German asset manager DWS has partnered with the World Wide Fund for Nature (WWF) in the launch of an equity fund focusing on ocean protection.
Managed by Paul Buchwitz, the fund seeks to support the ‘blue economy’ and also have a positive effect on the sustainable actions of companies operating within it.
The DWS Concept ESG Blue Economy fund will invest in businesses whose purpose is to improve the state of the world’s oceans. These could be companies focusing on curbing ocean acidification, reducing marine pollution, and also dealing with the sustainable use of marine resources, according to DWS.
The WWF estimates that the global value of ocean-related assets is around $24 trillion (€19.7 trillion).
Parisa Shahyari, an economist at WWF, said: “By redirecting capital flows into sustainable business models, the financial industry has tremendous leverage which can be used to protect the planet.”