Blancpain's relation to the Seychelles debuted in 2015 when Blancpain, as founding partner of National Geographic's Pristine Seas, supported a scientific expedition to the Seychelles Outer Islands. Results included a detailed science report for the Seychelles Government, which contributed to the recent increase of its marine protection to 410'000 square kilometers, a full 30% of the country's Exclusive Economic Zone. Moreover, in 2017, The Economist and Blancpain, as founding partner of theWorld Ocean Summit, have awarded the Ocean Innovation Challenge to the Seychelles Blue Bond project, the world’s firstdebt refinancing for ocean conservation. The project resulted in a $21.6 M payment of foreign debt in exchange for in-country financing for long-term conservation and commitment to develop a marine spatial plan that included the 30% goal.
The first stage of our experimental coral restoration project in the Seychelles being very successful, the project is now in phase II with an actual study on coral growth. The research aims to compare different durations of electrification to allow the Mineral Accretion Technology to be even more sustainable and scalable.
Since 2018, Blancpain and Fregate Island Private (FIP) have joined forces to study, restore and preserve the marine environment around the island. Coralive.org and BlueNomads.org led the field projects with additional support from the Green Islands Foundation, and the Seychelles Conservation and Climate Adaptation Trust.