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Rolf Thore Roppestad, CEO of Gard, said: “Gard is pleased to be an active participant in the UN Action Platform for the Ocean and to have contributed to this report on sustainable ocean business, with our experts helping to look at the issues around ocean governance.

“Insurers play a number of key roles in making the oceans cleaner and safer, and enabling future sustainable maritime development. We do this by sharing knowledge that helps to prevent accidents, as well as by managing risks, creating transparency and ensuring trust through improved quality standards.

“Insurers provide the financial security needed to make maritime compensation effective on a global scale. Should the worst happen, insurers are actively involved in the organisation and funding of clean-up activities and paying compensation to those who suffer injury, damage or loss. This includes compensation for pollution, whether from oil or other hazardous substances, as well as wreck removal.

“I am proud to represent a group and an industry that works every day to protect people and the environment, and to play our part together with so many other ocean industries to map how we can all contribute towards the 17 Sustainable Development Goals. I am confident that this report will increase awareness and knowledge of the importance of the ocean to global growth and prosperity of mankind.

 “For Gard, sustainable maritime development is a fundamental part of our mission. It is a cornerstone for the creation of long-term financial value for our Members, mitigation of maritime risks, sharing responsibility for the marine environment and conducting our business with integrity and high ethical standards.”

Read the report in full here.