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Sustainable Ocean Economy: Charting a Prosperous Blue Future from Risk to Resilience
Citigroup
In this report, with the help of extraordinary insights from leading global academics, NGO’s, thinktanks, startup and ocean funds, and ocean data providers, [Citigroup] examines the importance of oceans to the planet, why all businesses and financial institutions should care about ocean sustainability, and how we should address the mismatch between the significance of ocean sustainability and the lack of attention and investment towards the issue. It examines the key drivers of ocean health decline, grouped into three areas: over-exploitation and seascape change, climate change, and pollution.
Importantly, the report provides a new and granular assessment of impact materiality and revenue exposure for industries. Within the universe of 48,000 public companies that were assessed, we found that $4.3 trillion dollars (11.7% of total revenue mapped) are potentially at risk based on the impact materiality mapping by ENCORE for marine ecosystem use. If we also consider indirect revenue exposure, based on impact materiality ratings for greenhouse gas (GHG) emissions and pollution stressors, $27 trillion (63% of total revenue considered) could be indirectly at risk due to potentially negative impacts on the ocean.
Access the full report here.
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