Green Practices Guideline for Fisheries Sector

By adopting these green practices, the fisheries sector in Malaysia can enhance environmental sustainability, protect fish stocks and habitats, support local communities, and contribute to the achievement of national and global sustainability goals. SECTOR IDENTIFICATION PREPARATION AND TARGET SETTING LEADING INDICATORS & SUSTAINABILITY PERFORMANCE IDENTIFICATION SELF MONITORING & REPORTING GREEN STRATEGIC ACTION IMPLEMENTATION & OUTCOMES GREEN RECOGNITION & CERTIFICATION PERFORMANCE EVALUATION 3.3 WAY FORWARD To remain competitive and contribute to environmental protection in the fisheries sector, businesses must proactively adopt green practices and integrate ESG factors into their operations. This includes implementing sustainable fishing practices, disclosing ESG initiatives, transitioning to renewable energy sources for fishing vessels, reducing carbon emissions, and exploring green financing and investment opportunities. The integration of ESG disclosure in the fisheries sector allows companies to communicate their environmental initiatives, such as implementing sustainable fishing techniques, reducing bycatch, protecting marine habitats, and promoting responsible aquaculture. Effective ESG disclosure enhances a company’s reputation, attracts socially conscious investors, and ensures compliance with regulatory requirements. By considering ESG factors alongside financial performance, the fisheries sector can assess its environmental impact, social responsibility, and governance practices. This holistic approach ensures alignment with sustainable development goals, investor expectations, and industry requirements, strengthening the long-term sustainability and resilience of businesses. Embracing ESG factors and integrating green practices in the fisheries sector not only demonstrates environmental stewardship but also provides a competitive edge in the market. By adopting sustainable fishing practices, reducing environmental impact, and addressing ESG considerations, businesses can secure their long-term viability, attract investment, and contribute to a sustainable and resilient fisheries industry. 50 GREEN PRACTICES GUIDELINE FOR FISHERIES SECTOR (AQUACULTURE)