MSC Signs the UN Global Compact Sustainable Ocean Principles
As announced by the United Nations Global Compact at the UN Ocean Conference held this week in Lisbon, Portugal, MSC is pleased to join over 150 stakeholders in signing on to the UN Global Compact Sustainable Ocean Principles.
Building on and supplementing the Ten Principles of the UN Global Compact on human rights, labour, environment and anti-corruption – which MSC has long supported and embedded across its operations – the Sustainable Ocean Principles provide a framework for responsible business practices across ocean sectors and geographies covering ocean health and productivity, governance and engagement and data and transparency.
The world depends on a healthy, productive, resilient ocean for food security, climate mitigation, and economic livelihoods. Climate change, overfishing, pollution, and unsustainable and inequitable development are damaging the health of the ocean and seas.
A collaborative approach to healthy oceans
As a world leader engaged in the shipping and logistics sector, MSC recognises the collective responsibility of companies to assess their impact on the ocean, protect ocean health and take action on ocean sustainability, which for the company is both a strategic imperative and a key business priority.
Stefania Lallai, Vice President of Sustainability of MSC’s Cargo Division, said, “Oceans play a vital role in the health of our blue planet, producing half of the world’s oxygen and regulating our climate. By signing the Sustainable Ocean Principles, we are joining other blue economy companies to help build a sustainable blue economy.”
As a UNGC Ocean Stewardship Coalition member and the Maritime Just Transition Task Force, MSC believes in working with various partners to make an impact beyond its operations. These collaborative platforms form part of MSC’s Sustainability Roadmap in response to the rapidly evolving landscape and its efforts to address the complex global challenges the world faces today, leveraging strategic alliances across the maritime ecosystem to protect and restore the health of oceans.
Sanda Ojiambo, Assistant Secretary-General and CEO of the United Nations Global Compact, said, “This commitment by 150 blue economy companies shows the private sector’s willingness to support SDG 14. Healthy and productive oceans rely on all actors to do their part. I am encouraged that these companies are committed to integrating ocean health into their corporate strategies.”
The UN Ocean Conference and UN Decade of Ocean Science (2021-2030) are ongoing reminders of the maritime industry’s importance in the health of our oceans and in enabling resilient and sustainable supply chains.