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The Ocean Stewardship Fund is supported by a variety of sources, including 5% of the MSC’s annual royalty income from ecolabelled products as well as donations from third-party funders.
The Ocean Stewardship Fund is scaling up to ensure it has a greater impact on growing global sustainable fishing practices.
The MSC’s experience has shown that many small-scale fisheries, particularly in developing economies, face unique challenges in their transition towards sustainability. A lack of data, technical capacity, financial resources, and/or government support often constrain such fisheries in adopting and implementing sustainable practices.
The MSC is mobilising resources from third-party funders in order to increase its capacity to support such fisheries through our Ocean Stewardship Fund. We will continue to dedicate 5% of our annual royalty income to the fund.
Email us to find out more about how to contribute to the Ocean Stewardship Fund >
Since 2019, the MSC has awarded 64 grants totalling US$2.8 million through the Ocean Stewardship Fund. We have an ambition to raise over €10 million (US$11 million) by the end of 2022 and have already mobilised over US$3 million from third-party donors and MSC royalties over the last year.
A total of US$850,000 will be awarded to fisheries improvement projects in the Mediterranean and West Africa throughout 2022, supported by the MAVA Foundation. A further US$1 million will fund selected fisheries committed to sustainability through a loan guarantee scheme, supported by the Walton Family Foundation.Donor funds make a real contribution to accelerating sustainable fishing globally and safeguarding our sustainable seafood supplies for the future.
The Marine Science Institute of the Spanish Research Council is receiving (€ 25,200) to undertake a stock assessment of the blue and red shrimp (Aristeus antennatus), in order to progress the sustainability of the fishery. The fishery is also part of the multi-stakeholder MedFish programme, one of the MSC Pathway to Sustainability projects.
We are accelerating progress by funding innovative research and supporting fisheries at all stages on the path to sustainability.
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