BlueNalu joins the United Nations Global Compact, signaling an early commitment to sustainable practices

SAN DIEGO– ​​BlueNalu, a global leader in the development of cell-cultured seafood, today announced that it has joined the United Nations (UN) Global Compact, demonstrating the company’s commitment to responsible and sustainable business practices.

The United Nations Global Compact is the world’s largest corporate sustainability initiative, with the voluntary participation of more than 16,000 companies in 160 countries. The initiative provides guidance to its members to take action that advances societal goals, using ten key principles in the areas of human rights, labour, environment and anti-corruption. Corruption. As a member, BlueNalu is committed to incorporating these principles into its strategies, setting the standard for public accountability and transparency in the cell-cultured seafood industry, and sharing an annual communication on progress.

“As innovators of an essential new source of sustainable protein, creating seafood responsibly and with integrity isn’t just a goal — it’s paramount,” said Lou Cooperhouse, president and CEO of the management of BlueNalu. “From the species we select, to the seafood we produce, to the markets we prioritize, every step is thoughtful and focused on supporting the health of our planet, especially our ocean, economies and communities. livelihoods of people who depend on them, and the well-being of animals and ecosystems. With this in mind, we selected bluefin tuna as our initial product, as this species is vulnerable to environmental and social challenges and limited in supply.. We believe that a healthy ocean is essential for all forms of life, and BlueNalu is committed to preserving the biodiversity of our oceans by championing SDG 14 – Life Below Water.

The ocean is the planet’s largest ecosystem, providing 99% of Earth’s habitable habitat, covering more than two-thirds of the Earth’s surface, and therefore the world’s largest carbon sink, absorbing approximately 25% of carbon emissions. This blue carbon, or carbon stored in ocean ecosystems and marine animals, could have significant benefits in mitigating the climate crisis. For example, a study by the International Monetary Fund estimates that, when left in the wild, the carbon sequestration potential of a large whale is around 33 tons of CO2, whereas a tree does not. only absorbs up to 48 pounds of CO2 per year. While the amount of blue carbon associated with other marine animals, such as bluefin tuna, requires further study, new research estimates that industrial fishing prevents the sequestration of 28.8% to 94.6% of extracted carbon. when wildlife is removed from the ocean. BlueNalu explores blue carbon, along with other environmental and social challenges, and the potential impact of cell-cultured seafood in a recently released white paper on bluefin tuna, the company’s first product to market.

To read BlueNalu’s commitment letter, please visit: https://www.unglobalcompact.org/what-is-gc/participants/152888-BlueNalu

About BlueNalu

BlueNalu’s mission is to develop tasty, healthy, safe and reliable cell-cultured seafood products that support the sustainability and diversity of our ocean. The company has developed a strong portfolio of seafood products from a wide range of species and plans to launch its first commercial product, premium bluefin tuna toro, after regulatory approval. BlueNalu is a member of the United Nations Global Compact and aligned with the United Nations Sustainable Development Goals, a blueprint for achieving a better and more resilient future for our planet. BlueNalu began operations in 2018 and is based in San Diego, CA. To learn more about BlueNalu, please visit www.BlueNalu.com.

Forward-looking statement

This press release contains forward-looking statements, including, but not limited to, statements relating to BlueNalu’s commitments and plans with respect to responsible and sustainable business practices, the development and commercialization of BlueNalu’s products and the potential impacts of seafood from cell culture. These forward-looking statements are based on BlueNalu’s current expectations and inherently involve significant risks and uncertainties. BlueNalu assumes no obligation or obligation to update any forward-looking statements contained in this press release as a result of new information.