Just ahead of the UN Ocean Conference, the UN Global Compact and UNEP FI have launched the Ocean Investment Protocol.
💙 The Ocean Investment Protocol is a comprehensive guide designed to mobilize and scale finance for a healthy and resilient ocean that supports a strong and innovative Sustainable Ocean Economy. Building on the UN Global Compact Sustainable Ocean Principles and UNEP FIs Sustainable Blue Economy Finance Principles, the Protocol provides financial institutions, insurers and re-insurers, ocean industries, governments and development finance institutions with a clear pathway to collectively lead the growth of the Sustainable Ocean Economy to achieve the Sustainable Development Goals (SDGs), including SDG14 (Life Below Water).
💡Key Elements of the Ocean Investment Protocol to guide financial institutions, insurers and re-insurers, ocean industries, governments and development finance institutions to manage risks and understand opportunities to increase energy security, food security and transport security, while advancing sustainable solutions, include:
🌊 Holistic Guidance for banks, investors, insurers, governments and development finance institutions, enabling them to manage environmental risks while pursuing growth opportunities in sectors such as offshore renewables, sustainable seafood and climate-resilient infrastructure.
🌊 Data and Disclosure recommendations, promoting greater transparency on nature-related risks and impacts and aligning with global reporting frameworks, including Taskforce on Nature-related Financial Disclosures (TNFD), Task Force on Climate-related Financial Disclosures (TCFD), and science-based targets.
🌊 Sector-Specific Roadmaps outlining responsible financing and operational practices in shipping, tourism, fisheries, renewable energy and other key ocean industries.
🌊 Policy and Regulation Support to foster investment-ready environments, highlight the importance of marine spatial planning and encourage incentives for sustainable practices.
🌊Catalytic Role of Development Finance in advancing pipeline development for the Sustainable Ocean Economy, especially in emerging markets and coastal communities most vulnerable to climate change.
👉Download the Ocean Investment Protocol here.
💻 Watch the recording of the launch webinar for the Ocean Investment Protocol that I moderated, with excellent speakers (Erik Giercksky, Suzanne Johnson, Luz Gil, Franck Jesus, Camila Rodriguez Taylor, Oliver Phillips, Rebekah Clement, Ida Krabek).