September 2021 brought something of a milestone to the smart mobility movement. Historically, Germany’s legendary IAA was a celebration of the automotive industry. Held in Frankfurt, it attracted petrolheads from all over the world who wanted a first-hand glimpse at the state of the industry. However, times have changed, and the IAA has evolved with it.
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 its Sustainable Finance Roadmap — designed to help mobilise the capital required for Australia to become a renewable energy superpower, modernising the 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, compare and make informed decisions about sustainable investment products to understand what ‘sustainable’, ‘green’ or similar words mean when they’re 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 18 July to 29 August and help the government refine its design principles for the framework.
The consultation paper is available on the Treasury consultation hub.
Image credit: iStock.com/wenich-mit
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