Changemakers Gather to Form Ocean Investment Community
More ultra-high net worth individuals globally are supporting ocean conservation and impact, as seen this week in Mallorca, Spain, where Deutsche Bank's International Private Bank (IPB) and the Ocean Risk and Resilience Action Alliance (ORRAA) hosted more than 100 influential investors, entrepreneurs, and philanthropists to accelerate ocean sustainability.
The inaugural Deutsche Bank x ORRAA Ocean Conference seeks to establish an investing community to promote a sustainable blue economy, starting with Deutsche Bank clients.
Deutsche Bank's International Private Bank, one of Europe's largest private banks with global reach, serves over 3.3 million clients globally, including many of the world's greatest entrepreneurial families, philanthropists, and ultra-high net worth individuals. Those in attendance represent tens of billions of euros in capital and are actively working to promote and create an impact on ocean health for long-term sustainability.
Global Head of the IPB and Chief Executive Officer of EMEA, Claudio de Sanctis, said:
“Seventy five per cent of our clients say they wish to leave a legacy that has a positive impact on the world. A healthy ocean ecosystem is vital for a healthy planet, so supporting sustainable ocean solutions is an investment in the future like no other. Deutsche Bank is committed to accelerating sustainable solutions for the ocean by enabling private capital into ocean finance to create lasting impact for future generations.”
ORRAA Executive Director Karen Sack said:
“We need a step change in how we go about channelling investment into the ocean and coastal resilience. Crucially, we also have to develop the pipeline of projects and companies from around the world and, in particular, the Global South, which need access to investment. This is something which ORRAA is focused on delivering. The conference we are co-hosting with Deutsche Bank is a crucial staging post to growing the investment community in the Ocean.”
Source: Deutsche Bank