January 10, 2016
The Isda Strategy : An Investment Blueprint for Small-Scale Fisheries in the Philippines
Publisher: Encourage Capital
Funders: Rockefeller Foundation, Bloomberg Philanthropies
Authors: Kelly Wachowicz, Trip O’Shea, Alex Markham
Encourage Capital has worked with support from Bloomberg Philanthropies and The Rockefeller Foundation to develop an impact investing strategy supporting the implementation of sustainable fishing practices in a portfolio of small-scale fisheries in the Philippines. The Isda Strategy1 is a hypothetical $11.7 million impact investment to protect and restore small-scale fisheries spanning 80 communities across the Philippine archipelago and at least 20 species. The $11.7 million would fund the implementation of fisheries management improvements across both pelagic and nearshore fisheries, and be used to expand a seafood processing and distribution company producing premium seafood products, sourced from small-scale fishers, for both domestic and export markets. The Isda Strategy has the potential to generate a 20.7% base case equity return, while simultaneously protecting the multispecies stock biomass from current and future overfishing, enhancing the livelihoods of up to 19,000 fishers across 80 fishing communities, and safeguarding the supply of 6.7 million meals-to-market annually.