Regal Springs has joined the Environmental Footprint Working Group in Aquaculture led by IDH, an initiative to take concrete measures to reduce the carbon footprint in the aquaculture industry. In doing so, IDH's primary goal is to effectively measure and reduce the environmental footprint of Regal Springs' aquaculture products.
The world is facing increasingly significant challenges. The growing global population and rising consumption are exerting pressure on the natural environment, while climate change threatens the ecosystems within which the aquaculture industry operates.
Therefore, Regal Springs aims to take a step further in environmental improvement by collaborating with IDH, the working group focused on addressing environmental footprints throughout the fisheries sector, encouraging major feed producers and retailers to participate in this effort.
Currently, Regal Springs is in the process of testing a tool developed by IDH, Blonk Consultancy, and the working group to measure its carbon footprint. Based on this measurement and the assessment of other impacts on its production in Honduras, changes will be initiated.
According to the information provided by the initiative, the results of these tests are expected before the end of the 2023 to use the insights gained to make collective changes and improvements in collaboration with the working group.
As explained by the initiative, aquaculture has the potential to provide healthy and high-quality food with a reduced environmental impact. However, the carbon footprint of aquaculture production varies significantly based on feed types, cultivation systems, and countries. Therefore, the Aquaculture Working Group has set out to develop and apply a consistent methodology for organizations to calculate their carbon footprint in aquaculture and apply it to all stages of the supply chain, from feed ingredients to retail.
Furthermore, Regal Springs' participation in this working group is particularly relevant. This is because retailers in the U.S. and the European Union are adopting measures to meet their carbon reduction goals. As a support mechanism, this working group offers an opportunity to accelerate efforts in the fisheries sector.
Typically, the companies involved in this group represent various stages of the supply chain and are actively working to reduce their own carbon footprints. This ultimately contributes to the established reduction goals for retailers.
Regal Springs is a leading producer of sustainable and responsibly farmed premium tilapia, headquartered in Zürich. Their tilapia earns recognition for its natural excellence due to their practice of feeding it a rich vegetable diet and cultivating it in deepwater lakes in Mexico, Honduras, and Indonesia. This commitment to high standards sets their fish apart. Their premium seafood holds certifications from organizations such as the ASC, BAP, British Retail Consortium, among others. Regal Springs founded itself with a mission of 'doing well by doing good,' and they continuing today. Furthermore, they have a strong commitment to the 'blue food movement' and a variety of community and environmental welfare projects.
Through collaborative innovation, convening, and investment, IDH dedicates itself to transforming markets by fostering inclusive and sustainable solutions. Their approach involves bringing together committed stakeholders from global value chains to develop joint visions and program for sustainable trade. With an international presence, IDH has successfully mobilized private sector investment and support over 15 years. For that reasonm IDH's initiatives create innovative models for better jobs, higher incomes, a greener environment, and gender equity worldwide.