The project was awarded a recognition alongside 499 other projects at Premios Verdes’ 10th edition in January 2023.
Ecuador’s Small Pelagics FIP, developed by the Ecuadorian National Chamber of Fisheries with the support of the Vice Ministry of Aquaculture and Fisheries and the Ecuadorian Public Research Institute of Aquaculture and Fisheries, was awarded a recognition alongside 499 other projects at Premios Verdes’ 10th edition in January 2023. The project was in competition with 3,026 projects from 795 cities in 33 countries and qualified as part of the Habitat and Ecosystem Conservation category.
Premios Verdes is an Ecuadorian initiative with a global scope, which started in 2013 within the International Environment Summit (CIMA) framework. Its ambition is to find, connect and amplify changemakers across the world.
Sixteen Ecuadorean fishing and processing firms, two traders and four international feed producers signed up in 2018 to take collaborative action within the Ecuador FIP. The aim was to improve management of the small pelagic fishery in Ecuador, demonstrate sustainability and become eligible to join MarinTrust’s Improver Programme.
A major benefit of the small pelagics FIP is that several local fishmeal and fish oil-producing companies have achieved recognition by the MarinTrust Improver Programme and increased their competitiveness in the world market. Others are working towards it as there is also a growing need to provide certified feed for the country’s growing shrimp industry. In this respect, the work of the FIP has also been connected to that of Ecuador’s Sustainable Shrimp Partnership (SSP), set up by the country’s largest players who are committed to transforming the future of the sector.
The project had a rating of 93.44 points out of 100, with excellent comments from Premios Verdes’ International Technical Commission.
“The proposal has many strengths, including the interlinking of strategic actors, belonging to different stages of the value chain. In addition to the government’s participation and international cooperation, clarity is given on the direct and indirect impacts, and the proposal of a fishing business model, associated with the promotion of the value chain. Adding climate components can open up new sources of financing.”