SRI LANKA
The Grant Fund SCLRI programme aims to protect climate-resilient coral reefs by scaling 12 sustainable reef-positive enterprises. The Equity Fund has invested in Oceanpick.
Priority Locations
- Bar Reef Sanctuary and the Seascape
- Pigeon Island Marine National Park and the Seascape
- Kayankerni Sanctuary and the Seascape
Partners
Convening Agent: International Union for Conservation of Nature (IUCN)
Key Implementing Partners: Department of Coast Conservation and Coastal Resource Management, Department of Fisheries and Aquatic Resources, Department of Wildlife Conservation, Ministry of Environment, Ministry of Wildlife and Forest Resources Conservation, Sarvodaya Shramadana Movement, Blue Resource Trust, Environment Foundation Limited, Biodiversity Sri Lanka
2030 Targets
30K HA
Coral reefs under conservation and sustainable management target
$24M
Private investment, returns & co-financing leverage target
150K
Community members benefiting from improved resilience, sustainable livelihoods, and increased income target
Overview
The Sri Lanka Coral Reef Initiative (SLCRI) aims to focus on protection of climate ‘refugia’ coral reefs that have the potential to withstand climate impacts through the scaling of 12 sustainable reef-positive enterprises. SLCRI is expected to increase the resilience of 150,000 coastal community members and nearly 250,000 hectares of marine area, including more than 30,000 hectares of biodiversity-rich coral reefs. The SLCRI programme initiatives are expected to generate a transformational shift in the way coral friendly approaches are adopted and upscaled in Sri Lanka.
The Equity Fund has also invested in Oceanpick, South Asia's leading oceanic barramundi farm, which holds both Best Aquaculture Practices (BAP) and Aquaculture Stewardship Council (ASC) certifications. This investment aims to showcase advanced sustainable aquaculture practices, promote economic development in local communities, and support climate-resilient livelihoods for coastal communities in Sri Lanka.
