Sustainability in Fishing

Sustainability in Fishing

# Are enough fish left in the ocean? 
# What are the impacts? 
# Are operations well managed?

Sustainable fishing means leaving enough fish in the ocean, respecting habitats, and ensuring people who depend on fishing can maintain their livelihoods.

There is an urgent need to work at all levels to drive commercial fisheries towards sustainability while improving the management of the world’s small-scale fisheries and aquaculture practices.

The BD Shrimp Philosophy
We believe the companies that will survive in the future will be those that combine sustainable business growth with a positive impact on the environment and society.

Now, without direct and immediate action, the environment faces an uncertain future. Because of this, the future of our company must address and resolve an important question moving forward: How can we maintain the sustainability of our resources and continue to grow our business at the same time?

I believe that now more than ever, society is looking to us to step up and show that we can answer this question with confidence by acting responsibly and fulfilling the expectations of society.
With this in mind, we created our working a long term working plan below..

Engagement at the local level...
In our priority regions, BD Shrimp focuses on what we define as community-based management. This approach empowers communities to take charge of the ocean resources in a way that safeguards their supply well into the future. This approach is also at the heart of our work with people who make a living from a small-scale commercial or subsistence aquaculture

Working together….
BD Shrimp can't reverse the downward trend in fisheries alone. We forge partnerships with organizations that have complementary areas of expertise because by working together, we can catalyze more significant impacts.

Achievement of Responsible Fishing….
Sustainable fisheries development can be achieved through responsible fishing, which considers rational fishery management objectives that address a range of issues, including the status of the resource, the health of the environment, post-harvest technology and trade, as well as other economic concerns, social benefits, legal and administrative support. In the case of shared resources, a coordinated approach to responsible fisheries management is essential.

Regulate fishing effort…
It is crucial to control fishing effort and to avoid financial incentives that would contribute to excess fishing capacity. Excess fishing capacity and overcapitalization threaten the sustainability of the resource, as well as the industry.

Establish a code of conduct for responsible fishing to guide management plan…
It is needed to maximize benefits from the fishery while avoiding wastage caused by indiscriminate fishing practices. In particular, it is essential to reduce catches of undersized fish and non-target species and to prevent the use of gears that harm the environment.

Establish and support Fish Companies with the management of shared resources….
The successful management of shared resources requires effective coordination by all the countries concerned. The relevant international fisheries agreements promote participation in, and financial support for, the work of these commissions and organizations.

Develop contingency plans
Management plans should incorporate some contingency for dealing with sudden and unpredictable environmental changes caused by human-made or natural disasters.

Develop the mechanism for resolving user conflicts
Management should provide tools for handling problems arising from resource user

Protect biodiversity
The biodiversity or species richness of an ecosystem is an essential measure of ecosystem health. The preservation of biodiversity will ensure that present human development activities do not threaten the ability of future generations to meet their own needs.

Protect the environment
There should be monitoring and control of waste disposal and pollution. Besides, every effort should be made to prevent discarding of entangling material that could trap and kill species or physically damage the environment.

Promotion of research
Research should be conducted to support and inform various aspects of management.
Optimize social and economic stability
There should be fair and equitable distribution of benefits derived from the fishery.

To improve the situation and ensure that fish stocks are managed sustainably, we are taking the vital initiative to fisheries management urgently needs to be reformed. To protect fish stocks in the future, more excellent accounts must also be made of the ecological linkages between various fish species and their habitats, as so far, stocks have tended to be viewed in isolation. Thus we’re moving toward achieving a sustainable fishery in Bangladesh. 

Rafiqul Islam Rafi
President & CEO
BD Shrimp Trading Corporation.