In 2023, Investa (and its core managed funds ICPF and IGO) partnered with the Sydney Institute of Marine Science (SIMS), supporting three Operation Crayweed projects in Lurline Bay, Maroubra and Dee Why. These projects restore crayweed, a species that had almost disappeared from Sydney’s coastline by the 1980s due to urban development1.
The initiative involves transplanting healthy crayweed onto deforested reefs, where they can thrive and reproduce, eventually forming self-sustaining populations. Investa employees volunteer with SIMS to transplant and record crayweed plantings. SIMS provides Investa regular reports on progress of biodiversity across these sites. Since 2023, Investa employees and SIMS scientists transplant crayweed into the Investa Crayweed sites. The site inspections this year have found a total of 478 new crayweed babies (“craybies”), across the three sites.
1 ECOLOGICAL MANAGEMENT & RESTORATION