Coast Funds Presents New Strategic Plan for 2020-2022

Click thumbnail to download

The board of directors of Coast Funds is proud to release its new 2020-2022 Strategic Plan to focus our efforts in the years ahead in support of our long-term vision: First Nations exercise their inherent rights to self-determination, ensuring healthy and thriving communities and ecosystems.

“First Nations are in the process of creating a new conservation economy that protects these globally significant ecosystems for generations to come—a benefit that stretches far beyond the region,” says Huux Percy Crosby, Coast Funds chair. “We remain focused in fulfilling Coast Funds’ mandate to deliver effective financing that uplifts First Nations’ efforts to revitalize their stewardship of ecology, culture, and protected areas while also building healthy and resilient coastal economies.”

In 2018 and 2019, Coast Funds engaged with First Nations community and business leaders throughout the Great Bear Rainforest and Haida Gwaii, Members, and funders regarding key decisions ahead for 2020-2022. From these discussions, the board received unanimous encouragement to explore new opportunities to recapitalize Coast Funds: both to seek the replenishment of the waning economic development fund and to make efforts to grow the conservation endowment to support current and future stewardship initiatives throughout the GREAT BEAR RAINFOREST AND HAIDA GWAII.

In late 2019, we paused to reflect on changes, growth, challenges, what we’ve learned, and the future of Coast Funds in its evolving role as a globally recognized Indigenous-led conservation finance organization. This process of assessment and renewal is reflected in Coast Funds’ 2020-2022 Strategic Plan. This new plan sets out a foundational goal as well as three key goals and objectives that will be updated annually in accordance with Coast Funds’ GOVERNING DOCUMENTS.

Our Foundational Goal: Intergenerational Sustainability of Coast Funds

Goal: As requested by First Nations, sustain and evolve Coast Funds to a new operating model that allows the organization to continue to offer valued services to First Nations beyond the dissolution date of the Society (the economic fund).

  1. In partnership with First Nations, develop a plan for recapitalization of the Society (the economic fund) or its dissolution. Also see Resilient Coastal Economies objective 3.
  2. Amend governing documents to improve the sustainability of the organization’s governance and operations.
  3. In partnership with First Nations and funders, grow the Foundation’s endowment to increase First Nations’ access to self-determined stewardship finance while also sustaining valued services provided to First Nations by Coast Funds. Also see Resilient Lands and Waters objective 3.

Key Goals and Objectives:

HEALTHY AND RESILIENT COASTAL ECONOMIES
Goal: To support First Nations’ efforts to build healthy and resilient economies.

  • Strengthen First Nations to grow and diversify resilient local and regional coastal economies by making strategic acquisitions, creating and expanding community-owned enterprises, supporting entrepreneurs, and enhancing economic infrastructure.
  • Support the transition from fossil fuel-dependent electrical grids to renewable energy sources by collaborating with coastal First Nations and the Province of B.C. through the Renewable Energy for Remote Communities program.
  • Partner with First Nations and funders to find new opportunities to fund economic development.

HEALTHY AND RESILIENT LANDS AND WATERS
Goal: To support the revitalization of First Nations’ stewardship of ecology, culture, and protected areas.

  • Strengthen First Nations’ development of Indigenous-led stewardship, Guardian Watchman efforts, and regional stewardship initiatives.
  • In collaboration with First Nations and funders, develop a long-term plan for the intergenerational sustainability of the endowment fund.
  • Explore new opportunities in support of First Nations’ efforts to secure diversified, self-determined, and sustainable sources of revenue to build resilient Indigenous-led stewardship which may include increasing endowed funds in the Foundation.

CONTINUOUS LEARNING AND KNOWLEDGE SHARING
Goal: To partner with First Nations to proactively facilitate the sharing of knowledge, lessons learned, strategies, and outcomes.

  • Collaborate with First Nations to document how stewardship and economic development projects were planned and implemented, how resilient First Nations are becoming increasingly self-determining, and advice for other Indigenous Peoples based on lessons learned.
  • Demonstrate how Coast Funds’ project investments are strengthening well-being on local and regional scales by analysing and publishing environmental, social, economic, and cultural outcomes.
  • Proactively share project stories and well-being outcomes to facilitate peer mentoring and knowledge sharing, and to empower First Nations.

Coast Funds board and staff look forward to continuing collaboration on these strategic goals with First Nations in the Great Bear Rainforest and Haida Gwaii who are leading the way in building a sustainable coastal economy and advancing Indigenous-led stewardship of their lands and waters.

For more information, download Coast Funds’ full 2020-2022 Strategic Plan.