Governments, the media and NGOs continue to document issues of social and environmental abuse in global shrimp and tuna supply chains. Since 2014, pressure from Governments, the media and NGOs has been unabating. The Seafood Task Force was specifically formed in 2014 to tackle these issues and help restore global market confidence to trade.
“It’s not common for NGOs to be part of organisations like STF, but what the Task Force does is meaningful and effective – a real example of what works.”
The commercial and reputational consequences for companies not meeting international social and environmental standards can be devastating. Seafood companies are now facing a new wave of legal actions especially in the US and Europe requiring them to engage supply chains differently and exposing unprepared companies to legal liability, investor actions and reputational harm.
Supply Chain Disruption
US forced labor import ban
Pending EU & US deforestation import bans
Pending EU due diligence requirements
Climate Reporting Duties
EU Sustainability Reporting Directive
Pending US SEC and federal contracting climate reporting requirements
Marketing being challenged by Greenwashing Litigation
New Duties & ESG Litigation
Growing pressure to clarify board fiduciary duties and climate
Global ESG litigation is on the rise
Legal repositories to track developments and advise when they become materials, publish best practices
Resources on the ground to oversee and provide evidence of appropriate practices
Collaborations to pull key supply chains together and accelerate action
Clarity in competition law to reduce collaboration risk