This means sustainable utilisation, conservation and management of the resource based on scientific information and applied expertise guided by respect for the marine ecosystem as a whole. Iceland’s National Strategy for Sustainable Development contains objectives specific to living marine resources and state that management should both aim to minimise any negative ecosystem impacts associated with fishing and use the best scientific information available to ensure fish stocks remain at sustainable levels. The management system has proven successful at achieving most of this, securing an economically sustainable fishing industry while also contributing to biological sustainability'. The Icelandic fleet has been reducing in size and becoming more profitable, the carbon footprint of the industry is reducing, fishing pressure has been declining and safety at sea has radically improved recent decades.