Tassal: fish hit the fan
Interesting ABC Four Corners expose on Tassal Ltd (ASX:TGR) and their “sustainability practices”. We were keen on salmon farming as a replacement to deep sea over-fishing, but became aware of these concerns from several of our shareholders (see Aquaculture: too much of a good thing) . We divested of our significant holding in Tassal and have not been an investor since April 2016.
This illustrates just how tricky achieving a sustainable balance can be. In Tassal’s case it does indeed seem to be “too much of a good thing”, with overstocking damaging the very environment that the farmed fish have to endure. Yet bizarrely the operations continue to expand, indicating an extremely short term approach to their business.