By making this commitment, your business is seeking to ensure that any of its activities that interact with the Ocean are considered within your corporate social governance framework.
Ideas for action
- Do an Ocean impact audit of your business activities and supply chain to see where the highest risks are within your business activities, with regards to negative impacts on the Ocean.
- Ensure full traceability of all products, particularly those from high-risk sectors, such as seafood.
- Collaborate with other like-minded companies to call for a level playing field so that businesses are better off without having to compete with companies lagging far behind on reducing greenhouse gas emissions, reducing their environmental impact and ensuring human rights due diligence.
- Assess what economic contribution a healthy Ocean makes to your business model.
Why? Ensuring your own business activities are sustainable and that your supply chain partners’ are too, you are not supporting environmental destruction or social exploitation indirectly or inadvertently. It also makes good business sense. Greater sustainability efforts help meet customers’ expectations, avoids the risks of negative public relations, attracts investors, and creates a healthy work environment for employees.
- UN Global Compact: unglobalcompact.org/what-is-gc/mission/principles
- Guide to traceability: unglobalcompact.org/library/791
- The B Team Governance and Transparency: bteam.org/planb/#drive-full-transparency
- Global Fishing Watch: globalfishingwatch.org
- Satellite Applications Catapult – Ocean Sustainability Business Unit: sa.catapult.org.uk/sitemap/commercial/ocean-sustainability/our-solutions/services