• Published November 5, 2021

Partnership with Blue Marine Foundation

HAMILTON, BERMUDA, 5th November 2021
Convex Group Limited (Convex) today announces a multi-million-dollar partnership with the Blue Marine
Foundation (BLUE), a charity dedicated to restoring the ocean to health, and the University of Exeter and its
foremost researchers, with the launch of the Convex Blue Carbon Seascape Survey. Bringing together a
multidisciplinary team made up of world-class ocean and blue carbon scientists, this ambitious five-year
global research programme is the largest attempt yet to build a greater understanding of the properties and
capabilities of the ocean and its continental shelves in the earth’s carbon cycle, in the urgent effort to slow
climate change.

The ocean could be our staunchest ally in our fight against climate change, however its impact remains an
unsolved yet fundamental question. In a time of global emergency, the seascape could provide much
needed answers as well as nature-based solutions to the current climate crisis. Spearheaded by BLUE and
the University of Exeter, and in collaboration with leading scientific institutions worldwide, the survey will
provide timely, accurate, and open access data on the world’s seabed carbon stores.

This research is essential; studies have shown that ocean-based mitigation could provide up to a fifth of the
solution needed to limit global warming to 1.5 degrees Celsius and narrow the emissions gap. Yet the ocean
seabed remains largely unprotected and seascape carbon is presently not accounted for in the inventories
of carbon emissions compiled by the Intergovernmental Panel for Climate Change.

Stephen Catlin, chairman and CEO of Convex said: “Anticipating and mitigating future risks is at the heart of
what we do at Convex. Our ability to make informed decisions rests upon our access to and analysis of
robust data – the same is true when combatting climate change.

“Significant results will take global effort. This survey will encompass the expertise of scientists spanning
continents and will build upon the research gathered from the Catlin Arctic Survey and the Catlin Seaview
Survey. This is a huge opportunity to support cutting-edge and impactful research.”

Professor Callum Roberts, professor at the University of Exeter as well as BLUE’s chief scientific adviser
and trustee, said: “The ocean and its resources, while vital to all life on earth, are currently misunderstood
and neglected. The survey endeavours to bring much needed clarity to our understanding of the ocean,
including the amount of carbon stored in coastal seascapes and on the continental shelves, as well as how
vulnerable these stores are to man-made damage.

“The survey should clearly demonstrate the immense value to be found in our oceans and the global
impetus to protect it. It is through meaningful support from visionary businesses like Convex that such
crucial research is made possible.”

Professor Lisa Roberts, vice-chancellor of the University of Exeter, added: “This exciting partnership is a
wonderful example of Exeter’s research leadership and through Convex’s philanthropy, we will be better equipped to train the next generation of global marine scientists as well as help inform future policy and
management practices.”


George Duffield, co-founder of BLUE, said: “What distinguishes our project from others is that we will not
stop having identified the problems – we plan to field test the solutions as well.”

Image courtesy of © Paul Kay