonisation efforts. Target high-emission areas: Identify areas of the seafood supply chain where emissions are highest, such as transportation, refrigeration, and feed production. These areas should be prioritised for decarbonisation efforts. Adopt sustainable fishing practices: Reduce the carbon emissions associated with fishing practices by adopting more sustainable methods, such as using electric fishing boats, reducing the distance travelled to fishing grounds, and improving the efficiency of fishing gear. Source sustainably: Sourcing seafood from more sustainable sources can reduce the carbon emissions associated with fishing, processing, and transportation. This can include sourcing seafood from small-scale, locally-based fishing communities or from farms that use renewable energy sources. Reduce waste throughout the supply chain: Implementing waste reduction measures throughout the seafood supply chain can help to reduce emissions and create a more sustainable supply chain. Use alternative transportation methods: Consider alternative transportation methods, such as shipping by rail or sea, in order to reduce emissions associated with transportation. Improve refrigeration systems: Improving refrigeration systems can help to reduce emissions and improve the energy efficiency of the supply chain. Use sustainable feed sources: Using sustainable feed sources can help to reduce emissions associated with feed production and create a more environmentally responsible supply chain. By following these steps, companies can create a more sustainable and responsible seafood supply chain that reduces carbon emissions and preserves the health of the ocean's ecosystem and the livelihoods of fishing communities for future generations. In conclusion, carbon footprinting and decarbonisation are essential steps in achieving sustainability in seafood supply chains. By reducing carbon emissions, companies can create more sustainable supply chains that are environmentally responsible, economically viable, and socially responsible. This will ensure that seafood is produced in a way that is both sustainable and responsible, preserving the health of the ocean's ecosystem and the livelihoods of fishing communities for future generations.

Seafood is a crucial source of protein for a large proportion of the world's population. However, the fishing industry has faced numerous challenges, including overfishing, bycatch, and habitat destruction. These challenges have led to the decline of marine biodiversity and a negative impact on the environment. To tackle these issues, it is vital to develop sustainable seafood supply chains that ensure responsible and ethical fishing practices. One crucial step is to carry out supply and value chain mapping and development. credit image: https://ebrary.net/172770/management/seafood_supply_chains The first step in establishing a sustainable seafood supply chain is to comprehend its structure and the flow of goods and services. This entails mapping the entire supply chain, from fishing boats to processors, distributors, and retailers. This information aids in identifying areas for improvement and provides a starting point for monitoring progress. It is also important to consider the impact of fishing practices on the marine environment and the livelihoods of fishing communities. "By adopting a holistic approach and taking these factors into account, a sustainable seafood supply chain can be established that is economically, socially, and environmentally sustainable." This involves sourcing seafood from responsible and sustainable sources, introducing traceability systems, and reducing waste throughout the supply chain. 5 Facts about sustainable seafood supply chains: Importance of Traceability: In a sustainable seafood supply chain, it's essential to have a clear traceability system in place to track the origin and journey of seafood products from harvest to the end consumer. This helps ensure the products are sustainably sourced and not contributing to overfishing or other environmental harm. Consumer Awareness and Demand: Consumer demand is a driving force in the development of sustainable seafood supply chains. As more consumers become aware of the environmental impacts of their seafood choices, they are increasingly seeking out sustainably sourced options. Collaboration across the Supply Chain: The sustainable seafood supply chain requires collaboration and cooperation between different actors, including fishermen, processors, distributors, retailers, and consumers. This involves sharing information, establishing common goals, and working together to promote sustainable practices. Certification and Labeling: Certification programs and labeling schemes play a critical role in promoting sustainable seafood. These programs provide a transparent, verifiable system for tracking the sustainability of seafood products and help consumers make informed choices. Managing the Impacts of Fishing and Aquaculture: Sustainable seafood supply chains must take into account the environmental and social impacts of fishing and aquaculture practices. This includes reducing fishing effort in overfished areas, reducing bycatch, and ensuring that aquaculture is conducted in a manner that protects local ecosystems and communities. In conclusion, creating a sustainable seafood supply chain is a complex and ongoing process that requires a comprehensive understanding of its architecture and the flow of goods and services. By prioritising environmental and social sustainability, the seafood industry can secure its long-term viability and conserve the ocean's ecosystem for future generations. Partner with Peterson Project and Solutions Indonesia to secure a sustainable seafood supply chain. Our expertise in mapping and development will steer you towards a responsible and environmentally friendly industry. Get in touch with us at marketing-indonesia@onepeterson.com to discover more about our services and make the initial move towards a positive future for the seafood industry.

"The economy is like a car, it can be driven in any direction depending on the actions of its driver." The global economy has been significantly impacted by various factors in recent years, including the COVID-19 pandemic, trade tensions, and geopolitical instability. As a result, many countries are facing challenges in terms of growth, employment, and inflation. Despite these challenges, some economies are demonstrating resilience and are able to maintain steady growth. For example, countries in the Asia-Pacific region have been able to recover quickly from the pandemic thanks to their strong manufacturing sector and export-oriented economies. On the other hand, some countries in Europe and North America continue to struggle with high unemployment and slow growth. Governments and central banks are taking various measures to support the economy, including monetary policy measures such as low-interest rates and large-scale asset purchases, as well as fiscal measures such as stimulus packages and increased government spending. However, there is concern that these measures may lead to inflation and long-term debt sustainability issues. "An economy that prioritizes growth and fairness will not only lift up individuals, but also drive prosperity for all." In conclusion, the global economy is facing a complex and rapidly changing environment, with both challenges and opportunities for growth. It is essential for policymakers and businesses to closely monitor economic indicators and adjust their strategies accordingly in order to ensure sustainable and inclusive economic development.