Deutsche Bank is 'first' to join ocean protection alliance

Mark Battersby
clock • 2 min read

The international private banking arm of Germany's largest bank has become the first such organisation to join the Ocean Risk and Resilience Action Alliance (ORRAA), a multi-sector collaborative membership organisation that aims to drive investment into coastal natural capital. Launched at the United Nations' Secretary General's Climate Action Summit in 2019, the ORRAA aims to drive $500m of investment into coastal and marine ecosystems by 2030. It brings together governments, financial institutions, insurance companies and environmental organisations to protect the ocean and surround...

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