Feeding the future
- “When eFishery was founded in 2013, our main goal was to be impactful,” shared Gibran Huzaifah, Co-founder & CEO. “Our long term purpose is to solve world hunger problems through aquaculture, provide radically affordable technology to tackle fundamental issues and build a truly inclusive digital economy that reduces inequalities.”
- 10 years in, the 500-backed team remains committed to this goal. Here are some highlights from their inaugural sustainability report and impact report for 2023 to show for it:
- US$701.6M in revenue
- 91% increase in farmers’ income
- US$42.4M in financing disbursed to 15,191 farmers, recording a 47.7% year-on-year (YoY) growth
- 242+ kilotons of fish and shrimp sold and traded, with improved traceability systems in place
- 369,292 ponds connected with technology
- 222.5 kilotons of feed saved through the use of their smart feeders
- 44,000+ farmers and farmers groups in eFishery’s network, recording a 191% YoY growth in farmer membership
- Moving forward, eFishery’s ESG commitments include:
- 1 billion kilograms of feed saved by 2040
- 100,000 farmers groups connected by 2030
- 100,000 farmers receive financing by 2040
- Achieve net zero emissions by 2060 through ongoing and rigorous greenhouse gas (GHG) reduction initiatives across all aspects of operations
- Eliminate hunger and enhance food security in 100 regions by 2050
- Support 1 million community members by enhancing food security and eliminating hunger through sustainable aquaculture initiatives by 2050
- Want to get involved? The company shared, “We invite you to join forces with eFishery to drive transformative change in aquaculture through strategic partnerships. By investing in our innovative solutions or providing impact investment, sharing resources, co-funding, or grants, you can help scale up sustainable aquaculture practices that benefit farmers, communities, and the environment.”
- Read the full sustainability report and impact report here.
