In its letter MSC has responded to the article from Intrafish that “The Marine Stewardship Council (MSC) does not hold $41.8 million in cash reserves. The figure quoted in [the] article amounts to net assets of the MSC Group, not cash held in the bank nor our organisational reserves. MSC’s unrestricted reserves as of March 2019, were $33.2 million – 35 percent lower than the $41.8 million cash figure cited in your commentary.” ……”Our reserves of $33.2 million are equivalent to 10 months of what we budgeted to spend in 2020/2021.”
