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Coller FAIRR Seafood Index

A comprehensive assessment of the largest seafood producers on critical risks and opportunities

Glossary

The following terms and abbreviations are used in the Coller FAIRR Seafood Index.

Term

Definition

AIP

Aquaculture Improvement Project

Algae oils

Plant-based oils, often produced from marine microalgae, that can be used as an alternative source of omega-3 fatty acids in aquafeed, food, or supplements.

Alternative proteins

Products and ingredients derived from plant-based or novel protein sources and processes such as traditional, biomass or precision fermentation and cell cultivation.

API

Active pesticide ingredient

Aquaculture

The controlled cultivation of aquatic organisms such as fish, shellfish, and seaweed, in freshwater, brackish, or marine environments.

Aquafeed

Specialised feed designed to provide required nutrients for farmed aquatic species.

ASC

Aquaculture Stewardship Council

BBNJ Agreement

Agreement under the United Nations Convention on the Law of the Sea on the Conservation and Sustainable Use of Marine Biological Diversity of Areas beyond National Jurisdiction

Biosecurity

Measures used to prevent the introduction, spread, and impact of diseases, pests, or invasive species in aquaculture or fisheries.

Bivalves

A group of shellfish with two-part shells, such as mussels, oysters, clams, and scallops. These typically feed by filtering phytoplankton, bacteria, and detritus from water.

Carbon sequestration

The process of capturing and storing carbon dioxide (or carbon-containing minerals), helping to reduce the amount of carbon in the atmosphere or water.

Carnivorous aquaculture

Aquaculture involving species that naturally eat other animals, such as salmon, trout, sea bass, or shrimp. When farmed, these often require protein-rich feed.

Cold chain

A temperature-controlled supply chain used to keep seafood and other perishable products fresh and safe from harvest through to consumption.

DCF

Deforestation- and conversion-free

Direct habitat conversion

The physical change or removal of natural habitats for production purposes, such as converting mangroves, wetlands, or coastal areas into aquaculture ponds.

Distant-water fishing fleets

Fishing vessels that operate within the 200-mile Exclusive Economic Zones of other countries or further offshore, in what is known as the high seas.

Ecosystem benefits 

Positive impacts that ecosystems provide to people and nature, such as water filtration, habitat creation, carbon sequestration and nutrient recycling.

Effluent discharge 

The release of wastewater or liquid waste from farms, factories, processing or other facilities into the environment. In aquaculture, this discharge may contain nutrients, chemicals, or organic matter.

FIP 

Fishery Improvement Project

Farmed aquatic animal welfare 

The wellbeing of aquatic animals under human care, focusing on providing proper environmental conditions, nutrition, and health, while minimising pain, stress, and suffering.

Fisheries

An area, oceanic or inland, where fish or other aquatic organisms are caught.

Fishmeal and fish oil

Ingredients made from wild-caught and processed fish. They are commonly used in aquafeed as they contain protein and omega-3 fatty acids.

GSSI

Global Sustainable Seafood Initiative

Hatcheries

Facilities where aquatic animals are bred, hatched, and raised during the early stages of life before being transferred to farms, stocking programmes, or sea cages.

HHP

Highly hazardous pesticides

Histamines 

Compounds that can form in fish, particularly when not kept properly chilled. High levels of histamines can cause food poisoning.

Integrated Multi-trophic Aquaculture

A farming system that cultivates multiple species, such as fish, bivalves, and seaweed, in the same location. Waste from one species provides nutrients to other species.

Land and ecosystem conversion 

The change of natural or semi-natural land into production systems, such as aquaculture ponds, feed crop farms, or seafood infrastructure.

Macroalgae 

Commonly referred to as seaweed.

Marine food webs 

The feeding relationships among marine organisms, showing how energy and nutrients move from smaller organisms, such as plankton, to larger predators.

Marine litter

Human-made waste found in marine ecosystems or coastal environments. This can include fishing gear, plastics, packaging, and other discarded materials.

Microbial biomass 

The mass of organisms such as bacteria, yeasts, fungi, or microalgae that can be used as a source of protein.

MPA

Marine protected area

MSC

Marine Stewardship Council

Non-feedstock inputs

The wide range of materials and infrastructure utilised prior to fish growth. Relating to traceability within the Seafood Index, this is primarily focused on the eggs of farmed species within an aquaculture system.

Novel feed ingredients

New or less commonly used ingredients that can be added to feed formulations to reduce other commonly used ingredients, such as fishmeal and fish oil. This includes algae oil, microbial proteins, or plant-based alternatives.

Nutrient loading 

The addition of nutrients, often nitrogen and phosphorus, to water bodies. Excessive nutrient loading can contribute to algal blooms and water quality problems.

Overfishing

The capture of fish faster than populations can reproduce and recover, leading to reduced fish stocks and marine ecosystem degradation.

Point of origin

The location where fish, seafood, aquafeed or related goods originate or start their journey, such as a vessel or farm. Within the Seafood Index, traceability only to the country or fishery level is not considered sufficient to establish the true point of origin.

Prophylactic antibiotics

Use of antibiotics as a preventative measure, rather than treatment, for diseases, infection, or unwanted outcomes.

Protein diversification

The use of a wider range of protein sources, including alternative proteins, to reduce dependence on conventional ingredients and products.

Recirculating aquaculture system

A land-based aquaculture system in which water is treated and reused within the production system through continuous filtration and recirculation processes.

Resource-intensive aquaculture

Aquaculture that requires high levels of inputs such as feed, water, energy, land or chemicals, relative to the amount of seafood produced.

Salmonids

A family of fish that includes salmon, trout, and char. These species are commonly farmed commercially in aquaculture systems.

Seafood traceability

The ability to track where seafood products come from and how they move through the supply chain, from harvest or farm to final sale, including information on farm and vessel-level origin, species, and production method.

Single-cell proteins

Proteins produced from microorganisms such as bacteria, yeast, fungi, or microalgae. These can be used as alternative feed ingredients in aquafeed.

Solid waste 

Non-liquid waste materials produced by human activities. In seafood production this may include packaging, sludge, shells, or processing waste.

Stocking density

The number or weight of farmed animals kept within a given area or volume of water. High stocking density can affect animal welfare, water quality, and disease risk.

Unfed aquaculture

Aquaculture systems where farmed species do not require added feed, such as many bivalves or seaweeds, as they obtain nutrients directly from the surrounding environment.

Water filtration 

The removal of particles, nutrients, or impurities from water. In unfed aquaculture, shellfish can filter particles from water as they feed.

Water-scarce regions

Areas where available freshwater resources are limited compared with the demand from people, agriculture, and ecosystems.

Wild-capture (or capture) fisheries

The harvesting of wild aquatic organisms from oceans, rivers, lakes, or other natural water bodies.


Disclaimer

The Coller FAIRR Seafood Index (the “Index”) referred to herein is published by the Farm Animal Investment Risk & Return Initiative (the “FAIRR Initiative”) for general informational purposes only.
The Index has been compiled based on information made publicly available by the companies referred to therein or from other public sources, which has not been independently verified, and neither the FAIRR Initiative nor the Jeremy Coller Foundation takes any responsibility for any such information. Neither the FAIRR Initiative nor the Jeremy Coller Foundation (1) makes any representation or warranty regarding the accuracy, reliability or completeness of this report, the Index or any information or (2) assumes any obligation to correct, update or supplement this report, the Index or any information. There can be no assurance that the Index or related reports or information will continue to be available, and publication of the Index and related reports or information may cease at any time, with or without notice.
The information provided on the terms and subject to the conditions stated herein or applicable to users of any website or other medium through which it is made available. Neither this report nor the Index nor any other information contained herein (1) constitutes advice, an endorsement or a recommendation of any kind or (2) should be used as a basis for making any investment or any other decision. Without limiting the generality of the foregoing, neither this report nor the Index or any other information contained herein (1) constitutes legal, regulatory, financial, tax, investment or other professional advice of any kind or (2) is intended or may be interpreted as, an attempt to market or sell any financial instrument. Recipients of this report have to seek their independent advice and may not rely on the FAIRR Initiative or the Jeremy Coller Foundation for any purpose.

Communicating about the Coller FAIRR Seafood Index

The Net Maturity Score an organisation receives in the Coller FAIRR Seafood Index illustrates the understanding and preparedness of the company to manage sector risks and opportunities. Companies with higher scores can still be affected by financially material events. The scores illustrate whether the company can reduce the likelihood of such events and respond effectively should they happen. The Net Maturity Score does not indicate that the company or its protein sources are sustainable.
References to the Coller FAIRR Seafood Index should not imply any endorsement, partnership, or accolade from FAIRR regarding an organisation. When communicating on scores companies should provide a link to the FAIRR website. Companies are not permitted to use or publish the FAIRR logo alongside these descriptions on websites, on any type of label or product packaging, or in any marketing used to promote a specific food product.