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CSR Minute February 5, 2010: Target + Safeway Sell Sustainable Seafood;Palestine Investment Fund

Target has announced that it will no longer sell farmed salmon in its stores, offering instead only wild-caught Alaskan salmon products. Environmental groups have been critical of open net-pen salmon farms, which release pollution, chemicals, and parasites into the surrounding ocean. In a related development, Safeway has announced a partnership with marine conservation group FishWise to develop and implement a comprehensive sustainable seafood policy. Safeway will also implement a traceability system to screen out suppliers who do not conform to its new policies, and will discontinue sales of species at risk from overfishing. The Palestine Investment Fund and Abraaj Capital have announced a $50 million dollar private equity fund, the first of its kind dedicated to the Palestinian economy. The fund will focus on investing in small- and medium-sized Palestinian enterprises—SMEs—across a range of sectors and stages of maturity. SMEs account for more than 95 percent of enterprises in Palestine, 84 percent of private-sector employment, and 55 percent of gross domestic product. The PIF is a publicly owned investment fund which aims to develop the Palestinian economy through strategic investments. Abraaj is the largest private equity group in the Middle East and North Africa, with offices in six countries. For more information on these and other stories, go to thecsrminute.com. For more information on today's sponsor, go to Jaffe Management.

3BLMedia

Uploaded By: 3BLMedia

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