Every second breath we take comes from the ocean. Connected to all life on this planet, the ocean is our greatest global common, uniting both people and nations. How we protect and manage the ocean will determine much of our success towards delivering the Sustainable Development Goals by 2030, and businesses that are connected to the ocean have a critical role to play.
Today, more and more businesses around the world are taking an interest in ocean sustainability. The UN Global Compact Action Platform for Sustainable Ocean Business brings diverse companies, civil society organizations and Governments together with the UN to find new ways for companies to navigate the ocean challenge, using our Ten Principles on human rights, labour, the environment and anti-corruption as their North Star.
The Action Platform has developed the Sustainable Ocean Principles in order to emphasize the responsibility of businesses to take necessary actions to secure a healthy ocean. The nine principles cover three areas: ocean health and productivity, governance and engagement, and data and transparency. Signatories confirm their endorsement of the principles and commit to integrating the framework provided for responsible business practices in the ocean. Private sector commitments such as these are critical steps in the lead-up to the 2020 UN Ocean Conference. The principles will be officially launched on September 23 during the UN General Assembly.