S&P 500 Companies Helping Clean the Oceans

By Laurel Tincher. January 13, 2025 · 7 minute read

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S&P 500 Companies Helping Clean the Oceans

Spurred by concerns about the growth of ocean pollution worldwide, a few S&P 500 companies — among the largest U.S. companies by market cap — are contributing to ocean cleanup endeavors.

While most people know that the ocean is the world’s largest natural resource, covering nearly 70% of the surface of the earth, few understand what it would mean if “the blue economy” failed to thrive. The oceans not only are a vital food source, these vast bodies of water supply ingredients for pharmaceuticals and biofuel, and help absorb most of the world’s CO2.

Yet right now, pollutants ranging from chemicals to plastics are threatening the viability of oceans on every front.

Recognizing that maintaining healthy oceans is a pressing economic issue, corporate leaders are taking steps to help with ocean cleanup.

Key Points

•   Oceans cover nearly 70% of the earth’s surface, and provide many of the world’s natural resources, including food and ingredients for medicine and biofuel.

•   Scientific studies show that the buildup of pollutants continue to threaten the health of the seas and much of marine life, putting “the blue economy” at greater risk.

•   Ocean pollution includes numerous industrial chemicals, such as byproducts from manufacturing and mining, but plastics comprise most of the debris in the oceans today.

•   Corporate leaders recognize the potential long-term impact of not taking action to shore up the health of the world’s largest and most valuable natural resource.

•   S&P 500 companies are developing technologies and systems that can help manage pollutants and clean up the oceans.

Why Cleaning the Ocean Is Important

Oceans represent an almost unfathomable source of global wealth, and are essential to life on this planet. They contain some 97% of the world’s water (fresh water is about 3% of the global supply), and comprise 99% of the living space on earth.

Understanding the Blue Economy

The seas and oceans also provide immense economic support to countries around the world, providing well over $1 trillion in revenue. Offshore oil and gas enterprises make up 65% of the ocean-based economy.

Other industries that depend on the oceans include:

•   Tourism

•   Fishing

•   Ship building and maintenance

•   Marine equipment

•   Ports

•   Container shipping

While a growing number of investors are increasingly interested in ESG or sustainable investing opportunities, these strategies are still evolving. Companies that are taking a more direct role in ocean cleanup are also needed.

Impact of Industry on the Oceans

Clearly, if the oceans aren’t healthy, it will have a huge impact on human health and economies as well. Yet the current level of ocean pollution is nothing short of alarming.

•   Ocean acidification threatens essential coral reef ecosystems around the world, which is impacting biodiversity as well as natural sources of filtration.

•   Overfishing is putting both fish populations and vital food supplies at risk of depletion.

•   Oil spills and industrial byproducts have a toxic effect on both human and animal populations globally.

•   Fertilizer runoff from industrial farming and agriculture ends up in the oceans.

The biggest source of ocean pollution by far comes from plastic. According to the UNESCO Intergovernmental Oceanographic Commission, plastic from bottles, utensils, fishing equipment (rope, nets), among other sources, make up 80% of the plastic debris found in the ocean today. And some 8 to 10 metric tons of plastic are dumped in the ocean each year.

Fortunately, work is being done to clean up and protect the oceans. Large corporations, startups, nonprofits, and governments are participating in the effort. Some companies are working on preventing ocean pollution and others are working to clean up existing pollution.


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Which S&P 500 Companies Are Helping Clean Up the Ocean?

Cleaning up the oceans requires effort from multiple angles. Consumer education can help reduce the number of products people buy, and encourage individuals to buy more sustainable products. Green investing opportunities can inspire investors to support sustainable companies.

New materials, manufacturing and waste management processes can increase the percentage of products that get recycled or composted rather than ending up in waterways.

Cleanup projects are also needed to remove the waste and emissions that have already made their way into the oceans. Some of the S&P 500 companies participating in these efforts are included below.

Recommended: The Growth of Socially Responsible Investing (SRI)

Pollution Treatment

Ocean pollution includes chemicals, trash, oil, and other substances. Additionally, the oceans absorb greenhouse gases emitted from human activities, which leads to ocean warming and acidification.

Warming and acidification result in destruction of coral reefs and ocean ecosystems, and both fertilizer runoff and warming also contribute to other problems like invasive seaweed growth and algae blooms.

•   Corporations such as Apple, Alphabet, Disney, Microsoft, and Meta are among the top companies selected by Sustainability Magazine for their efforts to reduce their carbon footprint. Helping reduce the amount of the greenhouse gas CO2 in the atmosphere and oceans may help mitigate global warming and acidification of waterways.

•   Pollution and water treatment companies that help prevent ocean pollution through their products and services include American Water Works Company, Ecolab, Pentair plc, Xylem, and IDEX Corporation.

Recycling Products

Other ways that S&P 500 companies help clean the oceans are through the development of recycling and waste management programs and the production of goods that are either made from plastic gathered from the ocean or designed to reduce the use of virgin plastic.

The truth about recycling is that many items made from plastic and other materials can’t be recycled. About ¼ of items consumers place in recycling bins can’t be recycled by the recycling facilities they are taken to.

Only about 9% of the world’s plastic gets recycled. The rest ends up in the natural environment, gets incinerated, or goes to landfills where it produces greenhouse gases such as methane.

Some companies are working on improved recycling methods and developing new materials, products, and packaging that can be recycled or are biodegradable.

If consumers don’t have access to local recycling programs, plastic items they use may still end up in the oceans.

Recommended: Green Bonds Explained

Ongoing Obstacles to Ocean Cleanup

Although the improvements and innovations in the area of ocean pollution management are a step in the right direction, they don’t solve the problem of overconsumption. In some cases, companies that appear to embrace sustainability may be employing greenwashing tactics to convince consumers that their products are eco-friendly when they’re not.

Companies are under increasing internal and external pressure to show strong Environmental, Social, Governance (ESG) metrics and improve their overall sustainability, and recycling and waste production are a big part of that effort.

When evaluating a company’s ESG metrics it’s important to do some research to see if they are really making improvements and progress towards goals, or simply putting out exaggerated or false claims.


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Startup Companies to Watch

In addition to S&P 500 companies, many startups are developing technologies to help clean the oceans. These five startups, highlighted by SustainableReview.com, are forming partnerships and selling their services to S&P 500 companies. Some of these include:

•   Algenisis. A California-based company that has developed a durable new plastic substitute from algae.

•   AquiPor Technologies. This Seattle-based startup has created a sustainable new type of material that prevents water pollution.

•   Heliogen. Based in California, this company has developed an AI-powered thermal solution that supports companies in their decarbonization efforts.

•   FuelGems. Offering an additive that helps reduce carbon emissions from traditional fuels like gas, oil, and diesel, this Austin, TX-based company relies on nanotechnology.

The Takeaway

When it comes to sustainability, everything is connected. To clean the oceans and prevent further damage to the world’s biggest natural resource, efforts are needed across the entire global supply chain. In addition to investing in individual stocks of companies working to help clean the oceans, investors can also find index funds and ETFs that include several companies, such as those focused on ESG, waste management, materials, or clean oceans.

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FAQ

What companies dump waste into the ocean?

Although companies may not be directly dumping waste into the ocean, studies have found that the majority of ocean waste is made up of plastic products from companies such as Coca-Cola, PepsiCo, Nestle, Procter & Gamble, and Danone.

Which industry pollutes the ocean most?

In terms of plastic waste, the beverage industry contributes the most to ocean pollution with its plastic bottles that are generally not recycled.

What companies are cleaning up the ocean?

Startups such as The Ocean Cleanup, Seabin project, and Recycling Technologies are working to clean up the ocean.


Photo credit: iStock/Philip Thurston

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