Prince Albert II of Monaco Foundation, ODDO BHF, and Altitude Investment Solutions Launch Blue Economy Index
On December 5, 2024, the Prince Albert II of Monaco Foundation, ODDO BHF Asset Management, and Altitude Investment Solutions unveiled the Blue Economy Index at the Yacht Club of Monaco.
In his welcome address Olivier Wenden, Vice Chairman and CEO of the Prince Albert II of Monaco Foundation reminded the challenges faced by the ocean, “from plastic that suffocates our seas to the overexploitation of precious marine resources” stressing that “our response must be collective, bold and of extraordinary magnitude. (…) When companies embrace sustainability, they protect ecosystems, reduce risk, attract conscious investors and ensure their long-term profitability”.
This innovative financial index is designed to promote the transition to a sustainable blue economy, directly supporting Sustainable Development Goals related to marine life, responsible consumption, and clean water.
The initiative addresses the urgent challenges facing the ocean, including plastic pollution and overexploitation of marine resources, aiming to combine financial returns with environmental impact.
From plastic that suffocates our seas to the overexploitation of precious marine resources” stressing that “our response must be collective, bold and of extraordinary magnitude. (…) When companies embrace sustainability, they protect ecosystems, reduce risk, attract conscious investors and ensure their long-term profitability.
Olivier Wenden, Vice Chairman and CEO of the Prince Albert II of Monaco Foundation
Managed by ODDO BHF Asset Management, the index focuses on identifying companies that drive positive change in sectors like sustainable fishing, plastic recycling, and water treatment. By integrating environmental, social, and governance (ESG) criteria, the Blue Economy Index serves as a powerful tool for investors seeking to support ocean preservation while generating long-term value.
Nicolas Jacob, Portfolio Manager, Ecological Transition, at ODDO BHF Asset Management
By participating in the creation of this index, we are pleased to help direct investments towards companies that contribute to the protection and preservation of the ocean
Additionally, Altitude Investment Solutions will create tailored investment products to help direct capital toward companies contributing to a sustainable future, furthering the foundation’s mission to protect the world’s oceans. The initiative also supports the foundation’s Mediterranean program, focusing on plastic pollution, marine species conservation, and freshwater ecosystem preservation.
Press Release: Prince Albert II of Monaco Foundation, December 5, 2024
