Published March 2021
A practical guide for financial institutions to lead a sustainable ocean recovery
This seminal guidance is a market-first practical toolkit for financial institutions to pivot their activities towards financing a sustainable blue economy.
Designed for banks, insurers and investors, the guidance outlines how to avoid and mitigate environmental and social risks and impacts, as well as highlighting opportunities, when providing capital to companies or projects within the blue economy.
Five key ocean sectors are explored, chosen for their established connection with private finance: seafood, shipping, ports, coastal and marine tourism and marine renewable energy, notably offshore wind.
Accompanying the guidance is a set of easy-to-follow recommendations on how to approach financial activity in ocean sectors, allowing financial decision-makers to take immediate action.
Combined, the guidance and recommendations provide a road map with a detailed breakdown of which client activities to seek out as best practice, which activities to challenge, and which activities to avoid completely due to their damaging nature.
The guidance leverages best practice based on input from over 50 pioneering institutions and experts. It supports the implementation of the Sustainable Blue Economy Finance Principles, which are a keystone in the market for financing a sustainable blue economy. The Guidance is a follow-up to the Rising Tide report which was launched in February, which mapped the ocean finance space and provided an entry point for financial institutions.
If you are looking to easily implement sustainable ocean finance strategies and learn best practice from 50+ finance organisations, download the guide today.
Recommended exclusions list
Based on the market-first practical guidance Turning the Tide, UNEP FI developed a recommended exclusions list for a sustainable blue economy. The document provides financial institutions with an overview of activities to exclude from financing due to their damaging impact on the ocean and high risk.