SINGAPORE, Singapore — Umami Meats joins 150 companies, with a combined market capitalization of 1 trillion euros, to take action for a healthier ocean at the UN Ocean Conference
Cascais, Portugal, 28 June 2022 — At the Sustainable Blue Economy Investment Forum in Cascais, Portugal, a special UN Ocean Conference event, Umami Meats joined 150 major companies in signaling their commitment to a healthy ocean by signing onto the UN Global Compact Sustainable Ocean Principles.
In addition to the Ten Principles of the UN Global Compact, the Sustainable Ocean Principles provide a framework for responsible business practices across ocean sectors and geographies. Companies signing on to the Sustainable Ocean Principles commit to assess their impact on the ocean and integrate ocean sustainability into their overall strategy.
The world depends on a healthy, productive and resilient ocean for food security, climate mitigation and economic livelihoods. Climate change, overfishing, pollution, and unsustainable and inequitable development are damaging the health of our ocean and seas.
“Today’s commitment by 150 blue economy companies showcases the private sector’s willingness to support SDG 14. Healthy and productive oceans rely on all actors to do their part. I am encouraged by these companies and their commitment to integrate ocean health into their corporate strategies,” said Sanda Ojiambo, Assistant Secretary-General and CEO of the United Nations Global Compact.
“We are glad to be joining a coalition of peer companies that are placing a commitment to our oceans at the forefront of our business model. For Umami Meats, this commitment to the Sustainable Ocean Principles is the latest step on our path to building a planet positive business that enables humanity to eat sustainably while protecting our oceans. Our oceans remain under grave threat from human activities, so there is still substantial work ahead of us to achieve our goal of ocean sustainability. We will continue to lead by example in driving a global shift from an extractive ocean economy to a regenerative one,” said Mihir Pershad, Founder and CEO of Umami Meats.
Umami Meats joins some of the largest blue economy companies, including Mediterranean Shipping Company, Orsted, SAP SE, and Thai Union, as one of the 150 signatories of the UN Global Compact Sustainable Ocean Principles, spanning 30 industries, 35 countries and six continents, with a combined market capitalization of 1 trillion euros.
Sustainable Development Goal 14 (Life below water) still has the lowest level of financial investment of any of the 17 SDGs.
There is a need for increased public, private, and blended financing to foster a sustainable blue economy.
The UN Global Compact announced it will join a coalition of global stakeholders to develop a universal guidance for Blue Bonds—a commitment to provide the global market consistency and transparency in financing the sustainable blue economy. Bonds to Finance the Sustainable Blue Economy: a Practitioner's Guide aims to provide market participants with clear criteria, practices and examples for blue bond lending and issuances.
The full of list of signatories on the Sustainable Ocean Principles
can be found here
Umami Meats is pioneering cultivated, 'not caught' seafood by crafting delicious, nutritious, and affordable cultivated fish that is better for our health, our oceans, and our future. Umami Meats is dedicated to regenerating our oceans and our planet by enabling consumers to have their fish and eat it too, starting with IUCN Red Listed species that are difficult to farm and that are being driven extinct by human consumption. The company’s cultivated seafood production system enables a stable, resilient, local supply of seafood free from mercury, antibiotics, microplastics, and ocean pollutants.
Umami Meats has also been recognized as a Semi-Finalist in the XPRIZE Feed the Next Billion competition, Fi Global Startup Innovation Challenge finalist, member of Forward Fooding’s 2021
FoodTech 500 list, as the Best Emerging Sustainable Seafood Company – Southeast Asia in the 2021 Global Green Business Awards, and as Best Sustainable Seafood Company in the 2022 Singapore Business Awards.