1) The Caribbean Challenge Initiative is a collaborative effort between Caribbean governments and private sector leaders to protect 20% of the marine environment in participating countries by 2020 through public-private partnerships. 2) At a 2013 summit, nine governments signed a declaration and 15 companies signed a compact committing to conservation goals. Over $75 million in funding was pledged. 3) A Caribbean Biodiversity Fund is being established with over $40 million initially to provide long-term funding through national trust funds for marine conservation projects.

1. CARIBBEAN
CHALLENGE
INITIATIVE
Government
and private
sector leadership
to protect and
sustainably manage
the Caribbean’s
marine and coastal
environment
(CCI)

2. For the first time in history, visionary leaders of Caribbean governments have come
together with responsible business leaders to take collaborative action to protect
and sustainably manage their marine and coastal environment. A growing number of
partners—such as funders and non-governmental organizations—are rallying around this
effort, providing financial and technical support.
This ambitious and collaborative effort is known as the Caribbean Challenge Initiative
(CCI). At the heart of this Initiative are two overarching, time-bound goals:
1 20-by-20 Goal
In each participating country and territory, to effectively conserve and manage
at least 20 percent of the region’s marine and coastal environment by 2020.
2 Sustainable Finance Goal
To achieve the “20 by 20” Goal, to have in place fully functioning sustainable
finance mechanisms that will provide long-term and reliable funding to
conserve and sustainably manage the marine and coastal resources and
environment in each participating country and territory.
Achieving these goals, through public-private partnerships and other means, can help
to ensure a prosperous economy and a sustainable future for the Caribbean region,
benefiting this and future generations.
Goals of Cci
2
“We are charting a path for future generations.”
Dr. the Right Honourable Keith C. Mitchell, Prime Minister of Grenada

3. Organizations and agencies that attended the first CCI Summit of Political and Business Leaders (see page 5)
Carbon War Room (CWR)*
Caribbean Biodiversity Fund (CBF)
Caribbean Community
Climate Change Center (CCCCC)
CARIBSAVE
Convention on Biological Diversity
(CBD) Secretariat*
European Commission
Global Island Partnership (GLISPA)*
Global Environment Facility
(GEF) Secretariat*
Government of Germany*
Government of Italy*
Government of the United Kingdom
Green VI
InMatt Foundation
International Union for the
Conservation of Nature (IUCN)
Island Resources Foundation
Jost Van Dyke Preservation Society
The Moore Charitable Foundation*
Oak Foundation
Oceans5 Foundation Consortium
Organization of
Eastern Caribbean States (OECS)
Specially Protected Areas
and Wildlife Protocol Regional
Activity Center (SPAW-RAC)
The Nature Conservancy*
United Nations Development Program
(UNDP)
United Nations Environment Program -
Caribbean Environment Program
(UNEP-CEP)*
World Bank
Waitt Foundation
William J. Clinton Foundation
Participating
Governments Companies
3
Bamboo Sushi
Disney Cruise Line
GOOD Corps
Grupo Propagas
Grupo PuntaCana
Guy Harvey Sportswear
Hublot
KOR Water
NRG Energy
Royal Caribbean
Cruise Lines Ltd
Sandals Resorts
International
Starwood Hotels Resorts
Tiffany Co.
Tropical Shipping
Virgin Group
CCI Companies
Nine governments and 15 companies have joined the CCI (as of May 2014).
N
0 200 MI
0 300 KM
GULF OF
MEXICO
CARIBBEAN SEA
ATLANTIC OCEAN
BRITISH VIRGIN
ISLANDS
(U.K.)
PUERTO
RICO
(U.S.)
SAINT VINCENT
AND THE GRENADINES
SAINT KITTS
AND NEVIS
SAINT
LUCIA
GRENADA
BAHAMAS
DOMINICAN
REPUBLIC
JAMAICA
CCI governments
MApByJimMcMahon
* Organizations who have provided support to the CCI.

4. 4
Tourism
generates
US $25B
annually,
6 million jobs
and 50% of
total income.
25 million
tourists visit
each year.
Marine life
attracts 60%
of the world’s
scuba divers.
Coral reefs
and coastal
mangroves
protect coastal
communities
from storm
damage.
Fisheries provide
US $400M
of revenues,
livelihoods and
food security
for millions.
Total annual
value of
Caribbean
coral reefs is
estimated at
approximately
US $2B
Dying reefs
are unable to
support fish life.
Reefs have lost
their ability
to reduce
the impacts
of storms
on coastal
communities.
Marine
biodiversity has
declined.
Important
commercial
fisheries have
been depleted.
75% of coral
reefs across
the Caribbean
currently face
medium or high
levels of threat.
70% of the
beaches in
the region are
eroding at a
significant rate.
Unsustainable
tourism
development can
result in loss and
degradation of
critical marine
and coastal
ecosystems.
All major
commercially
important fishery
species are
“fully
developed”
or “over-
exploited”.
The Caribbean region is one
of the most biologically rich
marine ecosystems in the
Atlantic Ocean. Home to 1,400 species of fish and marine mammals
Possesses 10% of the world’s coral reefs and
extensive mangrove forests
current impacts
In recent years, the marine environment has suffered a
dramatic decline in biodiversity and vitality.
Benefits
The Caribbean Sea is the main source of food and livelihoods for more
than half of the region’s 39 million people, who mostly live along the
coastline. For many, the Caribbean region with its 37 countries and
overseas territories, vibrant coral reef systems, exotic marine life and
abundant seafood, represent paradise.
{
We have reached a critical
crossroads for action!

5. May 2013 Summit Outcomes
To accelerate regional marine conservation action in the Caribbean, a second phase of CCI was launched
at the Summit of Caribbean Political and Business Leaders during May 17 – 18, 2013, in the British Virgin
Islands. The event brought together—for the first time—government leaders from Caribbean countries
and territories, business leaders of companies some with operations in the region, and key partners
(e.g. development partners, multilateral agencies, private foundations, and NGOs) to agree on a shared vision
for the region’s marine and coastal environment and to chart a course of action.
5
Dr. The Right Hon. Keith C. Mitchell,
Prime Minister of Grenada
Dr. the Hon D. Orlando Smith, OBE,
Premier of the British Virgin Islands
Sir Richard Branson,
Founder and CEO of the Virgin Group
May 2013 summit co-hosts
Leaders
Declaration
(signed by 9 Caribbean governments)
Corporate
Compact
(signed by 15 companies)
Summit
Communiqué
(signed by the 3 Summit co-hosts)
Actions:
To achieve the two CCI goals,
undertake a set of seven broad
actions, covering:
1. National action plans
2. Marine protected areas
3. Ecosystem restoration
4. Sustainable fisheries
5. Sustainable tourism
6. Ecosystem-based adaptation
to climate change
7. Marine pollution
Actions:
The 20-by-20 Goal and
broad actions in the Leaders
Declaration were endorsed.
Create a set of business-specific
principles were also endorsed
(e.g. “we will change business
practices as necessary, engage
our value chain to do the same,
and be a leading voice in our
industry”).
Actions:
1. The urgent need to create
protection for sharks and rays
across the Caribbean region,
with the aim of protecting
within two years
2. Establish a clear regulatory
framework that delivers a
systemic and regional approach
to conservation of the marine
and coastal environment,
including increasing
considerably the number of
marine protected areas
3. Accelerate the transition from
fossil fuels to alternative
energy sources over the next
five years

6. “We, the Leaders recognize that the Caribbean region is intrinsically linked
to the sustainability of the Caribbean’s marine and coastal resources,
and that investing in this is an investment in our economic future.”
—Leaders Declaration, 17 May 2013
6
Financial commitments
A total of US $75 million of funding commitments were announced, covering existing and
new projects. Commitments were announced by: European Commission, GEF, Germany,
NRG Energy, Sandals Resorts International, The Nature Conservancy and the UK.
ConseRvation commitments
Speeches by Caribbean governments and companies contained specific conservation commitments, such as:
The Government
of Bahamas
approved the final
draft of legislation
to establish the
Bahamas Protected
Areas Fund
(BPAF)—a trust
fund to provide
reliable and long-
term funding to
support CCI.
The Government
of Jamaica will
protect 25%
of its marine
environment by
2020.
The Government of
the British Virgin
Islands adopted a
Protected Areas
System Plan, which
calls for 33% of the
marine and coastal
environment to be
protected.
Grupo Puntacana
will host training
workshops for
coral restoration
and other marine-
related themes
in the Dominican
Republic.
Sandals Resorts
International will
continue to support
management of
four fish sanctuaries
in Jamaica, provide
financial support
for sea turtle
conservation
in Antigua and
Jamaica, and reduce
pollution from waste
water and runoff
from its operations.
May 2013 Summit Outcomes (continued)

7. “We join the Caribbean Challenge Initiative as an historic and
ambitious effort to protect at least 20 percent of the marine and
coastal environment of the Caribbean by 2020. This requires
immediate action at all levels, by all of us: businesses across all
sectors, governments, civil society and citizens. We also call upon
other companies to sign this Corporate Compact and join the
Caribbean Challenge Initiative. Delay in action is not an option.”
—Corporate Compact, 17 May 2013
7

8. A new sustainable finance architecture is being established
to support the CCI and composed of a set of trust funds.
8
INITIAL DONORS
INVESTMENT
MANAGER
CBF
SECRETARIAT
ENDOWMENT
FUNDS
*At this time overseas territories that are a part of the CCI are unable to receive funding from the CBF.
CARIBBEAN
BIODIVERSITY
FUNDS
The CBF will channel funding each year
to national trust funds established
in CCI countries.*
National trust funds
will set up vertical agreements
with the CBF as the basis
for receiving CBF resources.
BOARD OF
DIRECTORS
OTHER FUNDS
Trust funds can serve as magnets
to attract other public and
private sources of funding.
LOCAL LEVEL PROJECTS
Examples of on-the-ground projects to be funded could include: declaration of new protected areas,
actions to strengthen existing protected areas, sustainable fisheries and sustainable coastal tourism projects.
NATIONAL TRUST FUND
Countries have made solid progress in establishing trust funds.
The Nature
Conservancy (TNC)
US $8M
Germany (BMZ-KfW)
US $26M
Global Environment
Facility (GEF)
US $7.95M
Purpose
The CBF is a legally established UK-based charity designed to provide long term and reliable funding.
It seeks to promote, for the benefit of the public, the conservation, protection, management and
expansion of national protected area systems and other areas of environmental significance of
participating geographies. Efforts are underway to grow the CBF. Both public and private sources
of funding will be explored. Fund raising efforts for the CBF will complement and not compete with
national fundraising efforts or fundraising for national and territory trust funds.
Caribbean Biodiversity Fund
(CBF)

9. 9
“Protecting our natural resources is
one of the biggest opportunities
of our lifetime, and nowhere is it more
evident than in the Caribbean.”
—Sir Richard Branson,
Founder and CEO of the Virgin Group
National conservation trust funds (NCTFs)
Purpose
NCTFs are being
designed as mechanisms
that can award grants to
government and
non-government entities,
in order to support
national protected
area systems and other
areas of environmental
significance.
operations
Each fund will establish
some procedure for
periodically soliciting
grant proposals,
screening / reviewing
such proposals, and
awarding grants based
on agreed criteria,
strategic plans, etc.
Structure
Consistent with internationally recognized
best practices, national trust funds are being
set up outside of government structures,
with multi-stakeholder boards (i.e.
government and non-government members).
Some trust funds are being established
through new legislation, while others are
being established through alternative
mechanisms (e.g. non-profit organization
under the Companies Act).

10. CCI
Timeline
10
May 2008
May 2008 -
may 2013
June 2009
Launch of Phase I
* CCI launched during the
COP-9 meeting of the
Convention on Biological
Diversity (CBD) in Germany.
* The Bahamas, the Dominican
Republic, Grenada, Jamaica and
St. Vincent and the Grenadines
make initial commitments to
protect at least 20% of
near-shore marine and coastal
environment by 2020.
Implementation
of Phase I
* The British Virgin Islands,
Puerto Rico, St. Kitts and Nevis
and St. Lucia join the Initiative.
* Several funding projects
implemented to support CCI,
including GEF projects in The
Bahamas, Jamaica, Dominican
Republic and Eastern Caribbean,
as well as, an Italian Government
funded project focused on
marine protected areas (MPAs)
and sustainable finance.
* Over 50 new marine and
coastal protected areas
established, increasing the total
marine area under protection
across participating countries
and territories from 7% to 10%.
CARICOM
endorsement
* CCI endorsed at 30th
CARICOM Heads of
Government Summit in Guyana.

11. 11
September
2012
May 2013
May 2013 -
present
Going
forward
Caribbean
Biodiversity
Fund
(CBF)
established
* US $42M of initial
financial commitments
by Germany
(BMU - KFW),
Global Environment
Facility and The Nature
Conservancy, towards
the CBF.
Phase II
launched at
Summit of
CCI Caribbean
Political
and Business
Leaders
* Approximately
150 people attend
the Summit on
Necker Island in the
British Virgin Islands
and a coalition
of governments,
companies, partners
pledge support for
the CCI.
* Approximately
US $75M in new
funding commitments
to support CCI
announced.
* 9 CCI governments
sign a Leaders
Declaration and
15 companies sign a
Corporate Compact
containing historic
commitments.
* CCI expanded to
include private sector
participation.
Implementation
of Phase II
* In October 2013,
the CCI and Carbon
War Room (CWR)
hold a joint workshop
exploring renewal
energy transition
and protection for
sharks and rays in the
Caribbean.
* In November 2013,
Dr. The Right Hon.
Keith C. Mitchell, Prime
Minister of Grenada,
formally agrees to
host a Permanent CCI
Secretariat in Grenada
for an initial two years.
* In April 2014, a
preliminary Strategic
Plan for Phase II
completed and approved
by governments.
* CCI countries and
territories moving
ahead with actions on
marine and coastal
conservation.
Coordination
mechanisms
and next CCI
Summit by 2016
* Establishment of
CCI coordination
mechanisms
(permanent
CCI Secretariat,
CCI Council, extended
CCI Secretariat and
local implementation
committees)
by mid-2014.
* Completion of
National and Territory
CCI Action Plans in 2014.
* Establishment of
Financing Roundtable
and first meeting of
CCI Council, a CCI
support mechanism
comprised of
representatives from
governments, partners
and companies, by
early 2015.
“It is important to work together—as a region and across sectors—
to tackle the pressing and interlinked issues of marine and coastal conservation,
renewable energy and economic development. We recognized that
we can’t have one without the other, and that we can’t do it alone or in isolation
from our neighbors. We acknowledge that the solutions are not necessarily easy;
they require political will, business investment, innovation and
system-wide solutions. We agreed to work to break barriers on both sides.”
—Summit Communiqué, 17 May 2013

12. 12
How governments
companies can join CCI:
ways partners
can participate in CCI:
For more information
Please contact the Caribbean Challenge Initiative Secretariat
cci_zoho@secretariat.com
www.caribbeanchallengeinitiative.org
How To
Get Involved
Caribbean governments
A letter from the head of
government or relevant minister
stating the government’s formal
endorsement of the Framework for
Action in the Leaders Declaration
Companies
A letter from the CEO or relevant
senior representative stating the
company’s formal endorsement of
the Corporate Compact
1.
Provide financial
or technical
support for
implementation
of the CCI Goals.
2.
Participate in
national and
territory trust
funds.
3.
Participate in
multi-stakeholder
processes to
shape the CCI
Action Plans in
countries and
territories.
4.
Participate in
on-the-ground
projects to
implement the
CCI Goals.