Many of these DWF vessels engage in IUU fishing especially in global South countries which cannot effectively monitor their waters and enforce regulations, and are prone to corruption.09 Despite the scale of IUU fishing however, strikingly very little is known about the real owners of vessels involved in this destructive practice, due to a shady web of financial secrecy and complex corporate struc. [...] We then analysed the vessels’ beneficial owners and ultimate owners and shareholders at the time of the reported offenses, using the S&P Lloyd’s Global IHS Markit dataset,12 cross-checking the vessel data with Moody’s Orbis database, considered the largest dataset of companies in the world, and supplemented with ownership data from government agencies and reputed organisa- tions such as Greenpeace. [...] This report connects the issue of IUU fishing to fighting hunger, as 820 million peo- ple depend on fish for their livelihoods, many of whom live in global South countries, This report aims to already impacted by Covid-19 and the global food crisis brought about by the war shed light on this in Ukraine. [...] carrying out the largest IUU fishing also impacts climate change since this phenomenon is causing fish to analysis of IUU fishing migrate to more temperate waters, impacting the fish stocks in the parts of the ownership data to date world around the tropics which are most food insecure and more dependent on artisanal fishing for protein, and are most affected by IUU fishing. [...] In addition, the G7 Climate and Environment Ministers’ Communiqué released in May 2021 welcomed “discussions by Finance Ministers on strengthening beneficial ownership trans- parency to better tackle the illicit financial flows stemming from illegal wildlife trade (IWT) and other illicit threats to nature.”17 The United States, EU, and Japan which are all part of the G7 represent 55 percent of the.
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- 10
- Published in
- United States of America
