Welcome to the Sustainable Blue Economy Finance Initiative, a UN-convened global community focused on the intersection between private finance and ocean health, supporting the implementation of the Sustainable Blue Economy Finance Principles.
We work across the financial community to provide guidance and frameworks to ensure investment, underwriting and lending activities are aligned to the UN Sustainable Development Goal 14 (SDG 14), ‘life below water’ enabling financial institutions to rebuild ocean prosperity, restore biodiversity and regenerate ocean health.
About Ocean Finance
The largest ecosystem on earth, the ocean is the lung of the planet, providing the oxygen for every second breath we take. It provides the main food source for almost half of the world’s population and plays host to an estimated 80% of the planet’s biodiversity. Major industries such as shipping, fishing, aquaculture, and coastal tourism depend upon ocean health.
With an annual economic value estimated at USD$2.5 trillion, equivalent to the world’s 7th largest economy, the blue economy is increasingly attracting investors, insurers, banks, and policymakers as a new source of opportunity, resources, and prosperity. However, its rapid unsustainable growth can lead to environmental risks and losses in natural capital, eroding the ocean’s resource base and creating regulatory, market and physical risks.
Enter the financial system. Banks, Insurers and Investors are waking up to the idea that their financial activities can have a sizeable impact on the health of the ocean. Financial Institutions provide the financing, investment and insurance required to power ocean-related sectors, including shipping, fishing and coastal tourism and renewable marine energy. By building sustainable blue finance practices into their decision-making processes, and engaging with their clients on the topic, the financial sector has a unique opportunity to steer ocean industries towards sustainability.
This work is generously supported by the European Commission and the European Investment Bank as well as by the Swedish Government via the UN Environment Programme Sustainable Blue Economy Initiative. Read more about the UN Environment Programme’s work on Oceans & Seas.