BIODIVERSITy Insights
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A recent U.S. Executive Order promoting deep-sea mining (DSM) threatens to turn a pristine wilderness into yet another industrial sacrifice zone in pursuit of minerals that are available terrestrially and, in some cases, are becoming rapidly obsolete.
Corporations have the power to demand more from their suppliers. When this influence is directed properly, corporations can catalyze significant positive change for all stakeholders. This is demonstrated in the continuing evolution of Mexico's avocado industry, where shareholder engagement, political action, NGO efforts, and community organization are helping corporations to address rampant illegal deforestation and its impacts.
The benefits of a functioning environment are at risk, and shareholders are raising the alarm. The emerging deep sea mining (DSM) industry embodies one of the most significant new threats to global biodiversity.