Icelandic Cod fishery re-certified

ON 13 October 2014, an independent certification committee of Global Trust/SAI Global awarded re-certification to the Icelandic Cod (Gadus morhua) fisheries to the FAO Based Icelandic Responsible Fisheries Management Specification.
Certification demonstrates that the fishery is managed in a responsible manner according to internationally recognised criteria and is a testament to the continued development of Icelandic fisheries.
The certification is based on the Icelandic Responsible Fisheries Management Specification. The assessment was in accordance with the third party, ISO65 accredited system of Global Trust/SAI Global Certification and provides a credible and independent certification of responsible fisheries management.
The assessment included a thorough review of the Icelandic fisheries management system including; the management rules, ITQ system and stock assessment.
The assessment concluded that the management system and harvest control rule (HCR) adopted a precautionary approach, allowing for responsible harvesting and careful treatment of the ecosystem.
Cod is the single most important fish species for the Icelandic economy, with 32 per cent of the export value of marine products.
The cod quota for the current fishing year (Sept 2014-August 2015) is 216 000 tonnes, and the stock is healthy as can be seen in The Marine Research Institute’s annual stock status report.
The final certification report will be made available on the IRF website shortly.