The Seychelles Conservation and Climate Adaptation Trust (SeyCCAT) vision is for Seychelles oceans and islands to be stewarded by the people of Seychelles, generating sustainable benefits for future generations to share. SeyCCAT is driven by a mission to strategically invest in ocean stakeholders to generate new learning, bold action and sustainable blue prosperity in Seychelles.
SeyCCAT is an independent Trust that was legally established in November 2015. The Trust is governed by diverse Board of Directors and performs exclusively for charitable, educational and scientific purposes for the benefit of the people of Seychelles. With the support of The Nature Conservancy (TNC), SeyCCAT has purchased and restructured US$21.6M in Government of Seychelles debt. This novel mechanism is capitalizing an endowment, and is providing an annual fund accessible by non-governmental organizations, the private sector, individuals and government departments. SeyCCAT has already leveraged these funds against additional capital, and is now working with the Seychelles Ministry of Finance and Economic Planning, Blue Economy Department and the World Bank to support the issuance of a sovereign US$15M Blue Bond, with proceeds in part being managed by SeyCCAT.
Through these assets, SeyCCAT will provide a sustainable flow of funds to support Research and Development, Organisation and Management, Planning and Policy, and Communication and Capacity that will enable SeyCCAT to deliver its objectives to:
Support new and existing marine and coastal protected areas and sustainable use zones;
Empower the fisheries sector with robust science and knowhow to improve governance, sustainability, value and market options;
Promote the rehabilitation of marine and coastal habitats and ecosystems that have been degraded by local and global impacts;
Develop disaster risk reduction and social resilience plans to mitigate the effects of climate change; and,
Trial and nurture business models to secure the sustainable development of Seychelles blue economy.
SeyCCATs commitment is to competitively grant at least US$ 750,000 per annum to support the stewardship of Seychelles ocean resources, island life and blue economy. SeyCCAT, however, is more than a philanthropic donor and understands that its objectives can only be successfully delivered if the people, organisations and businesses that benefit from investment are empowered with knowledge and capacity. As such, to help deliver the vision, SeyCCAT is also committed to developing partnership dialogues and aims to share its learning throughout Seychelles as well as with other SIDS. SeyCCAT will also support more broadly the initiatives and SDG14 voluntary commitments of the Western Indian Ocean (WIO) region such as the Nairobi Convention, Northern Mozambique Channel initiative and WIO Coastal Challenge.
Further develop innovative financing mechanisms to boost the assets of SeyCCAT.
Create a national blue partnership dialogue to identify and incubate viable projects, and to build capacity.
ESG screened investments to support MPAs, fisheries management, ecosystem rehabilitation, adaptation planning, and the blue economy.
Support the dialogue and development of a Trust fund for the Western Indian Ocean region.