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Marine Sustainability
Global warming has affected supply chains, food imports, and exports and has led to world trade becoming more protectionist. Farms are not producing the same yields as they once did, and ocean wildlife is being depleted faster than nature can revive wild stocks.
The Ocean is the key
The ocean comprises of more than 70% of the earth’s surface and houses 80% of all life forms. The global economy as well as the delicate balance of the earth’s ecosystem is extremely reliant on the marine ecosystem. How can we ensure sustainability of the blue economy?
Importance of blue carbon
Blue carbon is the capture of carbon by coastal and marine ecosystems such as tidal marshes, seagrass meadows and mangroves. These marine ecosystems create an extremely effective carbon sink as they statistically store more carbon per unit area than terrestrial forests. Unfortunately, over 33% of the seagrass in the world has been lost in the last 100-200 years, with a rate of 2% loss per year currently.
Repopulating oceans and restocking fish stocks
Having a sustainable blue economy is a key factor to climate change. Organisations need to ensure that, when making critical decisions, ocean health should be an integral part of the equation. Only through both an organisation and individual-led initiative of caring for ocean health can we turn-around the deteriorating current-state as a result of over-fishing and commercialisation without any regard for consequences.
Measure and track ocean activity
Accountability, transparency, and governance should be collectively upheld and followed by governments, organisations and individuals. The ability to ensure a robust framework is in place, with mechanisms to verify and substantiate claims can efficiently drive impact towards sustainable maritime activity. Ocean Blocks' technology arm aims to deliver this impact through leveraging blockchain technology.
FREQUENTLY ASKED QUESTION
How we operate and provide solutions for our customers.
As ESG is a broad term encapsulating many aspects of an organisation, there is no one-size-fits-all approach to formulating the right strategy.
The first step would be to get in touch with us and book an initial consult so that the Ocean Blocks ESG team can get to know your organisation in order to identify and better understand where we are able to add value.
Ocean Blocks typically work with and consult to mid-tier businesses both in Australia and abroad. Occasionally we do specific pieces of work for bigger firms or government organisations that require our specialist expertise in designated areas.
Ocean Blocks works with a wide range of organisations in different industry sectors. We are sector agnostic and have clients from a variety of industries.
The ESG side of the Ocean Blocks business operates much like a consultancy firm. We typically consult to businesses and work to create a bespoke strategy to tailor for each organisations’ unique needs and requirements.
Due to the bespoke nature of how we work with our clients, our fee structure is only determined after understanding the particular organisation’s requirements.