Statement on Deep-Seabed Mining (DSM)
The Finance for Biodiversity (FfB) Foundation will reissue its Global Financial Institutions Statement to Governments on Deep Seabed Mining (DSM), and open it to non-FfB Pledge signatories, ahead of the International Seabed Authority (ISA) Assembly starting on 21 July 2025.
The statement urges governments to protect the oceans. It was initially published in 2023 and signed by 37 financial institutions representing €3.3tn of combined assets (under management). DSM must not go ahead until the environmental, social, and economic risks are comprehensively understood, and alternatives to deep-sea minerals have been explored fully.
This message needs to be reiterated before the ISA’s upcoming Assembly, which will continue the elaboration of rules, regulations, and procedures (RPPs) relating to the commercial exploitation of mineral resources from the deep sea. We hope that even more financial institutions will now take part in this global call to governments not to permit deep-seabed mining, until the risks and comprehensively understood and alternatives fully explored.
Key information on processes:
- To sign the FfB statement on Deep-Sea Mining, please fill in the form below by 1 July 2025.
- Please find here the full statement text, with only a slight modification from July 2023 (visible in track changes) to make it accessible to non-FfB Pledge signatories.
- Information about communications will be shared later with the registered statement signatories. The exact reissuance date is still to be decided.
- If you have any questions, please reach out to the Finance for Biodiversity Secretariat.