Will blue finance fulfil its potential?

World Ocean Initiative

Will blue finance fulfil its potential?

Nine out of ten institutional investors are interested in financing the sustainable ocean economy, according to a survey by Responsible Investor. But the research finds that blue finance remains a niche area that has yet to go mainstream. Moreover, few investors have assessed their investment portfolios for damaging impacts on ocean sustainability.

The research surveyed 328 institutional investors worldwide, including asset owners (such as pension funds, insurance companies and philanthropic organisations) and those who manage investments on their behalf. Almost 60% of responses were from asset managers and just over 40% from asset owners.

The survey is one of the first to assess investors’ interest in financing the “blue economy”, in which ocean resources are sustainably used for economic growth, improved livelihoods and to protect and restore the marine environment. Although countries and blocs such as Canada, the EU and Japan have blue economy plans, the scale of the challenge means that huge quantities of private-sector finance will need to be mobilised.

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