Exchange in Focus: Euronext announced a partnership on programme for young blue economy entrepreneurs
20 January 2021
- Blue Economy (oceans, seas, and marine resources): with all participating countries adjacent to the ocean, it is vital to protect the resource base on which economic activities depend. Euronext’s goal is to be a leader in advancing the Blue Economy in order to address the threats to the oceans and contribute to enhanced coastal resilience.
- Financial literacy: as a market infrastructure, Euronext is at the center of financial markets and communities. Improving the financial knowledge and skills of young Europeans will impact the broader community of stakeholders at the local level, including businesses, teachers, parents, and the school community at large.
SSE Partner ExchangeAs an Official Supporter of the United Nations’ Sustainable Stock Exchanges initiative since 2015, Euronext is firmly committed to the UN’s “2030 Agenda for Sustainable Development”, being one of the Sustainable Development Goals embraced in its ESG roadmap: “Goal 14: Life Below Water”. On 2 June 2020, Euronext became the first exchange to sign the nine Ocean Principles with the ambition to take a leading role in advancing the Blue Economy. Euronext contributed to the UN Global Compact Sustainable Oceans Business Group formalizing the UN Blue Bond principles, available since April 2020.
Sustainable Blue Economy Finance PrinciplesTo help guide the crucial role that banks, insurers and investors can play, the Sustainable Blue Economy Finance Principles were unveiled in 2018. The principles provide a guiding framework for financing a sustainable ocean economy, and were developed by the European Commission, WWF, the World Resources Institute and the European Investment Bank. Building on the momentum of these principles, UNEP FI hosts the Sustainable Blue Economy Finance Initiative; a new platform bringing together financial institutions to work with scientists, corporates and civil society. The Sustainable Blue Economy Finance Principles are the foundational keystone to invest in the ocean economy. Launched in 2018, they are the world’s first global guiding framework for banks, insurers and investors to finance a sustainable blue economy. They promote the implementation of SDG 14 (Life Below Water), and set out ocean-specific standards, allowing the financial industry to mainstream sustainability of ocean-based sectors. More details here and here. The initiative is growing fast and its 50+ members already include leading banks and insurance companies such as BNP Paribas, AVIVA Investors, Willis Towers Watson, the World Bank, EBRD, the Asian Development Bank, and many more.
About the SSE
The SSE initiative is a UN Partnership Programme organised by UNCTAD, the UN Global Compact, UNEP FI and the PRI. The SSE’s mission is to provide a global platform for exploring how exchanges, in collaboration with investors, companies (issuers), regulators, policymakers and relevant international organizations, can enhance performance on ESG (environmental, social and corporate governance) issues and encourage sustainable investment, including the financing of the UN Sustainable Development Goals. The SSE seeks to achieve this mission through an integrated programme of conducting evidence-based policy analysis, facilitating a network and forum for multi-stakeholder consensus-building, and providing technical assistance and advisory services.