A healthy ocean underpins global economic productivity, and financial institutions across the world now increasingly recognise that nature-related risks can become financial risks. While momentum to understand the diverse range of nature-related dependencies, impacts, risks and opportunities is growing, financial institutions understanding of these in the ocean context often lags.
Seafood is a powerful example: highly nature-dependent, its risks – both environmental and social – can run deeper than many expect. These risks reach beyond fishing fleets and fish farms into food manufacturers, pet food brands, pharmaceuticals, cosmetics, feed producers and retailers, most of which are not classed as seafood businesses. Navigating the complexity of risks in seafood finance has also been difficult: useful resources have been spread across many organisations and formats. At the same time, financial institutions vary substantially in exposure, maturity and ambition on sustainable seafood finance.
The Seafood Finance Navigator is a new online platform, built by WWF, UNEP FI, FAIRR, Planet Tracker and the World Benchmarking Alliance, that brings leading seafood finance research, data, tools, and best practice into one living resource. It gives financial institutions a clear path to unpack seafood risks that run deeper than expected, supporting them as exposure, maturity, or ambition evolve. From assessing risk to strengthening due diligence, engaging companies to improving disclosure, the Navigator advances goals across functions.