Overview
Oceans and fisheries support the global population's economic, social and environmental needs. They are the source of life on the planet and the global climate system regulator, and they are the world's largest ecosystem, home to nearly a million known species. Oceans cover more than two-thirds of the earth's surface and contain 97% of the planet's water. Rainwater, drinking water and climate are all regulated by ocean temperatures and currents, and they are essential for making the world livable. Over 3 billion people depend on marine life for their livelihood.
The oceans, seas and marine resources are threatened by pollution, warming and acidification, disrupting marine ecosystems and the communities they support.
In some instances, improved regulation with effective monitoring and surveillance has successfully restored overfished stocks to biologically sustainable levels. However, the adoption of such measures has generally been slow, especially in many developing countries.
Business Opportunities & Benefits
• A focus on marine sustainability can enhance supply chain resilience by reducing reliance on unsustainable practices and mitigating risks associated with resource depletion.
• Sustainable practices can lead to reduced operational costs, such as lower energy consumption and waste generation.
• Consumers are increasingly conscious of ethical and sustainable practices. Businesses that prioritise SDG14 can attract a broader customer base and gain a competitive advantage.
• Addressing environmental challenges related to marine ecosystems can help mitigate risks associated with climate change, natural disasters, and regulatory changes.
