NatureMetrics, a pioneering UK-based environmental technology company that provides innovative biodiversity and ecosystem health tracking and measurement systems, has become the first company to join the portfolio of the ReOcean Fund, an initiative launched by Prince Albert II and his eponymous foundation almost two years ago.
Healthy oceans are critical to a healthy planet. The world’s oceans absorb 93% of the heat from anthropogenic greenhouse gas emissions, contribute €1 trillion to the global economy and feed almost half of the global population, yet they are being degraded in alarming ways through neglect and human-generated pollution.
During Monaco Ocean Week 2023, Prince Albert II announced that the Prince Albert II of Monaco Foundation had partnered with Monaco Asset Management to create and launch the ReOcean Fund, a concept designed to offer regenerative solutions to the challenges facing the world’s oceans.
“There are very few tasks as vast, complex, overwhelming, and yet as urgent as the ones we are dealing with here: to save the ocean,” said Prince Albert at the time. “The ocean needs us, and it needs you.”
The overarching goal of the ReOcean Fund is to channel €100 million over 10 years into SDG No.14, ‘Life Below Water,’ which aims to catalyse the next generation of ocean innovations to support the transition towards a net-zero, regenerative and more equitable economy.
Over the past few years, the ReOcean Fund has called on organisations willing to invest in its goals, which focus on supporting groundbreaking Series A and B companies in five key areas aligned with SDG 14: tackling plastic pollution, fostering sustainable blue food systems, advancing green shipping and yachting, promoting restoration and protection efforts, and enhancing ocean data capabilities.
It is within this fifth sector that NatureMetrics finds its strongest alignment.
Recognised globally for its pioneering use of environmental technology, the UK-based company is an ideal fit for the ReOcean project. NatureMetrics provides innovative solutions enabling businesses to track their environmental impact while meeting emerging nature-reporting commitments. The company has now become the first to join the ReOcean Fund’s portfolio, having recently won a Planetary Health Award at an event hosted in the Principality by the Prince Albert II of Monaco Foundation.
See more: Three visionaries in sustainability and conservation recognised at 2024 Planetary Health Awards
“NatureMetrics is revolutionising biodiversity data by turning insights into actionable strategies that align economic growth with environmental and ocean resilience,” said Olivier Wenden, Vice-Chairman and CEO of the Prince Albert II of Monaco Foundation. “This innovation drives value creation while setting a new benchmark for embedding ocean health into business decisions—a natural fit for the ReOcean Fund’s mission to transform the blue economy.”
With €50 million already raised towards its €100 million target, the ReOcean Fund will continue mobilising capital into 2025 to drive the next wave of ocean innovation. So far, 19 investors, including the Monaco Government, have committed to the fund’s vision.
Read related:
Interview: Olivier Wenden, CEO of the Prince Albert II of Monaco Foundation
Monaco Life is produced by real multi-media journalists writing original content. See more in our free newsletter, follow our Podcasts on Spotify, and check us out on Threads, Facebook, Instagram, LinkedIn and Tik Tok.
Photo source: NatureMetrics