4 November 2021

5 examples of best practice to sustainably finance the marine renewable energy sector

COP26 today focuses on accelerating the global transition to clean energy. The blue (ocean) economy offers many opportunities for private finance to lend and invest in a sustainable and nature-positive way. Here we look at some of the leading examples of best practice in social and environmental sustainability across the marine renewable energy sector which…

15 October 2021

8 examples of best practice to sustainably finance the seafood sector

Sustainable Seafood can be one piece of the puzzle in ensuring food security in a low-carbon future. Global leaders are meeting at the Tokyo Sustainable Seafood Summit this week discussing innovations in the space. The blue (ocean) economy offers many opportunities for private finance to lend and invest in a sustainable and nature-positive way. Here we…

30 September 2021

4 examples of best practice to sustainably finance the maritime transportation sector

With the Zero and Low-emission Innovation Forum – co-hosted by the IMO and UNEP – having been held this week, the transformation of the maritime transportation sector is taking centre stage this autumn. In this article we look at some of the leading examples of best practice in social and environmental sustainability across the maritime transportation sector which banks, insurers and investors can seek out.

5 August 2021

5 examples of best practice to sustainably finance the port sector

The blue (ocean) economy offers many opportunities for private finance to lend and invest in a sustainable and nature-positive way. Here we look at some of the leading examples of best practice in social and environmental sustainability across the port sector which banks, insurers and investors can seek out.

26 July 2021

G20 environment ministers discuss green and blue finance

On 22 July 2021, the G20 environment ministers gathered in Naples committing to ‘continue and increase’ their efforts to address the triple crises of climate change, nature loss and pollution. Finance, both ‘green’ and ‘blue’ was on the agenda, as ministers highlighted the urgent need to direct financial flows and mobilise finance sources to align…

6 July 2021

The Ocean as a Climate Solution

The ocean is not just a victim of climate change, it is also a source of solutions. The transition to a sustainable “blue” economy is an opportunity to re-cast how we use, manage and protect ocean resources in a more integrated manner. Unlocking the financial sector for the sustainable blue economy allows for the potential of an environmentally and socially sustainable future that will be resilient to the impacts of climate change while providing livelihoods, food and prosperity.

24 June 2021

An interview with a CEO: Ilias Tsakiris

You have signed the UNEP FI Sustainable Blue Economy Finance Principles.  Why did American Hellenic Hull Insurance Company take this step and has it been a challenge to adopt sustainable insurance practices? Shipping itself is crucial to global sustainability. As the carrier of world trade it is the key component in bringing food, energy, vital goods, jobs…

18 June 2021

ESG Investor: Pouring Money on Troubled Waters

Investment in blue economy is vital for planet’s future, but the breadth of risks to ocean health pose challenges to asset owners. The ocean economy is estimated to be worth US$2.5 trillion annually, but just US$13 billion has been invested during the past ten years to support sustainability, according to an international joint academic and public institution report. If further action is not taken to tackle the effects of unsustainable use of oceans and their resources, a total of between US$200 billion-US$1 trillion will be required annually by 2100 to pay for coastal protection, relocation of people and loss of land to sea level rise.

17 June 2021

Financing a sustainable blue economy: recommended exclusions list published

Based on the market-first practical guidance for financial institutions, Turning the Tide, UNEP FI’s recommended exclusions list for a sustainable blue economy provides financial institutions with an overview of activities to exclude from financing due to their damaging impact on the ocean and high risk.

16 April 2021

Portugal Endorses the Sustainable Blue Economy Finance Principles at EIB & WWF Event

Read about the conference hosted by the European Investment Bank and WWF, where Portugal, represented by Ricardo Serrão Santos, Minister of the Sea Republic of Portugal, endorsed the Sustainable Blue Economy Finance Principles and the EBRD and the Asian Development Bank were welcomed as recent signatories of the Principles.

2 March 2021

How to Finance a Sustainable Ocean Recovery – Seminal New Guidance Published

New practical guidance enables banks, investors and insurers to understand their impact on ocean health and immediately take action to accelerate the transition to a sustainable blue economy. Leveraging best practice based on input from more than 50 pioneering institutions and experts, this guidance sets out pathways to sustainable growth across five key ocean sectors, chosen for their established connection to private finance. It presents a detailed breakdown of which activities to seek out as best practice, which activities to challenge, and which activities to avoid financing completely due to their damaging nature.

2 February 2021

UNEP FI Launches New Report Mapping the State of Ocean Finance

This foundational report maps ocean finance, revealing trends in lending, underwriting and investment activities which impact the ocean .It includes survey results across 100+ financial professionals revealing current trends, frameworks and financial instruments that are successfully addressing ocean sustainability and highlights new opportunities and gaps in the market. The report covers 5 key ocean sectors: seafood, ports, shipping, coastal and marine tourism and marine renewable energy, notably offshore wind, chosen for their established connection with private finance.

21 January 2021

One Planet Summit: Biodiversity rises up the Global Agenda

Biodiversity is catching up with climate on the global policy agenda, motivating leading financial institutions to understand their impacts and dependencies on nature. A first step for financial institutions is to look at the impacts and dependencies on nature across the industries they invest in, lend to or insure.

22 December 2020

Why the finance sector needs to catch the blue wave

In this op-ed originally published for The Economist Group’s World Ocean Initiative, Eric Usher, Head of UNEP FI, calls for a transformational shift in private finance to regenerate ocean health. A healthy ocean is one of the critical success factors in the global economy. Prior to covid-19, the value of the blue economy was an…

11 December 2020

How the Insurance Industry can Shape a Sustainable Blue Economy

With calls to ‘build back better’ after the COVID-19 pandemic, how can insurance companies take a leadership role in transitioning ocean sectors towards sustainability? The United Nations Environment Programme Finance Initiative (UNEP FI) assembled a star line-up for a webinar hosting a big-picture discussion on the key ocean-related sustainability trends that affect the insurance business.…

3 December 2020

A Blue Path to Recovery: The Power of Finance to Rebuild Ocean Health

Oceans cover 71% of the world’s surface, giving Earth the befitting title of the ‘Blue Planet’. The ocean is a planetary superpower that sustains the lives of billions of people and countless marine wildlife. For instance, approximately 3 billion individuals globally are dependent on protein from the ocean for food security. This pivotal role in the global economy establishes the ocean as a vitally important asset to underwriting, lending and investment activities, in businesses which either depend on or impact the ocean and its services.

20 November 2020

Investment & Pensions Europe: Storebrand Signs UN Healthy Oceans Framework

The Norwegian financial group said it had signed the United Nations-backed Sustainable Blue Economy Finance Principles, a guiding framework launched in 2018 for financing a sustainable ocean economy. Storebrand – one of Norway’s main occupational and personal pension providers – said the framework aimed to accelerate the transition towards sustainable use of the ocean and its resources by developing practical actions for insurers, lenders and investors to undertake.

10 November 2020

American Hellenic Hull Insurance Company Signs the Sustainable Blue Economy Finance Principles

American Hellenic Hull Insurance Company announced today that it has signed the Sustainable Blue Economy Finance Principles  joining a growing UNEP FI-hosted community of pioneering banks, insurers and investors working to transition the ocean economy towards sustainability. As a marine insurer, American Hellenic Hull Insurance Company provides hull and machinery services to the international shipping…

27 October 2020

Marine ecologist Enric Sala addresses the financial community

The blue economy is an attractive opportunity for banks and insurance companies, yet some players are rushing to invest without first adopting sustainability principles that can avoid repeating the wrongs of the past, says world-renowned ecologist Enric Sala.