The Sea Change Impact Financing Facility (SCIFF)
The SCIFF is a collaborative effort to develop an open ocean financing architecture designed to drive at least USD$1 billion of private investment into coastal and ocean ecosystems, with a focus on the Global South, by 2030. This will provide a springboard from which to mobilise at least USD$2.5 billion of broader finance capital.
The SCIFF complements ORRAA’s work to grow an investable product pipeline from the ground-up, by developing investment vehicles to finance a regenerative and sustainable blue economy that bridge the space between grant funding and investment finance. It also works to integrate sustainable blue finance into broader climate and biodiversity finance. This will be crucial in making investments in planetary health – both on land and at sea – second nature.
SCIFF’s financial instruments and platforms mutually re-enforce each other to build a capital market for the ocean, building investor confidence and the critical market infrastructure for capital to flow at scale into the regenerative and sustainable blue economy.
The SCIFF:
• Supports an open architecture for global coastal and ocean finance, complementing the efforts of impact funds, NGOs, corporates, asset managers, institutional investors, development banks and facilitating the entry of additional sources of capital into the space.
• Focuses on delivering positive adaptation and resilience outcomes, that are nature and climate positive, and bring integrity and equity to investments through the full engagement of local communities and locally-led initiatives.
• Integrates insurance tools, guarantees and concessional capital to de-risk investments, helping to attract additional capital to accelerate investment into coastal and ocean resilience.
• Deploys an integrated set of standards and guardrails with mission-led governance based on strong Small Island Developing States (SIDS) and Least Developed Country (LDC) representation.
Governance
The SCIFF will ensure that the perspectives and priorities of stakeholders from the Global South are fully integrated into its functions, and that gender diversity and equity are central. It will offer all key partners a seat at the table and encourage cooperation and learning.
SCIFF’s six instruments:
Outrigger Impact
Outrigger is an innovative blue economy impact solution that provides capital and capacity to projects in Small Island Developing States.
Nautilus The Blue Guarantee Company
The first guarantee facility focused on the regenerative and sustainable blue economy designed to derisk investments.
Octopus Platform
Matches investors to projects and market intelligence with groundbreaking technology at its core.
Neptune Fund
An expendable endowment fund to supercharge philanthropic giving providing flexible, long-term support for community-led conservation work in areas that are overlooked by traditional conservation funding and investment.
Blue Finance Facility
Financing large locally led marine protected areas through pioneering reef-positive businesses.
Blue Bond Accelerator
Building a high-quality blue bond market to catalyse capital flows into the regenerative and sustainable blue economy.