Overview

Ocean-based industries such as fishing, aquaculture, renewable energy, shipping and tourism are key contributors to the global economy. However, these industries can also pose risks to the environmental sustainability and biodiversity of the ocean. While many businesses are strongly focused on responsible ocean practices and supply chains, there are many who are not yet taking action. As well as harming the ocean, unsustainable practices and overexploitation of marine resources put these businesses at risk. As rule of law on the seas and policy protections at scale for vulnerable ocean ecosystems can be weak, there is additional risk to people and the planet.

Solutions and technologies exist to restore ocean health and create both socio-economic and ecological value. Industry leaders are already driving change across supply chains, amid growing demand from both investors and governments for a shift to sustainable blue activities. Much work is required to scale the solutions, with collaboration needed between industry, governments, investors, civil society and scientific organisations.

This Insight Hour will identify how business can be a key driver behind restoring the regenerative capacity of critical ecosystems. For example, speakers will share a science-based approach to coral restoration and outline how industry can help to create a market for sustainable seafood. The session will highlight how business can engage with local communities to benefit ocean ecology.

Key talking points:

• How can collaboration and partnerships be encouraged between science, industry and local communities?
• How will a science-based approach to ocean restoration and conservation generate business participation?
• What will encourage local communities to engage in ocean restoration projects?
• How can business help to support livelihoods throughout the supply chain?