Finance in focus: NGOs bring together industry and ministers to discuss the future of finance in the Baltic sea

CCB • October 20, 2021

20 October – Lübeck, Germany – In conjunction with the HELCOM Ministerial Meeting to adopt the updated Baltic Sea Action Plan (BSAP) [1], WWF along with Coalition Clean Baltic (CCB) have invited high-level ministers, finance representatives and NGOs together to discuss ‘how regional investments in the seascape can help support and restore the Baltic Sea.


A healthy ocean provides blue natural capital which our economy, our societies and our future are dependent upon. The BSAP is lacking robust financial indicators that support a Sustainable Blue Economy (SBE) and Good Environmental Status in the Baltic Sea and so there is a real need to find ways to engage the finance industry. Valerie De Liedekerke, Manager and Interim Director of the WWF Baltic Ecoregion Programme says: “Investors have a significant role to play in improving the Baltic Sea environment. In fact, they have clear asks for political commitment to provide security, stability and guidance (a roadmap) on how to support achieving the goals of the BSAP to deliver towards a sustainability pathway. WWF and CCB make the case that a sustainable pathway is not only economically beneficial for the finance industry but also allows governments to achieve global targets that ultimately benefit nature and generations to come.”


At the event, findings from recent reports will be presented showing which sectors are exposed to the risk of declining ocean health and the value of assets and revenue in a business-as-usual versus a sustainable development scenario [2]. An upcoming WWF report ‘Financial Flows into the Baltic Seascape’ will highlight the main blue economy sectors in the Baltic as well as future sectoral development in the region along with their environmental and social impacts. It will also highlight the various types of financial mechanisms that would support an SBE in the Baltic region.


Initial findings show that despite decades of work to achieve a Good Environmental Status in the Baltic Sea and access to a variety of existing financial mechanisms to support achieving an SBE, there remain significant discrepancies between what sectors the governments are investing in and the environmental targets they are committing to,” says Mikhail Durkin, CCB Executive Secretary.

The Baltic Blue Economy is currently some distance from being a Sustainable Blue Economy that would ensure nature thrived and resources are available in perpetuity. However, with political commitment, well-targeted and sustainable finance can accelerate the transition to a Sustainable Blue Economy by flowing into companies and sectors that have overall positive environmental and social impacts on the Baltic Sea region.


For further information:

Valerie de Liderkerke, Interim Director, WWF Baltic Ecoregion Programme, valerie.deliedekerke@wwf.se


Hannah Griffiths Berggren, Communications Manager, WWF Baltic Ecoregion Programme hannah.griffiths.berggren@wwf.se


Mikhail Durkin, Executive Secretary, Coalition Clean Baltic mikhail.durkin@ccb.se


Federica Pastore, Communication Officer, Coalition Clean Baltic federica.pastore@ccb.se


Notes to the editors:

CCB – Coalition Clean Baltic is a politically independent, non-profit association, which unites 23 member organizations and 1 observer, with over 850,000 members in all countries around the Baltic Sea. The main goal of CCB is to promote the protection and improvement of the Baltic Sea environment and its natural resources. More info at www.ccb.se.

WWF Baltic Ecoregion Programme – is an ambitious and highly influential force working to conserve and restore the health of the Baltic Sea. The programme is comprised of WWF and NGO partners in each of the nine coastal Baltic Sea countries. Representing the region’s largest membership network, the programme’s approach has been to work with public and private sector partners toward ensuring a healthy, productive Baltic Sea through sustainable, ecosystem-based management. More info at: https://www.wwfbaltic.org

The update process -HELCOM launched the Baltic Sea Action Plan (BSAP) process nearly two years ago and WWF and CCB have been active participants in the ongoing stakeholder process to develop the plan. WWF and CCB participated as official HELCOM Observers to the Ministerial Meeting today, and WWF delivered a statement made on behalf of the environmental NGOS, stating the concern that this plan lacks the very tough actions and commitments which are needed to achieve its objectives.


[1] For more detail on the background, goals and objectives of the HELCOM Baltic Sea Action Plan please visit: http://www.helcom.fi/BSAP/en_GB/About_BS/
[2] Global value at risk report: 
https://value-at-risk.panda.org/#intro

By CCB August 20, 2026
It is with great sadness that the Coalition Clean Baltic shares the news of the passing of Petro Hrytsyshyn, a long-standing colleague, environmentalist and true friend of the CCB family. The hospitality and warmth with which he embraced each and every one of us in Lviv will always be an example of genuine and close relation and lasting, professional friendship. For many years, Petro was Director of the Western Centre of the Ukrainian Branch of the International Centre for Scientific Culture – World Laboratory, one of CCB’s oldest member organisations in Ukraine. But it is the role he played in our family of environmental NGOs in the Baltic Sea Region that we will remember him for. Petro was one of the people who helped build, connect and sustain the international environmental community of which CCB is a part. For decades, he worked across borders and disciplines, bringing together scientific knowledge, environmental organisations, local communities and international partners around a shared belief that environmental challenges can be met through cooperation, practical solutions and persistence. Within CCB, Petro was a familiar and valued presence at conferences, seminars and joint activities over many years, representing Ukraine and the Western Centre while also contributing his own knowledge and experience to the wider Baltic Sea community. He hosted numerous CCB activities in Lviv and shared his expertise on the issues closest to him: water protection, sustainable sanitation, ecological safety and sustainable agriculture. He also represented the Western Centre in international environmental processes, contributing to discussions on environmental protection, water management and sustainable development. What made Petro's contribution especially important was that he understood environmental protection not only as a matter of policy or science, but as something that had to work in practice, on the ground. His work on ecological sanitation and wastewater management, for example, sought practical ways of reducing pollution and protecting water resources in rural areas of Ukraine. He continued this work into recent years. In 2023, Petro was among the experts contributing to CCB's analysis of the Greatest Water Management Challenges in the Baltic Sea Region, bringing the Ukrainian perspective into a broader regional assessment. More recently, he contributed to the Green Recovery Plan for the Ukrainian part of the Vistula River Basin, including the Western Bug and Syan sub-basins – work that reflected the qualities of his whole career: international cooperation, practical environmental knowledge and a commitment to the future of Ukraine's rivers and communities. For those of us who worked with him, however, his legacy is not only projects, publications and meetings. In a network such as CCB, people are the foundation of cooperation, and Petro was one of those people who kept the connections alive through changing political circumstances, new environmental challenges and difficult times that Ukraine faces as a result of Russia’s unprecedented war of aggression. He represented a generation of environmental professionals and civil society activists who understood that lasting environmental progress depends on solidarity, openness and the willingness to work together across borders. His long commitment to cooperation between Ukrainian and European environmental organisations was an important part of that legacy. CCB is grateful for the many years of cooperation with Petro, for his knowledge and commitment, for his hospitality and friendship, and for the bridges he helped build between people and organisations working for a healthier environment. Our thoughts are with his family, friends, colleagues and all those who had the privilege of knowing and working with him. Petro Hrytsyshyn 1951–2026 May the memory of Petro Mykhaylovych remain with all of us who continue the work to which he devoted so much of his life.
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