The Blue Economy Sustainability framework, which links criteria and indicators to the four pillars of sustainability—economic, environmental, social, and governance—is outlined in this webinar. Numerous important sustainability factors have been grouped into sustainability criteria for each dimension. The removal of the basic cost-benefit analysis is the straightforward justification for using all criteria. Although the Blue Economy Sustainability Criteria are relatively new—the European Commission drafted the comprehensive framework in 2020—their use offers several benefits to advance sustainable development. For instance, it provides a framework for monitoring progress and allows policy makers or businesses to evaluate their own performance. Although methods for modeling this data have not yet been established, it is pointed out that this framework holds great promise in place of traditional macro indicators like the Blue Economy's Gross Value Added. It is concluded that the Blue Economy Sustainability Criteria are reasonably easy to apply to investments of any size, at the national, corporate, or regional levels due to their simplicity.

1. Webinar 4 - Blue Economy – A Methodological Framework for Evaluating Impact through Sustainability Criteria

2. Blue Economy and Blue Finance - Toward Sustainable Development and Ocean Governance

Edited by Peter J. Morgan et al.

3. Blue economy, blue finance and ocean governance for achieving sustainable development goals – Unmana Sarangi

4. Incorporating Blue Bonds as a funding alternative for a sustainable development project – Fareis Althalets et al

5. Social sustainability and equity in the blue economy – Nathan J.Bennett et al