A circular economy cleantech company focused on regenerating oil residues has signed up to the United Nations (UN) Global Compact Sustainable Ocean Principles.

Sustainable Ocean Principles

Ecoslops has signed up to the UN Global Compact Sustainable Ocean Principles. Photo: Silas Baisch/ Unsplash

As a UN Global Compact signatory, Ecoslops is particularly involved in the Sustainable Ocean Principle no3: “Take action to prevent pollution affecting the ocean, reduce gas emissions in their operations to prevent the ocean warming and acidification, and work towards a circular economy.”

Vincent Favier, CEO of Ecoslops, declared: “We are pleased to be joining business leaders from around the world in setting clear and shared principles though the Sustainable Ocean Principles. As a circular economy company, we are proud to contribute to oceans free of hydrocarbon residues by recycling them into new fuels, and to support and promote these Sustainable Ocean principles throughout our value chain.”

Launched in September 2019, the Sustainable Ocean Principles were developed in consultation with stakeholders from the private sector, NGOs, academic institutions and UN agencies. They are intended to build upon and supplement the overarching ten principles of the UN Global Compact on human rights, labour, environment and anti-corruption.