In the Netherlands, a coalition of multinational and large Dutch companies is taking steps to make their impact on natural and social capital visible throughout their entire value chain, with the help of civil society organizations. This unique initiative of companies, NGOs and the government teaming-up. Their ambition is formalized in a "Green Deal" signed by IUCN-NL, True Price, Corporate Social Responsibility (CSR) Netherlands and the Dutch government. The Green Deal is linked to the global Natural Capital Protocol.
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The aim of this initiative is to raise financing to address climate change impact on coastal and marine biodiversity, and at the same time build the resilience of these ecosystems by reducing the anthropological pressures on them. The project will involve the creation of a large marine protected area covering approximately 30% of Seychelles Exclusive Economic Zone (EEZ). Through the elaboration of a Marine Spatial Plan (MSP), 50% of the protected area will be a no-take zone. The MSP is currently going through a stakeholder consultative process.
UNDP and the Government of Seychelles are implementing an ambitious conservation programme in Seychelles, funded primarily by the GEF with help from other partners. Two projects of a very specific nature stand out. A new UNDP-GEF protected area finance project aims to improve the financial sustainability and strategic cohesion of Seychelles’ protected area system, while also dealing with emerging threats and risks to biodiversity in a shifting national economic environment.