The Prince Albert II of Monaco Foundation, in collaboration with ODDO BHF Asset Management and Altitude Investment Solutions, has launched the Blue Economy Index, a groundbreaking financial tool aimed at promoting a sustainable ocean economy.
Launched on 11th December 2024, the Blue Economy Index is designed to guide investments into companies demonstrating strong environmental, social, and governance (ESG) commitments, particularly those involved in sustainable fisheries, waste management, plastic recycling, and water treatment. Managed by ODDO BHF Asset Management, the index identifies global leaders in advancing the “blue economy” and serves as a benchmark for creating bespoke financial products.
“From plastic pollution to the overexploitation of marine resources, our response must be bold and far-reaching,” said Olivier Wenden, Vice President and CEO of the Prince Albert II Foundation. “Integrating sustainability into business strategies not only protects ecosystems but also attracts conscious investors and ensures long-term profitability.”
The blue economy focuses on harnessing the ocean’s resources for economic growth while ensuring the preservation of marine ecosystems and promoting sustainability in industries like fishing, energy, and tourism.
The Blue Economy Index represents a significant step in the Foundation’s strategy to merge philanthropy and impact investment. It offers investors a concrete opportunity to contribute to the preservation of marine ecosystems while supporting resilient, low-carbon societies. Altitude Investment Solutions will complement this effort by creating a range of tailored investment products based on the index.
See also: Monaco to host Blue Economy and Finance Forum as part of 2025 UN Ocean Conference
Proceeds from the index’s management fees and entry rights will directly support the Foundation’s Mediterranean program, which combats plastic pollution, protects species like the monk seal, strengthens marine protected area management, advances scientific research, and preserves freshwater ecosystems. With reduced management fees and financial contributions from both partners, the initiative reflects a unified commitment to securing a sustainable future for the oceans.
The new Blue Economy Index aligns with Sustainable Development Goals 14 (life below water), 12 (responsible consumption and production), and 6 (clean water and sanitation).
See also:
Podcast: Olivier Wenden, CEO of the Prince Albert II of Monaco Foundation
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