The 2025 ORRAA Action Report is here!
This year’s Action Report showcases the very real and positive impact of our collective work over the past year. It includes the progress being made around the world by our members and project partners in the development of finance and insurance products to deliver coastal and ocean regeneration and resilience. Over the course of 2025, our work took us from Paris to London, Monaco, Nice and New York; and, from South Africa to Kenya, Tanzania, the Maldives and Brazil, charting the course forward.
2026 will see ORRAA embark on a new three-year strategy forged out of the collective brain that is our Alliance. It recognises the need to sharpen our focus on delivering 50 finance/insurance products to market by 2030 to grow the adaptive capacity and resilience of climate vulnerable coastal communities.
We are more convinced than ever that together, we can build a capital market for the Ocean that delivers a thriving, healthy ocean and more resilient coastal communities by 2030 – turning risk into resilience and resilience into opportunity.
Our Action & Outcomes
In an “ocean super-year”, we engaged in convenings from Paris to Cape Town, Singapore to Toronto. A significant focus was the Blue Economy and Finance Forum (BEFF) in Monaco in June, where ORRAA partnered with Monaco, France and several other partners as part of the core organising team.
The event, which immediately preceded the Third United Nations Ocean Conference (UNOC3) in Nice, France, saw €8.7 billion committed by philanthropists, private investors and public banks to be deployed over the next 5 years into a regenerative and sustainable blue economy. Of this, €1 billion has already been deployed or was investment-ready in 2025.
Insuring the Future
In August 2025, we supported the launch of a parametric reef insurance solution in the Archipelago of San Andrés, Providencia, and Santa Catalina, Colombia by AXA Climate, Fondo Acción, WTW and MAR Fund, with funding through ORRAA from the Government of Canada. This insurance solution releases funds almost immediately after a storm hits, helping local teams dive in – literally – with the tools, training, and support they need to restore damaged reefs and maintain the many benefits these natural assets provide.
The results of our work in this Action Report showcase the ready-to-deploy finance and insurance solutions and partnerships that exist now.
Karen Sack, ORRAA Executive Director
Project Syndicate
Throughout 2025, ORRAA and AXA worked in partnership with Project Syndicate on The Ocean Imperative, a series of high-level opinion pieces that reached an estimated 2 million readers worldwide and were translated into over ten languages. The series featured influential voices including HSH Prince Albert II of Monaco, John Kerry former US Secretary of State and Special Presidential Envoy for Climate, Peter Thomson the United Nations Secretary-General’s Special Envoy for the Ocean, Standard Chartered’s Marisa Drew and AXA’s Ulrike Decoene.
The #BackBlue Ocean Finance Commitment
We were delighted to welcome four new joiners to the #BackBlue Ocean Finance Commitment in 2025: Standard Chartered, which made its announcement at Davos, followed by BNP Paribas, Eurazeo and Mirova at the Blue Economy and Finance Forum (BEFF). Together, with existing endorsers, they bring a cumulative value of USD$3.45 trillion worth of assets under management (AUM) under the umbrella of #BackBlue.
