Borsea is a sub-brand of Servigrup, one of the largest fishing companies in Ecuador.¹ Its fleet comprises eight fishing vessels, all flying an Ecuadorian flag – the Yolanda L., Malula, Rossana L., Fiorella L., Domenica L., Pomeni, Panchito L., Claudia L., and Emilia.²

In 2018, Borsea joined the Ecuador small pelagics Fishery Improvement Project (FIP), a program that claims to help make participating fisheries more sustainable.³ Plants and their parent companies routinely use involvement in FIPs and other such programs to evidence their environmental stewardship, even when participation in them does not result in actual improvement in the health of the relevant fishery. As of 2024, Borsea remained as part of the Fishery Improvement Project, despite the decline of these species in the region.⁴ Subsequently, critics have questioned whether the FIP makes genuine progress toward better fishery management or if it is merely a form of greenwashing.

Borsea S.A. did not respond to a request for comment.⁵