This post was originally published on Sustainability Matters
The Australian Government is starting consultation on sustainable investment product labelling, which is designed to give investors more confidence to put more capital to work in sustainable products.
The federal government said the release of this paper is a key step in implementing itsย Sustainable Finance Roadmap โ designed toย helpย mobilise the capital required for Australia to become a renewable energy superpower, modernising theย financial markets and maximising the economic opportunities from net zero.
This consultation paper seeks views from investors, companies and the broader community on a framework for sustainable investment product labels.
These labels are designed to help investors and consumers identify, compareย and make informed decisions about sustainable investment products to understand what โsustainableโ, โgreenโ or similar words mean when theyโre applied to financial products.
The government said a more robust and clear product-labelling framework will help investors and consumers invest in sustainable products with confidence and help tackle greenwashing.
This phase of consultation will run from 18ย July to 29ย August and help the government refine its design principles for the framework.
The consultation paper is available on theย Treasury consultation hub.
Image credit: iStock.com/wenich-mit
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