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SOLUTIONS FOR THE OCEAN / THE BLUE ECONOMY | 37

Sustainable finance, INVESTMENT IN NATURE THE SOCIAL IMPACT

OF INVESTMENTS
AND CLIMATE
a driver of the blue economy PIONEERING APPROACHES The question regarding the social impact of invest-
ments is also the core of the project run by Agricorp,
a member of the Ressources Monaco group, a glo-

Managing Director, Frédéric Damasie, showed how
Considered an oxymoron for many years, the ex- bal organisation specialising in natural resources.
pression “sustainable finance” was the focus of the Agricorp’s undertakings, primarily in Africa, were
second half of the conference, which explored the consistent with the promotion of sustainable farming
role of the financial sector in the implementation of and the link between humankind and the economy,
sustainable practices. Stéphane Herpe, one of the for example through sustainable projects in Mada-
three speakers, Chief Investment Officer at CFM In- gascar, chiefly for the benefit of small-scale vanilla
dosuez Wealth Management, highlighted the good growers and their communities.
performance of businesses that invested in the envi-
ronmental responsibility sector, via the Environment, The strategic choice made by CFM Indosuez is fo-
Social and Governance approach. “Companies that cused on the development of investment funds active
anticipated strategies incorporating an ESG ap- in the blue economy with the following levers: smart
proach had better results than the others”. This ap- shipping, job creation, protection of coastal popula-
proach, encouraged by the expectations of younger tions, waste management in the marine environment,
generations, allows for a corporate innovation system conservation of marine life, renewable energies, fight
with complete transparency, which helps to create a against unequal fisheries…, for sustainable, profitable
virtuous circle. investments and a return with social impact.

The social impact of an investment also requires a
rapprochement between the producer and the client,
in the fisheries sectors, believes the President of the
IN Association des Investisseurs Responsables de Mo-
naco and founder of Wealth Monaco. By showing
FIGURES counterexamples which alienate the producer from
the client, Joana Foglia demonstrated the need for
the values of an inclusive economy.
■ 3,000 investments
managed as SRI in Europe in 2021,
■ In the United States, 1/3 of assets
are managed as SRI.

IN
SIGHT

“Socially responsible investing (SRI)
is no longer a niche phenomenon but
a genuine groundswell.”
Stéphane Herpe, Chief Investment
Officer at CFM Indosuez