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).