The Sea Change Impact Financing Facility (SCIFF)
The Sea Change Impact Financing Facility (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 development of an investible project and product pipeline from the ground-up by building out the large-scale investments needed to build the capital markets for the Ocean – an ocean financing ecosystem. It will also integrate sustainable blue finance into broader climate and biodiversity finance so that it becomes second nature to invest into planetary health on land and at sea.
ORRAA launched the SCIFF concept at the One Ocean Summit hosted by President Macron in Brest, France, in early 2022. The Alliance has worked since then to further develop the vision to accelerate and unlock investment, to innovate and scale.
ORRAA will be working together with its members on a blue finance delivery roadmap between now and 2025. This will include developing financing instruments, bridging policy frameworks, building financial literacy, and developing pathways and scalable tools to unlock financing for coastal and ocean resilience and regeneration.
SCIFF’s Sectors:
The SCIFF is focused on investing into ocean, coastal nature and resilience that builds the adaptative capacity of communities, drives biodiversity positive outcomes and is integral to securing comprehensive climate-smart solutions. Its various components focus on six sectors:
SCIFF’s financial components:
Looking forward to 2025, ORRAA’s main objective is to develop the core components of a coherent sustainable ocean financing ecosystem.
This multi-layered facility will provide an architecture that complements and responds to efforts already underway.
ORRAA is now navigating forward by focusing on the deployment of four new blue financing instruments over the next three years: