In the Marshall Islands, a chain of small islands in the middle of the Pacific Ocean between Hawaii and the Philippines, the economy relies heavily on the tuna industry. But foreign fishing companies dominate the market, and the country only earns a fraction of the total value of the fish caught off its shores, and a minuscule percentage of the total $26 billion global industry. It’s also hard to control illegal fishing, leading to the reduction of local fish stocks.
To try to get more value from its natural resources—and also manage them more responsibly—the government decided to form an unusual partnership: The country and the nonprofit Nature Conservancy just launched a tuna company of their own. All of the profits will go back to the community for conservation, climate adaptation, and sustainable economic development.
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https://www.fastcompany.com/90682926/why-the-marshall-islands-started-a-tuna-fish-company