Althelia Sustainable Ocean Fund

“In the Netherlands, we have been observing the destructive consequences of climate change on the oceans for years and we are excited to become one of the first investors in the nascent but high-potential sector of the blue economy.” (Floor van Oppen, Fund Manager IDF)

Through a blended finance approach, FMO and IDF committed USD 7.5 mln to the Althelia Sustainable Ocean Fund (ASOF); a pioneering impact investment vehicle that supports marine and coastal enterprises in delivering food security, improved livelihoods and marine conservation.

ASOF will invest real assets in the “blue economy”, applying best-in-class social and environmental governance to finance sustainable management and the protection of marine habitats, produce significant climate-smart fish protein and support employment in underserved communities of Latin America and Africa.