SeyCCAT was legally registered under its own Act in November, 2015. With the support of NatureVest, the conservation impact investing unit of The Nature Conservancy (TNC), a groundbreaking debt conversion for marine conservation and climate adaptation was initiated and structured with the Seychelles government. As a result, SeyCCAT was created to manage the blended capital proceeds from the debt conversion and, in exchange, the Seychelles government committed to improved policies and increased investment around marine conservation and climate adaptation.
For detailed information on the debt restructure and deal flow click here.
Following this financial innovation, SeyCCAT is now pursuing other opportunities to grow its assets.
Our portfolio is expanding to include capital that supports sustainable fisheries management (in the form of proceeds from a sovereign US$15m Blue Bond), as well as other blended instruments and impact funds that contribute to Seychelles’ blue future.
The SeyCCAT Act
The Seychelles Conservation & Climate Adaptation Trust is an independent, nationally based, public-private trust fund, established through the Conservation and Climate Adaptation Trust of Seychelles Act of 2015.
The Act can be downloaded here.
Vision: SeyCCAT envisions for Seychelles’ ocean and islands to be stewarded by the people of Seychelles, generating sustainable benefits for future generations to share.
Mission: SeyCCAT strategically invests in ocean stakeholders to generate new learning, bold action and sustainable blue prosperity in Seychelles.
Goal: To competitively grant at least US$ 750,000 per annum to support the stewardship of Seychelles’ ocean resources, island life and blue economy.
Objectives: SeyCCAT is committed to developing strong and lasting creative collaborations to advance our mission. These partnerships will enable us to deliver our objectives to:
- Support new and existing marine and coastal protected areas and sustainable use zones;
- Empower the fisheries sector with robust science and knowhow to improve governance, sustainability, value and market options;
- Promote the rehabilitation of marine and coastal habitats and ecosystems that have been degraded by local and global impacts;
- Develop and implement risk reduction and social resilience plans to adapt to the effects of climate change;
- Trial and nurture business models to secure the sustainable development of Seychelles’ blue economy.
Underpinning Themes: SeyCCAT is more than a project donor. It is not just what we do that is important to us, it is how we do it that matters too. We understand that our ambitious Vision can only be delivered through the people and organisations that we invest in, and that our success depends on theirs. We will create the space for new ideas, help those ideas evolve, forge new creative collaborations, and boost individual and collective impact. We will empower the local and regional leaders of tomorrow and disseminate what we, and our partners, learn. We believe that by demonstrating our commitment to:
- Ideating and Incubating;
- People and Partnerships;
- Empowering and Investing; and,
- Learning and Sharing
…. that together we will succeed in securing our Vision for:
Seychelles’ ocean and islands to be stewarded by the people of Seychelles, generating sustainable benefits for future generations to share.
Our Values provide ourselves and our partners with a strong set of guiding principles. We believe that our abidance by these values presents us with the best possible chance of success:
- Trust – we treat all our stakeholders with equal rights, respect their differing viewpoints, and deliver on our commitments.
- Partnership – we encourage partnerships to blend knowledge and expertise, to create shared-value solutions, towards boosting the social, economic and environmental returns from our investments.
- Excellence – we strive to achieve the highest standards and learn quickly from our failures while working with and advancing best practices.
- Transparency – we are open and clear about our ideas and actions, focusing on evidence-based decision-making, and welcoming external inputs and dialogue to help us achieve measureable results.
- Innovation – we appraise existing methods and models, advocate for continuous learning, and champion new ways of working.
SeyCCAT is governed by the Board of Directors, supported by a finance committee and grants committee, with the day-to-day leadership provided by the CEO and Executive team:
The Chief Executive Officer (CEO) is appointed by the Directors and is responsible for the general and active management of the affairs of SeyCCAT, subject to the supervision and control by SeyCCAT’s Board of Directors. The Chief Executive Officer ensures that the instructions of the Board are carried out and that the Board receives the necessary operational support to meet and transact the business of SeyCCAT.
- SeyCCAT is administered by the Board of Directors – The Directors manage the business of SeyCCAT and exercise all the powers of SeyCCAT unless the Directors are subject to restrictions imposed by SeyCCAT legislation (The Act, 2015). Directors’ meetings and decision making are only possible through a quorum of both ex-officio Directors and 5 other Directors. Each Director, as per the SeyCCAT Conflicts of Interest policy, declares in a written statement the nature and extent of any interest, direct or indirect – and is excused from any discussions of the Board in which it is possible that a conflict will arise.
- SeyCCAT’s Grants Committee consists of Directors with operational and technical programming skills who are committed to the conservation of renewable resources and sustainable development. The Grants Committee (i) analyzes and recommends projects and programs to be presented for approval by the Board, (ii) provides orientation on priorities of SeyCCAT and the projects and programmes to be funded, (iii) periodically reviews and brings up to date the conservation strategy of SeyCCAT and (iv) participates in the periodic review of the annual workplan, along with other stakeholders in the Seychelles.
- SeyCCAT’s investment assets (endowment funds) are managed by the Finance Committee. The committee is an appointed committee of the Board of Directors. The purpose of the committee is to serve in an adjunct advisory role for recommendations to SeyCCAT on matters related to the investments held by SeyCCAT and to support the growth of SeyCCATs asset base.
Our performance, like any team, organisation or society, is a collection of our individual and collective capacities. We recognise that as individuals we are unique and that we each have our own drivers, ambitions and motivations. This is why at SeyCCAT we invest in our people, seeking individuals whose personal interests align with our organisational mission, encouraging growth and development, and working together to seek out the solutions to our challenges.
SeyCCAT Executive Team
Martin has always had a passion for the marine environment having grown up close to the shores of the UK. After graduating from the University of Plymouth with Environmental Sciences (B.Sc) and Marine Sciences (M.Sc), his initial career involved studying ocean productivity (Natural Environment Research Council), and conducting marine Environmental Impact Assessments (Royal Haskoning).
Martin’s international career started in 1997, where he spent several years in the Seychelles coordinating the Royal Geographical Society’s marine research, education and training program in collaboration with the Government of Seychelles. More recently, he has worked with Wildlife Conservation Society (WCS), serving as the Country Director in Fiji, as Senior Programme Advisor in Europe, while supporting WCS marine fisheries efforts in Gabon and Belize; and most recently, as Marine Director, responsible for leading the development of the inaugural marine program in Myanmar. In this latter role, he worked with local and national stakeholders to design and implement a marine conservation and sustainable fisheries model, and led the design of a national Marine Spatial Planning Strategy and a Marine Biodiversity Atlas.
Martin has extensive experience brokering relationships and covenants with public and private organisations, and is well versed with the fisheries investment community. He is a steering committee member of the Asian Seafood Improvement Collaborative (ASIC). In 2015 he completed his Executive MBA at the University of Bath, focused on strategy, sustainable fisheries and impact capital.
SeyCCAT/MSP Executive Assistant
Vania Robert is the Executive Assistant for Seychelles Conservation and Climate Adaptation Trust (SeyCCAT). Vania assists the SeyCCAT CEO, Board of Directors, Finance and Grants committee to run a high quality and efficient, functional and transparent service oriented organisation. Vania’s role also sees her providing support to the MSP team with administrative, process, and technical support and assistance to deliver stakeholder engagement and process management.
Prior to this position, Vania spent 17 years working with the tourism industry. She has 13 years experience at management level, in roles such as Assistant Financial Controller and Head of Finance. She has represented companies both locally and internationally. Vania has a wide experience in finance and administration, as well as payroll, budgeting and cashflow analysis. Vania is also well versed with external and internal audits.
Vania has a Diploma in Business Studies from the Seychelles Polytechnic and a HND in Business and Finance from Brunei Darussalam Technical and Vocational Education Council.
MSP Project Manager
Ms Sims is the Project manager of the Seychelles Marine Spatial Planning (MSP) initiative. She is responsible for implementing and achieving the MSP initiative by overseeing and representing The Nature Conservancy (TNC) in relationships with Government agencies, NGO and corporate stakeholders and working closely with the MSP advisory committees. She serves as the secretary to the MSP Executive and Steering Committees and MSP Technical working groups. She assists in funding proposals, research grants and coordination with other projects. Helena is currently the only TNC staff working on the MSP that is based in the Seychelles.
Helena has work experience in Marine Conservation Biology and Project Management. Upon her return from University she has worked at the Seychelles Centre for Marine Research and Technology (the current Seychelles National Parks Authority), as a Project coordinator at the Green Islands Foundation NGO where her work focused on Integrated Coastal Zone Management and managing a 4 year GoS-UNDP-GEF Protected Areas Project at the Project Coordination Unit to identify strengthen the Protected Areas network of Seychelles through the identification of potential new areas for protection.
Helena has a BSc in Marine Biology Advanced from the James Cook University, Townsville, Queensland, Australia.
SeyCCAT Board Members
Minister Wallace Cosgrow
Minister Maurice Loustau-Lalanne
SeyCCAT Deputy Chair
Ambassador Maurice Jean Leonard Loustau-Lalanne was appointed Ministry of Finance, Trade, Investment and Economic Planning in May 2018.
He studied Aviation studies in the United Kingdom. After returning to Seychelles in 1981 he was the first appointed Director General of Civil Aviation. In 1983, he joined Air Seychelles as Executive Director of International Operations, and subsequently became its Executive Chairman until 1988.
Mr Loustau-Lalanne has thereafter held the position of Principal Secretary in the Ministry of Tourism and Transport for a period of ten years (1988 – 1998), followed by 5 years as Principal Secretary in the Ministry of Environment (1998 – 2003) and 2 years in the Ministry of Health (2004 – 2006). He held the post of Chairman and Chief Executive Officer of the Seychelles Tourism Board (STB) from 23rd January, 2006 to 30th June, 2010. He was seconded to Air Seychelles as the Executive Chairman on a temporary basis from March to September, 2011. Mr Loustau-Lalanne occupied the post of Ambassador/Principal Secretary for Foreign Affairs in the Ministry of Foreign Affairs and Transport of the Republic of Seychelles from 1st July 2010 to 31st May, 2016. He was seconded to the Health Care Agency on a temporary basis from April, 2016 and was appointed Secretary of State for Health from 1st June, 2016 to December, 2016.
Mr. Loustau-Lalanne is currently the longest serving Director of Air Seychelles Board which he joined in 1983. Having witnessed the creation of Air Seychelles in 1982, and actively participated in the pioneering role it played in the development of both the Transport and Tourism industry of the Seychelles remains a great sense of pride.
During his leisure time Mr Loustau-Lalanne enjoys Big Game Fishing and Environmental Protection Projects. His new sporting passion is Golf.
SeyCCAT Treasurer and Chair of the SeyCCAT Finance Committee
In his nineteenth year with the Conservancy, Mr. Weary is currently leading an initiative to assist Small Island Developing States with debt-conversions to finance marine conservation and ecosystem based adaptation to climate change. The first such debt-conversion (approx. US$22 million) was concluded in February 2016 with the Seychelles. He is currently developing additional debt-conversions with several Caribbean countries, including the Bahamas, Grenada, and Saint Lucia. Rob’s experiences include work on numerous debt-for-nature swaps in Latin America and the Caribbean, the design and establishment of an eight country US$42 million regional endowment (Caribbean Biodiversity Fund) and the associated national-level trust funds, resulting in hundreds of millions of dollars in sustainable financing for conservation projects in those countries. Furthermore, Rob was the primary architect of the “Caribbean Challenge,” an eight-country regional initiative to place 20% of these countries near shore marine area under protection by 2020 and develop sustainable finance mechanisms to finance the countries national systems of Protected Areas.
He joined the Conservancy after working in the World Bank’s Investment Management Department in the Treasury. Prior to this, Rob served as a Peace Corps Volunteer in Guatemala, working with indigenous subsistence level farmers on improved seed selection and postharvest management.
Rob holds a BA in Foreign Affairs from the University of Virginia and a Master’s in Public and International Affairs, with a focus on Social and Economic Development, with a Certificate in Latin American Studies, from the University of Pittsburgh. He lives in Charlottesville, Virginia with his wife Megan and daughter Eloise.
Dr Nirmal Shah
Dr. Nirmal Jivan Shah is a second-generation Seychellois environmentalist. He has a Bachelors degree in business, an MSc and PhD in biology and ecology. He has occupied senior environmental positions in the Parastatal, Government, private and NGO sectors as well as worked for international organisations such as the World Bank, IUCN ,Sida, and several UN agencies.
He is the Chief Executive of Nature Seychelles, a leading environmental non-profit organisation in the East African region. He is the President’s Special Envoy for Environment and Climate Change, Managing Director of ENVI.R.O, Chair of the Seychelles National Environment Advisory Council, and Board Member of local and international organisations, including the University of Seychelles, National Disaster Relief Foundation, Public Health Appeals Board. He is also the Honorary Consul for Mauritius in Seychelles.
He has designed and led implementation of internationally acclaimed, world class projects that have rescued several bird species from extinction, including the once Critically Endangered Seychelles Magpie Robin and Seychelles Scops Owl being down listed on the IUCN Red List in 2005, the Seychelles Fody being removed from BirdLife International’s Threatened Birds of the World listing in 2006 and the (once Critically Endangered) Seychelles Warbler removed from this list by 2016. This work has inspired similar projects by other organisations. He has developed and coordinated partnerships for the rescue of the Seychelles Flycatcher, the only critically endangered bird left in Seychelles, and for research of the Critically Endangered Seychelles Sheath-tailed Bat and on the Seychelles Sooglosid Frogs.
He is currently leading the management of a climate change adaptation coral reef restoration project, the world’s largest using the “reef gardening” method. His multi-disciplinary and cross cutting work has extended in the East African Region, notably being founding member and recent outgoing President of the Western Indian Ocean Marine Science Association (WIOMSA).
Minister Charles Bastienne
SeyCCAT Blue Grants Committee Chair
Minister Charles Bastienne was assigned the portfolio responsibility for Fisheries and Agriculture at the end of April this year, following a cabinet reshuffle. He was previously the Minister for Habitat, Infrastructure and Land Transport since October 2016. He first joined the cabinet of ministers in February 2015 as Minister for Home Affairs.
Prior to his Ministerial appointments, Minister Charles Bastienne held several posts from Chief Executive Officer to Principal Secretary. Minister Charles Bastienne is an Accountant and Economist by Profession.
Glenny Savy is a highly experienced Chief Executive who has demonstrated the ability to lead diverse teams of professionals to new levels of success in a variety of highly competitive domains and fast-paced environments. He has a Bachelor of Arts in Economics and Politics from Murdoch University, Western Australia, 1979 -1982.
Glenny is the long-standing CEO for the Islands Development Company (IDC). He has strong technical and business qualifications with an impressive track record of more than 35 years of hands-on experience in strategic planning, business unit development, project and product management.
Glenny provides us with a proven ability to successfully analyse organisational critical business requirements, as well as the ability to identify deficiencies and potential opportunities, and develop innovative and cost-effective solutions for enhancing competitiveness, increasing revenues, and improving customer service offerings.
Marco Francis has a wealth of business experience in the Seychelles. With a number of investments spanning across various sectors, Marco has a keen understanding of business and the business environment in Seychelles that has been developed over his 15 years of experience. Conscious of the effects that an expanding economy can have on the environment, Marco is an ardent believer in promoting responsible business practices and activities that promote the environment and natural resources that Seychelles enjoys. Marco is also a Member of the Waste Management Board and Vice Chairperson of the Board of Governors of the Seychelles Business Academy.
Dr. Frauke Fleischer-Dogley
Dr Frauke Fleischer-Dogley is the Chief Executive Officer of the Seychelles Islands Foundation (SIF). The foundation was established as a public trust in 1979 and manages and protects Seychelles’ UNESCO World Heritage Sites, Aldabra Atoll and the Vallée de Mai. Improving the management effectiveness of Seychelles’ World Heritage Sites is her mission. She believes in science-based management decisions, innovation, and rigorous review of established practices to advance conservation management. She has realised her dream to set foot on the largest raised coral atoll in the world and is determined that, as one of the World Heritage Sites most threatened due to climate change and sea level rise, Aldabra will be protected for future generations. One of her on-going goals is to ensure, through SIF’s work, that the marine treasures of Aldabra are comprehensively monitored to better understand and appreciate this relatively undisturbed marine ecosystem and enhance its prospects of survival.
Frauke is a trained conservation biologist. Her PhD research substantially advanced understanding of the population management of the coco de mer, Seychelles flagship species, and has been published in several scientific papers. She has over 15 years of experience in protected area management and has also worked in the fields of tourism planning, ecotourism and international cooperation with the Government of Seychelles.
In addition she has served on many national steering committees and is also a board member of the Seychelles National Parks Authority and the National Environment Advisory Council in addition to the SeyCCAT.
Sybille Cardon is the chairperson of the Seychelles Hospitality and Tourism Association (SHTA) and manager of Les Lauriers Eco Hotel on Praslin.
Sybille is passionate about finding solutions to the challenges faced by the tourism sector and plays a key role representing the sectors’ interests as a Board member for SeyCCAT.
SeyCCAT Board Observers
Minister Jean-Paul Adam
Mr. Jean Paul Adam is the Minister for Health of the Republic of Seychelles. He has occupied the post since November 2016. Since taking on the role, he has emphasized the importance of Seychelles’ achievements in universal access to healthcare- and has further prioritized a focus on raising the quality of healthcare by benchmarking Seychelles’ against global standards.
Prior to this, he was the Minister of Finance, Trade and the Blue Economy. In this role he spearheaded numerous initiatives related to the blue economy dossier, notably the blue bonds initiative. As the Finance and Trade Minister he promoted the concept of sustainable growth and investment through diversification strategies which include the move towards an inclusive blue economy. In this period, he was also the founding chairperson of SEYCCAT.
Between 2010 to 2015 Mr. Adam served as the Foreign Minister where his active involvement in the Blue Economy dossier started, including through mobilization of global support for the debt swap initiative and the creation of SeyCCAT. In this role he also oversaw Seychelles’ active engagement on the international arena through advocacy on behalf of Small Island Developing States, taking the lead on sustainable development, in the fight against climate change as well as in the fight against piracy in the Indian Ocean.
As Foreign Minister he has chaired the Commonwealth Small States Ministerial Committee and has also been chair of the World Bank Small States Forum between 2015 and 2016 as Minister of Finance.
Mr. Adam has worked in the Office of the President in various high level positions; namely Secretary of State, Principal Secretary and Director General of Presidential Affairs. Before that, Minister Adam worked in the Foreign Ministry as a career diplomat.
Mr. Adam has a Degree in English Literature and French from the University of Sheffield in the United Kingdom (UK). He also holds a Masters in International Political Economy, which he obtained at the Department of Government, International Politics and Philosophy at the University of Manchester, UK.
Between January 2006 to January 2009, Minister Adam engaged in the teaching profession as a part time lecturer with the Manchester University and Seychelles Polytechnic Twinning Programme where he taught International Politics.
Minister Jean- Paul Adam is married and father to two girls.
Principal Secretary Rebecca Loustau-Lalanne
Rebecca was born in Seychelles to Seychellois parents. She is a Roman Catholic and was educated in the Seychelles up to Polytechnique Level (A levels). Rebecca completed a Bachelor of Arts (BA) in Politics, International Relations and Philosophy at the Middlesex University, United Kingdom in 2003. She completed a training “Diplomats for Leadership and Executive Training for African Diplomats” in Berlin, Germany in 2012.Rebecca is single with no children.
Rebecca is a diplomat, event coordinator and senior civil servant. She has over 10 year’s professional experience with the Government of Seychelles and a 3 year work experience with the United Nations Development Programme (UNDP) sub-unit in Seychelles overseeing the implementation of national projects under the UNDP country portfolio ranging from social welfare, good governance and sustainable development. From January 2012 to February 2015, she was working with the Foreign Affairs Department as a First Secretary, until she was appointed Principal Secretary for the Blue Economy Department in the Ministry of Finance, Trade and the Blue Economy, and subsequently transferred to the Vice President’s office in December 2016 with the same portfolio.
Over the years, she has developed core skills and competences in facilitation, representation, negotiation, organisational and management skills (people and financial resources), communication, and strategic leadership with the development of the Blue Economy concept for the Seychelles.
Rebecca is an open-water diver and a member of the Red Cross Society of Seychelles. A member of the HASH Harriers of Seychelles with a passion to explore the natural beauty of the islands.
Minister Didier Dogley
The Honourable Didier Dogley is the current Minister of Tourism of the Republic of Seychelles.
Didier Dogley was born in 1964 and was educated in Seychelles. He successfully completed his studies at the University of Applied Sciences Erfurt, in Germany and Reading University, United Kingdom. Later he obtained a Diploma in Management at the Seychelles Institute of Management, now University of Seychelles.
Since 1989 he has been working in the Ministry of Environment. He has held and served in several key posts including Director General for Nature Conservation and Principal Secretary of Environment. Didier was chairperson of the National Planning Authority, Waste and Landscape management Agency and the National Parks Committee. Furthermore he served on several boards of national importance such as the Seychelles Tourism Board, the Island Development Company.
He was the Founding Chairman of the Non-government Organisation called Plant Conservation Action Group; a botanical association, which seeks to promote the conservation and protection of the endemic and indigenous flora of Seychelles.
He played an instrumental role in implementing the Seychelles debt swap for conservation and climate adaptation and the development of the Seychelles Marine Spatial Plan initiative.
On the international arena he has represented Seychelles in many sustainable development, biodiversity and land degradation related negotiations and fora in particular the UNCBD, UNCCD and RIO+ 20. He chaired the Nairobi Convention COP 8 meeting.
Beatty Hoarau is the Treasurer and one of the founding members of the Fishing Boat Owners Association (FBOA). Has been working for this association for the past 14 years, promoting and defending the interests of the Seychellois fishermen. Together with his brother, they own four small fishing vessels, one of which is a long liner. Has been involved in the Domestic fishing industry for the past 17 years.
Prior to joining the fishing profession, Beatty has worked for Barclays Bank for 31 years. He is also a member of the Electoral Commission Seychelles and has been involved in electoral matter in Seychelles since 1992.
He completed his secondary education at the Seychelles College.
Matt Brown is the Deputy Director for TNC’s Africa Region. In this role, Matt oversees the conservation team that manages TNC conservation projects in priority places with local partners. He creates the link between needs on the ground and TNC organizational resources that can be applied to help scale-up impact and deliver lasting conservation results. Bringing TNC organizational culture to our expanding program is key aspect of Matt’s job and a vital part of our succession planning. Matt led a continent wide priority setting exercise to define TNC investment and he helps to strategically grow the program via fundraising, staff development and new geography expansion. Matt leads our thematic teams (Agriculture, Smart Development, Freshwater, Terrestrial, Marine) and is helping to ensure we focus on both priority places and key practice areas that help us get to scale.
Prior to this position, Matt spent 10 years working with the US Department of the Interior on US domestic land use planning efforts on public lands in the western US. He worked for the United Nations in Eritrea and was a Peace Corps forestry volunteer in northern Ghana.
Matt has a degree from Colby College in Biology/Environmental Science and a Master of Science degree from the School of Public and Environmental Affairs at Indiana University in Environmental Science with a concentration in Water Resources Management.
Matt’s scientific specialties: GIS, Remote Sensing, Conservation Planning, rangeland management, surface water management, and general monitoring and science project management.
A Finance Committee and a Blue Grants Committee support the Board and Executive teams.
Finance Committee members
Robert Weary, TNC (Chair)
Dale Fick, Trop-X (Seychelles) Limited
Minister Loustau-Lalanne, Minister for Finance
Andrew Rylance, GOS-UNDP-GEF Programme Coordination Unit
Grants Committee members
Minister Bastienne, Ministry for Agriculture and Fisheries (Chair)
Helena Sims, TNC – MSP initiative
Keith Andre, Chair of the Fishers and Boat Owners Association
Jude Talma, Principal Secretary, Ministry of Agriculture and Fisheries
Selby Remy, Seychelles National Parks Authority
VACANT, GoS-UNDP-Programme Coordination Unit
Lindy Bastienne, GEF Small Grants Programme
Kalsey Belle, SIDS Youth AIMS Hub
Alain de Comarmond, Principal Secretary, Ministry of Environment
Rose-Marie Bargain, Blue Economy Department
Kelly Hoareau, University of Seychelles