True “blue economy” investment in coasts and oceans are undertaken with an intent to generate positive environmental and social impact, along with sustainable financial return. As the impact investing community well knows, there is a need for practical and meaningful metrics to measure the performance of these impact investments.
Many existing principles can be adapted, such as the IFC Performance Standards, Equator Principles, Global Environment Facility reporting standards and others. New standards, criteria and indicators are being developed at a rapid pace. The majority focus predominantly on the terrestrial context, climate change and aspects of sustainable development outside of oceans. The IRIS database from the GIIN, for instance, offers a full catalog of impact investment performance metrics. But as interest in oceans grows stronger, new ocean investment-focused indicators are arising, for example with funds like the Meloy Fund and the Blue Action Fund.
The Climate Bonds Initiative, for instance, is developing a set of green bond criteria for marine assets, including marine renewable energy, sustainable fisheries and coastal infrastructure.
PEMSEA has developed a State of the Coasts (SOC) reporting system. The SOC system includes 35 simple, meaningful core indicators to evaluate the impact of ICM implementation over time.
PEMSEA is interested in working with other organizations developing practical standards and indicators for monitoring impact investments in coasts and oceans. Please contact us at firstname.lastname@example.org.