DNB and HUB Ocean have formed a strategic partnership to strengthen sustainable practices within ocean industries.
HUB Ocean, a non-profit foundation focused on advancing ocean data solutions, will support DNB’s ambition to facilitate responsible investment and lending decisions across its ocean industries portfolio by providing insights into nature impacts and marine ecosystems.
Jan Ole Huseby, head of DNB ocean industries, said: “DNB has for decades been the go-to financial partner for Norway’s ocean industries, and has always believed that investing in ocean industries means investing in the future.
“By collaborating with HUB Ocean, we expect to further strengthen our ability to help our clients adhere to sustainable practices and lead in the transition to a more responsible ocean economy.”
The collaboration aims to support DNB’s commitment to sustainable growth, focusing on the sectors of shipping, seafood, and renewable energy, using HUB Ocean’s Ocean Data Platform and data insights.
HUB Ocean chief executive Kimberly Mathisen said: “We are thrilled to partner with DNB, a bank with a legacy of supporting ocean industries and a deep commitment to sustainability.
“By integrating data from our Ocean Data Platform, DNB can equip ocean industry clients with actionable insights to support responsible business practices and a more sustainable future for our oceans,” she added.
Earlier this week at its capital markets day, DNB said it is on track towards its financing target for sustainable activities of NOK 1,500bn ($136bn) by 2030.
