Deutsche Bank Supporting Ocean Conservation Across Asia Pacific

In an effort to conserve marine biodiversity in Asia Pacific Deutsche Bank has announced an update on its partnership with The Nature Conservancy (TNC).

Partnering with TNC, the Frankfurt headquartered institution has been funding community conservation projects in Indonesia, Hong Kong SAR, Mainland China, and Australia.

According to a statement from the bank, since its launch last year, the partnership has achieved a number of successes which include protecting critically endangered turtles and improving rural livelihoods in Indonesia.

Deutsche Bank’s funding has helped train and employ 18 Indigenous community members at Wakatobi National Park in Indonesia as turtle rangers to monitor and protect the critically endangered sea turtles.

Wakatobi National Park is one of only two marine parks in Indonesia and is home to unparalleled marine biodiversity. Its tapestry of habitats attracts a diverse range of creatures, but the ongoing population decline of endangered green turtles and hawksbill turtles is alarming and caused by human activity at nesting beaches. The odds of a hawksbill turtle hatchling reaching adulthood are just 1 in 1,000.

Alternative and Sustainable Livelihoods

By training and employing locals in science-based conservation, the bank has helped create alternative and sustainable livelihoods that incentivise them to protect turtles instead of hunting them. The locals are also trained and equipped to help monitor turtle nesting behavior, providing valuable data for ongoing conservation efforts.

The German lender has also helped conduct the first-ever comprehensive research on the conservation and restoration of oyster reef habitats in China.

In China, vast swathes of oyster reefs have been lost due to coastal development and environmental issues. The distribution and status of remaining oyster reef habitats are largely unknown. With Deutsche Bank’s support, the first-ever research report on oyster reef habitat conservation and restoration in China was completed and presented to various academic institutions, government departments and NGOs.

The report provides a comprehensive overview of oyster reefs in China, including their distribution, conservation, and restoration practices and gaps in existing efforts.

The report also presents solutions to support technical frameworks and relevant policies and is expected to significantly contribute to China’s oyster reef conservation and restoration efforts.

Reef Restoration and Research

Discarded seashells can significantly enhance the restoration of coral reefs. Artificial reefs created by placing materials, such as discarded seashells, on the ocean floor provide a foundation for new coral to grow on, and a habitat for fish and other marine life.

With Deutsche Bank’s support, more than 22 tons of discarded shells from the aquaculture and restaurant industry was collected, which were then used to create the foundation for new living shellfish reefs at Tolo Harbor and Yung Shue O in Hong Kong.

Through multiple deployment and monitoring cycles, shellfish reefs can be restored in various parts of Hong Kong with this unique strategy. The bank’s employees in Hong Kong have also volunteered their time to collect discarded oyster shells for this initiative.

And in Australia, with Deutsche Bank’s backing, by seeding oyster reefs with 6 million baby oysters, TNC is helping restore 4 hectares of critically rare shellfish reef habitat in New South Wales. By rebuilding and regenerating shellfish reefs, this initiative is creating employment opportunities for coastal communities, and supporting coastal industries that depend on healthy reef ecosystems.