By signing up to the Ocean Sustainable Principles, we are committing to take action to prevent pollution, better manage our resources and ensure long-term sustainability of our operation."
Francisco Pinilla
Partner, ERM
Sustainable Ocean Principles
Photo credit: Linden Edgell, United Kingdom
ERM has joined over 60 companies worldwide, representing a total asset of $1.4 trillion, as new signatories to the Sustainable Oceans Principles.
An initiative of the UN Global Compact, of which ERM has been a member for 10 years, this set of nine core principles provides a framework for a healthy and productive ocean. The Sustainable Ocean Principles were developed in consultation with stakeholders from the private sector, NGOs, academic institutions and UN agencies.
Endorsing the Sustainable Ocean Principles is an aspirational pledge. Signatories recognize the urgency and global importance of a healthy, sustainable ocean and are promising to take action to promote the well-being of our oceans for current and future generations. Those who sign the principles agree to:
- Demonstrate their commitment to ocean sustainability and SDGs to clients, financial partners, employees and the community;
- Integrate ocean-related challenges into their strategy;
- Use these principles as a due diligence tool; and
- Contribute to the development of the sector-based practical guidance.
ERM will proactively help our clients to develop and implement robust and comprehensive practices and stay up to date with the latest research. Although there is no financial commitment, signatory companies must publically report on their progress on an annual basis. Beginning in 2022, will be publishing our progress in our annual sustainability report.