Monaco backs call to finalise marine biodiversity protection law at UN Convention

Monaco has joined in commemorations for the 40th anniversary of the adoption of the UN Convention on the Law of the Sea, where the call was made to finalise a concrete law protecting marine biological diversity areas.

Isabelle Picco, a permanent representative of the Mission of Monaco at the United Nations (UN), and Florian Botto, the mission’s first secretary, were both present at the 40th anniversary of the adoption of the Convention of the Law of the Sea, which took place in Montego Bay, Jamaica, on 8th and 9th December.

At the end of a year punctuated by numerous meetings on the oceans, such as the UN Ocean Conference in Lisbon in which Prince Albert II took part, the Monegasque diplomat said that the pressures on the oceans are increasing, in particular due to pollution and the adverse impacts of climate change.

He spoke about how Monaco promotes ocean conservation through effective marine protected areas and has always supported marine science and research, highlighting the first ever science festival organised in October 2022 by the Scientific Centre of Monaco, praising its work and that of the Oceanographic Institute, the marine environment laboratories of the International Atomic Energy Agency, and the International Hydrographic Organisation, established in the Principality.

In celebrating the 40 years of marine multilateralism ushered in by the adoption of the Law of the Sea, considered “the constitution of the oceans”, speakers in the General Assembly also underscored the need to continue that tradition with a binding instrument on sustainable use of marine biological diversity of areas beyond national jurisdiction.

In his opening address, General Assembly President Csaba Kőrösi called for the need for a legally binding tool to better manage marine conservation areas that fall beyond national jurisdiction.

António Guterres, Secretary-General of the United Nations, continued by reminding delegates that “the Convention is more relevant than ever”, and stressed the importance of ending the division between profit and protection as well as the support of developing countries, particularly those with small islands.

While reflecting on the history of the convention, the common theme of discussion by delegates was the agreement that further governance is required.

Some of the notable comments made by speakers included those from Rwanda’s representative, speaking for the African Group, who criticised the current framework as being “fragmented and inadequate” while South Korea asked for a “soul-searching” examination of the robustness of the current Convention.



“Ocean rights, like human rights, is about shifting our core values”



Partnership renewed between CFM Indosuez Wealth Management and Oceanographic Institute

CFM Indosuez Wealth Management has continued its commitment to protect the oceans in renewing its partnership with the Oceanographic Institute of Monaco, a key player in the Principality’s sustainability strategy.

As part of this partnership, the Oceanographic Institute will continue to provide CFM Indosuez with its expertise in terms of blue economy and blue finance, in connection with the major challenges facing the oceans. The bank’s clients will benefit from dedicated conferences and private visits to the Oceanographic Museum, and its employees will be able to take part in the projects carried out by the Oceanographic Institute as part of solidarity days.

CFM Indosuez was a forerunner in Monaco in 2002 with the first Monegasque fund dedicated to sustainable development. It has since strengthened its blue finance offer with two solidarity-based structured products in 2021 and 2022, called CFM Indosuez Oceano. These products, structured by Crédit Agricole CIB, include a solidarity component in the form of a donation made by clients, with a participation from CFM Indosuez and Crédit Agricole CIB.

As a result, €171,000 was raised in 2021 and €186,000 in 2022 and donated to the Oceanographic Institute in support of its Mission Polaire programme and its actions to preserve the oceans and marine ecosystems.

“The support provided by CFM Indosuez to the Oceanographic Institute is one of the pillars of our commitment to the protection of the Ocean, alongside the blue finance that we are actively developing,” said Mathieu Ferragut, CEO of CFM Indosuez, at a partnership renewal signing on Thursday 15th December. “Together with all our employees, who are involved in the Oceanographic Institute’s projects via Citizen Days, we are very happy to continue our partnership with this major player in environmental mediation, whose values and attachment to the Principality we share.”

“The Oceanographic Institute and CFM Indosuez share a common ambition, that of a more sustainable future for the planet and the Ocean,” added Robert Calcagno, Oceanographic Institute CEO. “We are delighted to continue this privileged partnership, for its valuable financial contribution and the operational commitment of its employees to our projects. The support of CFM Indosuez is essential for deploying ever stronger collective action and mobilisation.”



Photo: CFM Indosuez CEO Mathieu Ferragut and Oceanographic Institute CEO Robert Calcagno,   Michel Dagnino

The art of Christmas Nativity in Monaco

A grand tradition in the Principality, the Chemin des Crèches de Monaco displays nativity scenes from around the world on the ramparts leading up to the Rocher.

It is one of the most-loved events of the Monaco Christmas season and was opened to the public earlier this month with a blessing by the archbishop of Monaco, Dominique-Marie David.

The artistic offering, which was launched in 2014, aims to add to the joy and festivities celebrated during Christmas time, as well as providing an educational and cultural element to visitors by sharing various scenes that have been brought to the Principality from all countries and continents around the world.

One of the most special installations is the nativity scene from the Committee of Monegasque Traditions, which can be found at the Place de la Statue de la Mer. This classic and traditional exhibition was commissioned in the early 19th century, and includes 25 different subjects to discover and admire. This treasured heritage item has been painstakingly restored and is an incredible piece of history as well as a beautiful nativity scene to enjoy with family.

Conclude your journey through the genres and interpretations of the Nativity with a visit to the Grand Chalet in the Place du Palais. It is a nod to the “Explorer Prince of Monaco”, Prince Albert I, and his many maritime voyages, with decorations reminiscent of a ship’s interior. This is complemented by various smaller nativities that represent scenes from countries the Prince visited on his countless expeditions.

The display, which is entirely free to access, can be found on the Rampe Major that leads pedestrians from the Condamine to the so-called Rock. It is open every day until 8th January. For the route, please click here.


Photo source: Gaetan Luci of the Palais Princier de Monaco


Club Suisse de Monaco celebrates Christmas at Hôtel Hermitage

Members and friends of the Club Suisse de Monaco came together on Thursday 8th December for a traditional Christmas dinner at the beautiful Salle Excelsior of the Hôtel Hermitage in Monaco.

Along with plenty of cheer, laughter and delicious food, guests had the honour of listening to a Christmas speech by Swiss Honorary Consul Urs Minder. It was also an opportunity for the President of the Club Suisse de Monaco, Dr. Arik Röschke, to welcome and introduce new members.

The evening also featured violinists for a party that continued late into the night.

The Club Suisse de Monaco was founded in 1949 and is a social club that connects the local Monegasque, Swiss, and international communities and unites them for events throughout and around the Principality.

Future events organised by Club Suisse the Monaco include the Galette des Rois on 12th January and the Soirée Raclette on the 23rd February 2023. Visit Club Suisse de Monaco’s website for more information