The businesses claim that the ‘Ocean Engagement Fund’ is the first impact fund of its kind, in that it is solely dedicated to and fully aligned with Sustainable Development Goal (SDG) 14: Life Below Water. The Goal includes targets to address issues such as overfishing, marine pollution and acidification, and to boost conservation and restoration.
Between 30 and 50 businesses will be backed by the fund. Non-profit The Ocean Foundation will advise Credit Suisse and Rockefeller Asset Management on which companies to include in the portfolio. It will also provide best-practice learnings on engaging with portfolio businesses to steer them away from practices which harm the oceans, going beyond ‘doing less bad’ and achieving a net-positive impact on marine habitats.
A list of pot...
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