As a member of the UN Global Compact, ME&A supports the Global Compact Action Platform for Sustainable Ocean Business focusing on growth, innovation, and sustainability to find ways to best protect the health of the ocean. We support mobilizing the private sector to take tangible action, make investments, and form partnerships to leverage the ocean as a resource to deliver the Sustainable Development Goals.
The world’s oceans are our greatest common resource to create growth and jobs in areas including food, energy, minerals, and transport. But threats such as overfishing, marine litter, and acidification have put the health of the world’s oceans in a very fragile state. Recent studies indicate that more than 50 percent of the world’s fish stocks are fully exploited. By 2050, the oceans are expected to contain more plastic than fish, and more than 90 percent of coral reefs are at risk of dying off.
Tackling the ocean challenge is a global imperative, and the private sector can play a significant role in ensuring this crucial resource is sustainably managed. By contributing to its research, development, and deployment capabilities and providing new products, services, and business models, companies can negate harmful impacts on ocean ecosystems and contribute to their restoration.
For more information on the Global Compact Action Platform for Sustainable Ocean Business, please visit https://www.unglobalcompact.org/take-action/action-platforms/ocean. Fore more information on joining the UN Global Compact, please visit https://www.unglobalcompact.org/participation/join/application.