The Meloy Fund – Financing the Transition to Sustainable Fisheries

Meloy Fund
Published: 09 August 2021
Last edited: 12 August 2021
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Summary

The Meloy Fund for Sustainable Community Fisheries is an impact investment fund that incentivizes the development and adoption of sustainable fisheries by investing in small and medium-sized enterprises (SMEs) that support the recovery of coastal fisheries in Indonesia and the Philippines. In doing so, the Fund and its investees pursue a triple bottom line strategy: ensuring positive financial, social, and environmental outcomes.

 

Companies that impact the coastal fishery need to respond to long-term stresses on their supply chains, uncertain regulatory environments, and shifting consumer tastes. To compete, these SMEs need both capital and a partner to help them transition their business models for sustainability and financial success. In this way, the Meloy Fund brings a comprehensive partnership that transforms the businesses in which we invest, sustains the natural resources on which they depend and ensures that a portion of business returns benefit local fishers.

Classifications

Region
Southeast Asia
Scale of implementation
Multi-national
National
Ecosystem
Coral reef
Mangrove
Marine and coastal ecosystems
Seagrass
Theme
Species management
Sustainable financing
Challenges
Tropical cyclones / Typhoons
Unsustainable harvesting incl. Overfishing
Lack of alternative income opportunities
Lack of technical capacity
Lack of public and decision maker’s awareness
Poor monitoring and enforcement
Sustainable development goals
SDG 1 – No poverty
SDG 14 – Life below water
Aichi targets
Target 4: Sustainable production and consumption
Target 6: Sustainable management of aquatic living resources
Business engagement approach
Direct engagement with a company
Direct engagement with associations

Location

Indonesia | Philippines
Philippines

Impacts

Social:

Meloy Fund’s portfolio companies are currently positively impacting 40,243 coastal community members, by:

  • Increasing incomes
  • Contributing to stable and predictable earnings
  • Improving equitable distribution of profits
  • 50% of current portfolio companies are women-led

Environmental:

Meloy Fund’s portfolio companies source from 328,132 ha of critical coastal habitat in the Coral Triangle, in which they:

  • Implement new responsible sourcing practices
  • Catalyze or participate in improved management through new or existing Fishery Improvement Projects (FIPs) or similar fishery sustainability standards.

Contributed by

Veronica Yow Meloy Fund