In 2017, Gard signed the world’s first insurance industry statement on sustainable marine insurance. Through this statement, we are committed to tackling illegal, unreported and unregulated (IUU) fishing through education, awareness building, risk management and insurance underwriting.
Oceana recently launched a set of guidelines to assist insurers in controlling or mitigating the risk of insuring vessels and companies associated with illegal, unreported and unregulated (IUU) fishing.
The guidelines were developed together with UN Environment’s Principles for Sustainable Insurance Initiative, with input from insurance associations, companies, and other key stakeholders.
Through incorporating these recommendations, we can help to combat IUU fishing and increase transparency and accountability within the global fishing sector, which will contribute to the long-term sustainability of our oceans.
Gard integrates social and environmental concerns into our day-to-day activities and we are committed to making a positive contribution to the industries we serve by offering dedicated resources to share knowledge and expertise. Participating in initiatives such as this is one important way in which we can do that.