Innovative marine business models for marine industries
Market changes can be achieved by altering current business models, for example, through the adoption of more transparent supply chains. This can be done through participation in third-party certification systems, such as the Marine Stewardship Council, and other auditing programs (Actions 25, 26). The application of standards from certification programs to public regulation, as in the forestry industry, can enable industry participants to abide by an additional set of conservation-based measures (Faure et al. 2017). By taking socially and environmentally responsible action, corporations help to achieve a more sustainable future. Annual Impact Reports are published for transparency and demonstrate a clear commitment to human rights, environmental health, and resource sustainability, in addition to returning profits to corporate shareholders (Actions 25, 28, 36). Moreover, shareholders could use their influence to demand change towards more sustainable actions and ensure the publication of those changes to improve transparency (Action 29). Increased focus on sustainability actions within co-management arrangements is also relevant (Actions 37, 38).