🌊 Protecting coral reefs while supporting local communities is possible!
🚀 With the launch of the Blue Finance impact loan facility for Marine Protected Areas, in partnership with Blue Alliance Marine Protected Areas, we are creating a #sustainable model that links marine conservation with responsible economic development. 💼 This initiative supports reef-positive businesses in the blue economy, focusing on coral reef protection and community livelihoods.
🔗 Unfortunately, 70% of Marine Protected Areas (MPAs) lack the funding for effective management. Structured and financed by BNP Paribas' impact investment team, in collaboration with the CSR department and BNP Paribas Asset Management, the Blue Finance facility seeks to fill this funding gap. It attracts #investors to support reef-positive businesses combining ecosystem protection with productive economic activities for local communities. These initiatives include responsible ecotourism, community-based aquaculture, blue carbon credits, and sustainable fisheries. Importantly, revenues from these businesses are reinvested into the MPAs managed by Blue Alliance and local communities are included in participatory management.
🌍 With initial funding from BNP Paribas, the facility will first operate in Indonesia, the Philippines, Tanzania, and Cabo Verde, protecting 1.8 million hectares of coral reefs and improving the livelihoods of 110,000 local community members. By supporting Blue Alliance in expanding MPA, we are amplifying their positive impact on coral reefs and fostering sustainable development for local communities.
🌱 BNP Paribas' first marine-focused impact performance loan is a crucial step in our commitment to #ocean protection and preservation, and a just ecological transition.
To learn more : https://bnpp.lk/EyeK3E
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