Company Update Vol. 8


company Update

This is the 8th Company Update Report that FCF Co., Ltd. (FCF) has published.

January 5th, 2024

© 2024 FCF Co., Ltd. All Rights Reserved.

Leading the Way
in ESG Initiatives

As we embark on 2024, FCF Co., Ltd. is excited to unveil the 8th edition of our Company Update, showcasing our journey from July to December 2023. This period has not only been about deepening our commitment to Environmental, Social, and Governance (ESG) initiatives but also about achieving tangible milestones that underscore our role as a leader in sustainable and responsible business practices. Our dedication to these pillars of ESG is not just a commitment but a continuous journey towards excellence and innovation in the industry.

- FCF's Q3 2023 -

Active participate Collaborative framework under Seafood Task Force
In July, FCF’s Vice President and Sustainability Consultant made significant contributions at the Seafood Task Force Tuna Meeting in Los Angeles. This meeting proved to be a productive platform, delving into critical topics such as Social Assessment, Grievance Mechanisms, Responsible Recruitment, and strategies for comprehensive remediation in the seafood industry. This collaboration underlines FCF's commitment to driving positive change and fostering sustainable practices within the sector.
Electronic Monitoring (EM) Project
In 2023, the Electronic Monitoring Implementation Project marked advanced sustainable fishing by equipping Fishery Improvement Project vessels with Electronic Monitoring Systems (EMS). Since December 2022, Electronic Monitoring Systems (EMS) have been installed on vessels in FCF’s Fishery Improvement Projects (FIPs) for better at-sea monitoring. This initiative aims to improve scientific data collection, aid conservation, and promote sustainable practices.
Advancing Local Education and Sustainability Efforts
FCF dedicated to digital education and ESG principles, has donated 50 LCD monitors to a Kaohsiung elementary school, enhancing students' learning with technology. This follows FCF's upgrade of its ERP system, aligning with fishery standards. The company's broader commitment includes community welfare, marine sustainability, labor rights, and educational partnerships. This donation reflects FCF's focus on sustainability, community support, and integrating education with technology.
Strategic Trade Secrets Management Training for ESG Compliance
FCF conducted a Trade Secrets Management training to align with ESG corporate governance 4.0. The session, led by a Senior Attorney from Jones Day, aimed to enhance staff understanding of legal aspects in trade secrets and intellectual property. The training addressed the urgent need for effective trade secrets management in the competitive global business environment. It included practical measures for protection, interactive sessions, and simulations, significantly benefiting employees and strengthening FCF's internal management and competitive edge.
Global Coastal Cleanup
FCF committed to ESG values and sustainable fisheries, led a beach cleanup along the Qijin coast in Kaohsiung, involving 104 participants including employees and their families. Parallel to this, its subsidiary, Bumble Bee Foods, conducted a cleanup in San Diego, USA, emphasizing a collaborative effort for marine conservation. The event also focused on engaging children, educating them about marine preservation. FCF President, Max Chou, highlighted the initiative's role in raising environmental awareness and advancing sustainable practices in Taiwan's offshore fisheries.
Unveiling the Social Impact and Sustainability Achievements

In September 2023, FCF achieved a major milestone by releasing both our inaugural Social Impact Report and the 2022 Sustainability Report. These reports collectively highlight our dedication to sustainable fisheries, human and labor rights, and responsible tuna sourcing. Notably, over 85% of our tuna now comes from MSC-certified or FIP-active fisheries, underlining our commitment to ocean sustainability and improving fishermen's rights and workplace conditions.

- FCF's Q4 2023 -

ANOVA's Community Engagement: Elderly Support, Water Project, and Environmental Preservation

ANOVA, part of FCF, focuses on community welfare through diverse projects. In Bali, they assisted elderly care at Nursing Home Werdha Santhi, providing supplies and personal engagement. The 'RO Water for Schools' initiative introduced advanced water filtration systems in schools, enhancing student health and environmental sustainability. Additionally, Anova Asia Group's beach clean-up at Matahari Terbit collected 665kg of plastic, demonstrating their commitment to environmental preservation.

Increasing Transparency in the Seafood Supply Chain: FCF's Role and Challenges in Electronic Monitoring

At the workshop “Increasing Transparency in the Seafood Supply Chain” in Tokyo, hosted by The Pew Charitable Trusts, Global Tuna Alliance, and Seafood Legacy, FCF spoke on the panel “Recent Experiences with Electronic Monitoring.” The event, featuring industry leaders including Transparency and Sustainability Industries INC. and Luen Thai Fishing Venture, focused on electronic monitoring (EM) in the seafood supply chain.

​Environmentally Friendly Fish Aggregating Device Workshop
The "Environmentally-Friendly Fish Aggregating Device Workshop," organized in collaboration with the Taiwan Tuna Purse Seiners Association, centered on sustainable alternatives to traditional Fish Aggregating Devices (dFADs). Keynote speaker Dr. Lauriane Escalle and other experts discussed Jelly-FADs and similar innovative technologies, emphasizing the importance of minimizing fishing's ecological impact.
FCF Empowers Employees With ISSF Training To Elevate Sustainability Practices
In Kaohsiung, Taiwan, FCF collaborated with the International Seafood Sustainability Foundation (ISSF) for a workshop on sustainable longline fishing. Dr. Hilario Murua from ISSF led the session, focusing on bycatch management improvements. The workshop, part of FCF's Sustainability Symposium series, included practical training on a longline vessel, teaching hands-on bycatch mitigation techniques and emphasizing the Marine Stewardship Council’s principles.
Advancing Sustainable Fishing

FCF led its International Symposium on Fisheries Sustainability, featuring Dr. Lauriane Escalle from SPC and Dr. Hilario Murua from ISSF, focusing on sustainable fishing practices. In Taiwan, they discussed environmentally friendly fishing devices with major fishing net companies, emphasizing the need to address Abandoned Lost or Discarded Fishing Gear (ALDFG) and ghost gear. The symposium also explored non-entangling and biodegradable Fish Aggregating Devices (dFADs), such as Jelly-FADs, and evaluated biodegradable materials for dFADs construction. FCF's initiative aims to advance marine environmental improvement and address ALDFG and ghost gear issues.

Hosts 2023 Sustainability Symposium Addressing Critical Challenges in the Global Tuna Fishing Industry

FCF, together with EAST and NSYSU, hosted the “International Symposium on Fishery Sustainability 2023” in Kaohsiung on November 17, 2023, supported by various organizations. The symposium focused on enhancing sustainable fishing practices in Taiwan. Keynote speaker Dr. Chuck Fox and panelists from diverse sectors discussed sustainable sourcing, biodiversity preservation, seafood traceability, and practical fisheries practices. FCF emphasized its commitment to sustainability, as highlighted in its recent reports, and the symposium aimed to inspire collective action for a sustainable seafood industry.

Releases Preliminary Findings on Responsible Recruitment Practices in Seafood Supply Chain

FCF Co., Ltd. announces preliminary findings from its program focusing on responsible recruitment practices within its seafood supply chain. The report covers collaboration with the Indonesia Fishermen’s Association (INFISA) to understand recruitment practices of nine sending agents in Indonesia and assessing two receiving agents in Taiwan using the On The Level (OTL) standard for ethical standards and operational effectiveness. While the report's limited sample size may not capture all industry challenges, it lays a foundation for further exploration and improvement in recruitment practices, aligning with FCF's commitment to responsible business practices.

FCF Supports Christmas Celebration for Foreign Crew Members at Port

FCF proudly supported the Christmas event at Qianzhen Fishing Port, Taiwan, dedicated to foreign crew members who are integral to Taiwan's fishing industry. The event, a lively Christmas market celebration, aimed to bring warmth and joy to these hardworking individuals, spreading the love and hospitality of Taiwan to both local and international fishermen, ensuring they experience the festive cheer of Christmas.

Uniting for a Sustainable Future

2023 international symposium on fishery sustainability

In 2023, FCF Co., Ltd. underscored its leadership in the seafood industry by actively participating in the "2023 International Symposium on Seafood Sustainability" on November 17 at National Sun Yat-sen University, in collaboration with Environment &Animal Society of Taiwan (EAST) and the university.​

Event Highlights

This event was also supported by esteemed co-organizers, including representatives from the Fisheries Agency, Ministry of Agriculture (Taiwan), College of Marine Sciences, NSYSU, and Carrefour Taiwan Cultural & Educational Foundation. The symposium symbolizes the unwavering commitment of FCF and its partners to enhance Taiwan’s fishing industry through the adoption and implementation of sustainable fishing practices.

The Carrefour Foundation for Education and Culture sponsored the symposium, ensuring that the meals provided during the conference align with principles of traceability, animal welfare, biodiversity, and environmental sustainability.

Opening Speech - Blueprint for Fishery Sustainability

J. Charles Fox
CEO of Oceans 5

Mr. Fox opened the symposium with a speech on the blueprint for fishery sustainability. He emphasized the importance of transparent and sustainable fishing practices and highlighted challenges such as illegal fishing and the need for fisheries management reforms.

Panel Session 1 - Techs to Sustainable Sourcing

Q&A of Panel Discussion

Tom Evans
Director of Key Traceability

Mr. Evans focused on the role of scientific analysis in sustainable fisheries, sharing insights on MSC assessments and Fisheries Improvement Projects (FIPs). He highlighted the benefits of certification and the influence of market demand on sustainable practices.

MSC’s 30% coverage is a baseline, with efforts to increase it. ETP species have higher requirements due to specific data needs. MSC aims to continuously improve standards, considering the diversity and challenges of fisheries under its purview.

MSC treats bait species as primary, subjecting them to standard assessments. Data includes usage and origin, but is limited for many bait species. New MSC versions require more data, influencing fisheries to collect better information.

Javier de la Cal
Sales Director Asia Pacific, Satlink

Mr. Javier de la Cal's presentation centered on the development of electronic observer technology, differentiating it from CCTV and explaining its comprehensive nature. He also discussed Satlink's collaboration with FCF in setting up electronic observers on vessels.

Cost varies by fishery type and data depth. AI implementation is discussed, but trust in AI results is cautious. Double verification remains essential, especially for ETP species, making cost reduction through AI challenging.

Reporting timeliness depends on data type and analysis depth. Efforts are made to provide data swiftly, with certain projects offering quicker data processing.

Hsiang Yi, Yu
Section Chief, Deep-seas Fisheries Division, Taiwan Fisheries Agency, Ministry of Agriculture

Ms. Yu focused on Taiwan's efforts in distant-water fisheries, discussing the collection of scientific data through vessel operational data and port sampling. The importance of human observers in data collection and fisheries management, particularly in complying with RFMOs' observer coverage regulations, was emphasized. ​

Alternatives to human observers are considered due to cost and difficulty. Data type determination and port sampling are methods used. Taiwan utilizes port sampling for additional scientific data.

Taiwan aims to develop a system suited to its unique fishing operations. Emphasis is on hardware compatibility and data analysis capabilities. Taiwan’s goal is comprehensive installation, currently focusing on CCTV implementation and ongoing data analysis development.

Panel Session 2 - Maintaining Marine Biodiversity

Q&A of Panel Discussion

Lauriane Escalle
Senior Fisheries Scientist, The Pacific Community

Dr. Lauriane Escalle discussed improvements in purse seine fish collectors, focusing on biodegradable and non-entangling FADs. She highlighted the impacts of these FADs on marine ecology and endangered species, aligning with conservation measures​.

A larger sample size in both the WCPO and EPO would indeed provide more reliable data to conclusively understand the impact of Jelly-FADs versus conventional FADs on catch weights. Limited observations can lead to initial trends, but they might not fully represent the actual scenario. Further research with more data points would help in making more definitive conclusions.

Biodegradable Fish Aggregating Devices (FADs), including Jelly-FADs, are being trialed with increasing interest from captains following positive U.S. fleet experiences. Companies are being encouraged to test these FADs, integrating scientific feedback. The Indian Ocean Tuna Commission (IOTTC) plans a transition to biodegradable FADs by 2030, with a potential mandate from the Western and Central Pacific Fisheries Commission (WCPFC) accelerating this shift within 5-10 years.

FADs have satellite buoys and echo sounders for real-time positioning and species identification. This technology is vital for comparing biodegradable and conventional FADs.


Hilario Murua
Senior Scientist, International Seafood Sustainability Foundation

Dr. Hilario Murua addressed sustainable practices for longline vessels, including bycatch species conservation measures, changes in fishing practices, and the use of specific gear to mitigate fishing impacts​​.

We’re already advising on reducing bycatch, especially in longline fisheries impacting blue sharks. Our focus is on safe, prompt release to boost survival rates. While bycatch is often incidental, we’ll enforce management measures for non-compliance, continuing to improve handling and release practices for sharks.

Vessels must adhere to a 20% data review rate for EMS standards. Being on our list means completing data analysis and submission processes, ensuring compliance with regional fisheries protocols.

Scott Pursner
Director of International Affairs, Taiwan Wild Bird Federation (TWBF)

Mr. Scott Pursner is a distinguished panelist renowned for his extensive work in bird conservation. As a key figure at the TWBF, he's been pivotal in addressing seabird bycatch issues globally. His expertise, particularly in collaborating with international organizations, has significantly contributed to mitigating bird bycatch through innovative strategies and impactful educational initiatives, showcasing Taiwan's role in global conservation efforts.

Yes, seabird bycatch is a significant global issue, particularly in Taiwan due to its major fishing activities. The Taiwan Wild Bird Federation, in collaboration with BirdLife International, has been addressing this since 2001. Efforts include international workshops, education, training in seabird identification, and bycatch mitigation techniques. Unique challenges faced by Taiwanese fleets, especially in regions like Asia, are being documented to contribute to the broader conversation on seabird bycatch. Recent experiments and collaborations provide valuable data to influence international policies and practices in this area.

Panel Session 3 - Establishing Seafood Traceability Mechanism

Q&A of Panel Discussion

Wu Hung
CEO, Environment & Animals Society of Taiwan (EAST)

Mr. Wu Hung explored changes in the fishery environment and the evolution of traceability systems, emphasizing the shift from economic benefits to social responsibility and the importance of transparency in fisheries management​.

We’re collaborating with FCF Co., Ltd. on a seafood traceability and transparency project to understand how influential traders like FCF track products and establish mechanisms. We’re also focusing on transparency in distant water fishing laws, and international cooperation to improve fairness in global import controls.

Gary Hsu
Project Manager, Bureau Veritas Taiwan

Mr. Hsu presented a case study on FCF's traceability mechanism, detailing the comprehensive system from fishing to processing plant. He emphasized the practical operation and management aspects of the traceability system​.

Food traceability covers the journey from the origin to the consumer. Our FSP project ensures traceability up to the unloading at ports. Post-unloading, factories handle freezing, processing, and packaging. Clients often use third-party verification for the factory-to-consumer stage, ensuring a complete supply chain traceability.

There are varying management levels among fishing vessels. We certify those ready in all aspects. If they’re not ready, we report the gaps and check compliance with standards.

Natalie Chin
Senior Sustainability Analyst, Bumblebee Foods

Ms. Chin discussed market-driven traceability expectations and the benefits of a robust traceability system, sharing insights on Bumblebee Foods' 'Trace My Catch' tool and its impact on consumer trust and market opportunities​.

Bumble Bee leads with ‘Trace my Catch’. ISSF standards require companies to either label the fish origin on the can or provide a consumer-facing website for sourcing data. It’s unclear if other companies have similar programs, but Bumble Bee is an industry leader.

The GDST’s KDE system is new in fisheries. There are gaps both legally and practically, which is why FCF collaborates with NGOs like EAST and EJF on Traceability & Transparency Projects to understand industry challenges and seek regulatory adjustments.

Embracing Our Shared Future

As we close this volume of our Company Update, we extend a heartfelt thank you to our stakeholders for your unwavering support and collaboration. Your contribution is vital to our journey towards a more sustainable and responsible future. We look forward to continuing this journey with you and are excited about the opportunities that lie ahead. Together, we will strive for continued excellence and positive impact in the seafood industry. Best wishes to all our stakeholders for a prosperous year ahead.

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