OSLO, Norway, October 22, 2019, /3BL Media/ — 30 companies and institutional investors have signed up to the UN Global Compact Sustainable Ocean Principles committing to take action to secure a healthy and productive ocean.
The signatories to the principles include the container ship and supply vessel operator A.P. Møller – Mærsk, food and beverage company PepsiCo, and Norges Bank Investment Management, which manages one of the world’s largest funds with over US$ 1 trillion in assets.
“The rapid deterioration of ocean health, which deeply affects biodiversity, coastal communities and the health of the planet, must be urgently addressed,” said Lise Kingo, CEO and Executive Director of the UN Global Compact. “The deterioration is caused by human activity, and we need to create a tipping point where a critical mass of businesses use their capacity and competence to solve this challenge.”
The Sustainable Ocean Principles were developed by the UN Global Compact Action Platform on Sustainable Ocean Business in consultation with stakeholders from the private sector, NGOs, academic institutions and UN agencies. In committing to the nine principles, companies pledge to take action to prevent pollution, manage their use of marine resources to ensure long-term sustainability, and be transparent about their ocean-related activities and impacts.
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