How can financial institutions support and benefit from ocean health?

Presented by

Dennis Fritsch, Sustainable Blue Finance Initiative Lead, UNEP FI

About this talk

A healthy ocean is key for a sustainable future both for people and the planet. In economic terms the annual value of produced goods and services is estimated at USD 2.5 trillion per year, equivalent to the world’s 7th largest economy. However, ocean health is under threat, faced with the triple crises of pollution, nature loss and climate change. Public and private sector actors provide the financing, investment and insurance required to power ocean-linked sectors. Whilst ocean-based industries such as shipping, seafood, coastal tourism, and marine renewable energy provide significant contributions to national and global economies, unsustainable activities have led to severe damage to ocean health and the resource base on which communities and many sectors depend. The transition to a sustainable blue economy is an opportunity for financial institutions, governments and other stakeholders to re-cast how we use, manage, and protect ocean resources in line with the UN SDGs 13 – Climate Action, 14 – Life Below Water and 15 - Life on land. However, for most financial institutions, whether investors, insurers or banks, and regardless of focus, size or breadth, the ocean and marine ecosystems are unchartered territory. Join this webinar to learn more about practical steps financial institutions can take to align their activities with ocean health and hear from pioneers and experts in the field of ocean finance. This webinar is co-hosted by UNEP FI and the Government Offices of Sweden. Speakers: - Helen Ågren, Ocean Ambassador, Swedish Government Offices - Jean-Baptiste Jouffray, Postdoctoral researcher, Stockholm Resilience Center - Vemund Olsen, Senior Analyst, Storebrand - Patrik Möller, CEO, CorPower - Beate Hollweg, Sustainable Finance Expert, European Environment Agency

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United Nations Environment Programme Finance Initiative (UNEP FI) is a partnership between United Nations Environment and the global financial sector created in the wake of the 1992 Earth Summit with a mission to promote sustainable finance. More than 240 financial institutions, including banks, insurers, and investors, work with UN Environment to understand today’s environmental, social and governance challenges, why they matter to finance, and how to actively participate in addressing them. UNEP FI’s work also includes a strong focus on policy – by facilitating country-level dialogues between finance practitioners, supervisors, regulators and policy-makers, and, at the international level, by promoting financial sector involvement in processes such as the global climate negotiations.