Overview
- The Svalbard Global Seed Vault was awarded the Princess of Asturias Prize on Wednesday for its role as a shared, neutral repository that safeguards crop genetic material.
- The facility holds more than 1.3 million seed samples representing over 6,000 species from 249 countries and serves as an emergency backup for national and regional genebanks.
- In February 2026 the vault accepted its first major olive deposit of 25,000 seeds covering 50 varieties from the University of Córdoba, expanding representation for a key food crop.
- Norway owns the rock-cut vault near Longyearbyen and operations are run under an agreement with NordGen and the Crop Trust so deposited seeds remain the property of the submitting banks.
- The vault has proven utility and vulnerability: duplicates helped rebuild ICARDA’s collection after the 2015 Syrian war and a 2017 permafrost melt flooded the access tunnel, prompting a roughly $13 million repair that highlighted climate and infrastructure risks to Arctic storage.