FCF CO., LTD

FCF is one of the largest tuna traders in the world. They are. They are one of the largest integrated marine industry supply-chain service providers. They have more than 30 subsidiaries. FCF Co. Responsibility for FCF’s sustainable development lies with the Task Force Team, which sends weekly reports to the chief executive officer/chair and president, with whom accountability for and oversight of the company’s sustainability strategy lies. There is an opportunity for the company to demonstrate whether sustainability objectives and targets are linked to roles and remuneration. While FCF has conducted stakeholder engagement activities and discloses an overview of the issues raised via these activities, it has an opportunity to disclose how it identifies its most relevant stakeholders, along with information on how the outcomes of the engagement process are integrated into the company’s sustainable development strategy. FCF discloses targets and quantitative evidence to demonstrate that it is reducing its scope 1 and 2 GHG emissions, but only for its subsidiary Clover. It has an opportunity to strengthen its commitment by setting targets and reporting progress against them for the whole group. FCF does not disclose that it is addressing key animal and aquatic welfare issues for its relevant key species in its value chain. It can also disclose quantitative data to demonstrate that it is reducing food loss and waste in its own operations and supply chain. While FCF commits to prohibiting forced labour in its own operations and requires its suppliers to adhere to the same standard, it has an opportunity to disclose a requirement that prohibits its suppliers from restricting workers’ freedom of movement. While the company indicates a mechanism to raise complaints or concerns, it is unclear if anonymity is mandatory or optional. Further, the company does not have a publicly available policy statement committing it to respect human rights. Lastly, no sufficient details on the processes for identifying, assessing and acting on human rights risks and impact were found in the public domain

FCF commits to respecting the health and safety of workers but does not disclose quantitative information on the topic. Regarding working hours, the company does not disclose that workers shall not be required to work more than 48 hours in a regular work week or 60 hours including overtime. No information on paying a living wage or collective bargaining practices, workforce diversity or a sufficient commitment to women’s empowerment were found in the public domain. , LTD. is an integrated supplier of pelagic fish, specialising in tuna. While the company does not have a fleet of its own, it has access to a network of 250 associated fishing vessels. also trades and processes seafood and offers supply chain services, such as cold storage and logistics, as well as other provisions. is engaged in policy advocacy activities both individually and collectively which aim to improve fisheries in the regions where it operates. One activity includes participating in the Seafood Task Force, in cooperation with the Thai Government, to endorse measures from the International Labour Organization (ILO). The company also works with the Taiwan Fisheries Agency to consult on new legal requirements for fishing vessels. has a robust internal system to monitor the legal origins of its marine ingredients that includes a three-step verification process. uses a procurement check list to ensure all vessels are authorised by the regional fisheries management organisations (RFMOs) and have obtained the necessary fishing licenses. Next, it passes verification to the illegal, unreported and unregulated (IUU) fishing control team that ensures that no policy violations have occurred. Finally, it conducts internal audits periodically to confirm and enforce compliance with these measures. defines IUU fishing based on European Union legislation, applying the term to all of its sourcing activities. commits to respecting human and labour rights. states that it is actively working to establish a policy protocol programme for its tuna suppliers, which would include a robust internal monitoring system, the company has not disclosed its approach. This policy acknowledges the company’s need to protect the environment and, more specifically, sustainably manage its sourcing activities. However, the sustainability policy lacks time-bound and forward-looking goals as well as quantifiable and comparable data on key environmental and social metrics. could place a greater emphasis on reducing its environmental footprint, either directly or indirectly. Its Full Retention Policy to reduce food loss and waste is one example that FCF CO. can take into account the significant leverage it has to encourage sustainable behaviour throughout its supply chain