World Ocean Council Joins WBA and WFO

The World Ocean Council (WOC) – the Global Blue Economy Business Organization – has recently partnered with the World Benchmarking Alliance (WBA) and joined World Forum Offshore Wind (WFO).

The WOC will work with the WBA and its network of Allies to develop criteria and benchmarks for sustainable development relevant to the ocean business community.

The World Benchmarking Alliance (WBA) was formed to increase the role of the private sector in advancing the implementation of the Sustainable Development Goals (SDGs). The WBA is developing transformative benchmarks and indicators to measure company performance in relation to the SDGs. These metrics are leveraging existing international norms and standards and are backed by best available science.

WBA Allies represent a large mix of parties relevant to the encompassing scope and scale of the SDGs. These include business networks, financial institutions, multi-lateral organizations and civil society groups. WBA Allies are working to create long-term impact through enhanced transparency and understanding of private sector’s potential to maximize their contribution to the U.N. 2030 Agenda.

WOC brings together industries such as shipping, oil and gas, fisheries, aquaculture, tourism, renewable energy (wind, wave, tidal), ports, dredging, cables, as well as the maritime legal, financial and insurance communities, and others to address ocean sustainable development, science, and stewardship.

WFO is dedicated to fostering and promoting the global growth of offshore wind. The non-profit organization was founded by DEME, E.ON Climate & Renewables, innogy, Green Giraffe, Northland Power, Suzlon Energy, EEW Special Pipe Constructions, Marsh, Watson Farley & Williams, as well as the US Business Network for Offshore Wind.

WFO and WOC have agreed on reciprocal memberships and will foster the exchange between the offshore wind industry and the wider ocean business community.