More of the world’s ultra-high net worth individuals are getting behind ocean conservation and impact, as seen this week when Deutsche Bank’s International Private Bank (IPB) and the Ocean Risk and Resilience Action Alliance (ORRAA) host more than 100 influential investors, entrepreneurs and philanthropists in Mallorca, Spain to accelerate ocean sustainability.
The inaugural Deutsche Bank x ORRAA Ocean Conference aims to build an investment community to support the sustainable blue economy, starting with Deutsche Bank’s clients.
As one of Europe’s leading private banks with global reach, Deutsche Bank’s International Private Bank services over 3.3 million clients worldwide, including many of the world’s leading entrepreneurial families, philanthropists and ultra-high net worth individuals. Those attending the conference collectively represent tens of billions of euros in capital and are actively seeking to support and create impact in ocean health for its long-term sustainability.
Over three days, international ocean advocates and experts will convene to address some of the most pressing challenges facing the Ocean, with guest speakers including:
Sir Ben Ainslie CBE, Olympic sailor
Ralph Chami, Assistant Director, Financial Policies Division, Institute for Capacity Development, IMF
José María Figueres Olsen, Costa Rican businessman and politician who served as President of Costa Rica from 1994 to 1998
Louise Heaps, Head of Sustainable Blue Economy, World Wildlife Fund
Prof. Callum Roberts, lead scientist on the Future Climate Coral Bank project
Lewis Pugh, OIG, British/South African endurance swimmer and United Nations Patron of the Oceans
Her Excellency Ilana Seid, UN Ambassador for Palau;
Her Excellency Aminath Shauna, Minister of Environment for the Maldives
Dr. Richard Spinrad, Undersecretary of Commerce for Oceans and Atmosphere, NOAA Administrator, Government of the United States of America
Global Head of the IPB and Chief Executive Officer of EMEA, Claudio de Sanctis said: “Seventy five percent of our clients say they wish to leave a legacy that has a positive impact in the world. A healthy ocean ecosystem is vital for a healthy planet, so supporting sustainable ocean solutions is an investment in the future like no other. Deutsche Bank is committed to accelerating sustainable solutions for the ocean by enabling private capital into ocean finance to create lasting impact for future generations.”
ORRAA Executive Director Karen Sack said: “We need a step change in how we go about channeling investment into ocean and coastal resilience. Crucially, we also have to develop the pipeline of projects and companies from around the world and, in particular, the Global South which need access to investment. This is something which ORRAA is focused on delivering. The conference we are co-hosting with Deutsche Bank is a crucial staging post to growing the investment community in the Ocean.”
The Deutsche Bank x ORRAA Ocean Conference brings together ocean impact startups, private capital, NGOs, and ocean science experts to accelerate investment into the ocean ecosystem.
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
