Ocean Risk and Resilience Action Alliance (ORRAA) is an international initiative focused on addressing the growing risks associated with ocean degradation and climate change. ORRAA works at the intersection of finance, insurance, and environmental protection to develop and promote ocean-based solutions that strengthen coastal resilience and mitigate ocean-related risks.
The key goals of ORRAA include mobilising investment into projects that enhance coastal and marine ecosystem resilience, supporting vulnerable coastal communities, and driving climate adaptation strategies. Through these efforts, the organisation aims to mitigate risks such as rising sea levels, ocean acidification, and extreme weather events that disproportionately affect these communities.
ORRAA’s structure is built on a coalition of public and private sector partners, including governments, businesses, and non-governmental organisations (NGOs). By bringing together diverse expertise from finance, science, and environmental management, ORRAA promotes innovative financial solutions and strategies to address ocean risks. This includes developing tools and models for risk assessment, climate resilience financing, and investment in natural capital to support sustainable ocean economies.
In the realm of sustainable finance, ORRAA plays a pivotal role by linking investment to measurable environmental and social outcomes. It provides practical tools and financial mechanisms that help finance professionals and insurers understand and manage the risks associated with ocean and coastal ecosystems. ORRAA’s research focuses on identifying investment opportunities in ocean health and resilience, supporting the development of a sustainable blue economy.
Through its work, ORRAA fosters the integration of ocean risk into financial decision-making and promotes sustainable finance as a means to protect marine ecosystems and support communities at the frontlines of climate change.
Our mission, by 2030, is to activate at least USD$500 million of investment into this space, and in so doing, help build the resilience of 250 million climate vulnerable coastal people in the Global South.
