FOODTECH COMMITMENT TO ISSF CM 2.4

We, Foodtech JSC, an Associate Member, strongly support all initiatives undertaken by ISSF. In compliance with ISSF Conservation Measure 2.4, we, Foodtech JSC, have committed to publicly report the amount of raw material fish that we source from:

FISHERY SOURCE:

- MSC-certified fisheries eligible to use the MSC label

- Comprehensive FIPs listed on FisheryProgress.org scoring A, B or C or in their initial listing on Fisheryprogress.org

- Comprehensive FIPs listed on FisheryProgress.org scoring D or E    

- Fisheries that have entered full assessment for MSC certification, but are not in a comprehensive FIP listing on FisheryProgress.org

- None of the above

SUPPLIER SOURCE:

- ISSF participating companies 

- Data Check Companies

- Direct from vessels 

- None of the above 

Whereas, as of 01 October 2022, FOODTECH JSC, purchased raw material tuna from the period of September 2023, as indicated below:

A. The percentage purchased (measured in round ton equivalents) for each of the following Fishery Source categories:

MSC-certified fisheries eligible to use the MSC label = 25.3%

Comprehensive FIPs listed on FisheryProgress.org scoring A, B or C or in their initial listing on Fisheryprogress.org = 0%

Comprehensive FIPs listed on FisheryProgress.org scoring D or E = 0%

Fisheries that have entered full assessment for MSC certification, but are not in a comprehensive FIP listing on FisheryProgress.org = 0%

None of the above = 74.7%

B. The percentage purchased (measured in round ton equivalents) for each of the following Supplier Source categories:

ISSF participating companies = 0 %

Data Check Companies = 0%

Direct from vessels = 0%

None of the above = 100%

UPDATE ON VIETNAM FIP PROJECT: The consultant, KT ASIA, advised that the Vietnam FIP Project need at least a financial forecast of US$50,000 per year, for the next 3 to 5 succeeding years. The Initiator, VINATUNA announced this extra budget to all FIP Project participants and the response is negative. Hence, Vietnam FIP Project has no progress as of yet.