Bloomberg Philanthropies and Arcadia have launched a new fund (the Fund) to help secure protection for 30 percent of the world’s oceans by 2030, as outlined in Target 3 of the landmark Kunming-Montreal Global Biodiversity Framework (GBF). Housed within Oceans 5, the Fund provides a unique opportunity to make progress toward this target for the benefit of people, nature, and the global climate.
Launched at the 2023 Our Ocean Conference, the Fund focuses on supporting the ambitions of Indigenous Peoples, coastal communities, non-government organizations (NGOs), and governments to strengthen the health and resilience of the ocean.
For more information on the Fund’s strategy, anticipated impact, and approach, read the prospectus.
Approved Projects
Approved Projects (updated on a biannual basis – Last updated August 2025)
