Blue bonds, which have emerged as an innovative new financing mechanism to support projects focused on the sustainable use of ocean resources, should be attracting increasing interest from seafood companies.
However, since the first blue bond was issued in 2018 in the Seychelles, only a handful of seafood companies have used the bonds to raise funding.
In 2021, Thai Union issued $182 million (€162 million) blue finance bond and Icelandic fishing group Brim issued a combination of blue and green bonds at a value of ISK 5 billion (€33.3
