FCF Co., Ltd.

F.C.F. Fishery is a vertically integrated provider of frozen tuna and squid. Founded in Taiwan in 1972, FCF has grown steadily and today has established more than 30 subsidiaries, fishing bases and shipping agents around the world. In 2020, F.C.F acquired Bumble Bee Foods, a United States-based company and a large-scale producer of canned tuna and other shelf-stable seafood products.

Baseline assessment

Environment

Room for improvement

Nutrition

Room for improvement

Social inclusion

Started the journey

Summary

FCF Co. Ltd. (FCF) shows some recognition of its role as large seafood company, publicly disclosing several commitments in the social inclusion dimension. However, it can significantly improve its reporting in the environment and nutrition dimensions. The company has a sustainable tuna policy in which it commits to sustainable fisheries and responsible sourcing. It also has a statement on ghost gear, which contributes to a reduction in the use of plastics, but it does not disclose time-bound targets or policies on important environmental impact such as GHG emissions or minimising freshwater use. As one of the largest players in the seafood industry, FCF plays an important role as supplier of seafood products with essential vitamins and minerals as part of a healthy diet. Therefore, there is substantial room for improvement when it comes to reporting on nutrition. In its sustainable tuna policy, the company commits to preventing child and forced labour, ensuring health and safety in its own operations and supply chain and supporting local livelihoods. It also discloses the results of the social audits conducted as part of its social responsibility programme. FCF can improve in the social inclusion dimension by committing to pay a living wage.

Food and Agriculture Benchmark

The Food and Agriculture Benchmark will assess 350 keystone companies on the issues underpinning the food system transformation agenda. The benchmark’s aim is to stimulate companies to apply sustainable business practices throughout their operations as well as use their influence to encourage value chain partners to do the same. WBA has organised the food and agriculture value chain into six sub-sectors. These sub-sectors are also reflected in the methodology framework.

Food and agriculture revenue
USD 1,372,358,217
Food and agriculture revenue USD
USD 1,372,358,217
Onwnership structure
Private
Number of employees
n/a

Value chain sub-sectors

Other benchmarks

The company is also included in the following benchmarks developed by WBA and our Allies. These benchmarks help to deepen our understanding on key issues and industries.