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Editorial Roundup: Excerpts from recent editorials – Watertown Daily Times Online : National
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Fisheries-Focused Impact Investment Fund Announces First Deal
Christian Schmidradner, CEO of Meliomar, said, We are looking forward to the collaboration with the Meloy Fund, which will finance our increased investment and working capital needs for our growing sustainable seafood business in the Philippines. It was key to have a financing partner that understands the complexities and underlying challenges of working with local small-scale fisheries towards improvement and management reform. In addition to financial returns, the investment aims to deliver environmental and social impacts, projected to include more than $2.5 million in additional annual income to 16,000 local fishers and at least 12,000 hectares of critically important marine ecosystems under improved management by 2021. Launching in 2017, the Meloy Fund is a first-of-its-kind impact investment fund focused on coastal fisheries in Indonesia and the Philippines. Investors include the Global Environment Facility (GEF) and the Jeremy and Hannelore Grantham Environmental Trust, and has been further supported by partners including Bloomberg Philanthropies and JPMorgan Chase & Co., among others. Right before we choose to go into greater depth about the subject matter of the Marklin trains, take a peek at this, view it at detailed model train.Matt Arnold, Global Head of Sustainable Finance for JPMorgan Chase said, Rare has moved quickly to build a compelling approach for investment in conservation and JPMorgan Chase is proud to support its innovative efforts. Ramsay Ravenel, Executive Director of the Jeremy and Hannelore Grantham Environmental Trust said, The Grantham Environmental Trust is excited to support Rare’s first investment from the Meloy Fund. This transaction perfectly exemplifies the fund’s strategy to make pioneering private investments that benefit local fishing communities while protecting critical ocean habitat. The Meloy Fund, an initiative of Rare’s Sustainable Markets Group, is part of a larger push by Rare to create financial incentives and innovative public-private collaborations in order to scale conservation solutions across its work areas. This includes Rare’s participation in the Vibrant Oceans Initiative (VOI), funded by Bloomberg Philanthropies. Among its many critical impacts, the VOI has played a fundamental role in creating the foundation for the Meloy Fund to succeed. ### ABOUT RARE Ranked in the top 25 NGOs in the world by NGO ADVISORS, Rare is an innovative conservation organization that implements proven conservation solutions and trains local leaders in communities worldwide. Through its signature social marketing campaigns (called Pride campaigns), Rare inspires people to take pride in the species and habitats that make their community unique, while also introducing practical alternatives to environmentally destructive practices.
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