Terra Carta
Building a sustainable future
For Nature, People, and Planet
For more than five decades, The former Prince of Wales has been a champion for the fight against climate change and biodiversity loss.
Launched by The former Prince of Wales at The World Economic Forum 2020 Annual Meeting in Davos, and under the mandate of the Terra Carta, the Sustainable Markets Initiative's mission is to build a coordinated global effort to enable the private sector to accelerate the transition to a sustainable future.
Making an Impact
500+
CEOs pledged support for the Terra Carta
66
Global Organisations awarded with Terra Carta Seal
19
CEO-led Task Forces
180+
Global CEO Task Force members
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The Terra Carta, a charter for change
In sustainable markets, the economy operates in favour of people and planet while contributing to growth and prosperity. The Terra Carta is the charter that provides a roadmap to 2030 for businesses to move towards sustainable markets; one that will harness the power of Nature combined with the transformative power, innovation and resources of the private sector.
Under the mandate of the Terra Carta, the Sustainable Markets Initiative will encourage three major market transformations:
A dramatic shift in corporate strategies and operations
A reformed global financial system
An enabling environment that attracts investment and incentivises action
Sustainable Markets Initiative
Vision
A sustainable future for Nature, People, and Planet.
Mission
To build a coordinated global effort to enable the private sector to accelerate the transition to a sustainable future.
Action
The former Prince of Wales is gathering a global ‘coalition of the willing’ who share the vision around the need to accelerate global progress towards a sustainable future.
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Convening Decision Makers
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Task Forces
SMI's private sector CEOs come together in Task Forces by sector to drive collective action towards a sustainable future. The CEOs set priorities and oversee progress made by working groups.
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Country Engagement
SMI engages countries around the world to accelerate and scale their transition efforts. It does this by linking them to expertise and investment to realise sustainability priorities, and by convening Country Councils to support national transition plans.
Unlocking Investment
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Natural Capital Investment Alliance (NCIA)
The NCIA is a key vehicle to delivering on the Terra Carta's ambitions. At COP26, the NCIA announced a commitment to mobilise at least $10 Billion in investment into Natural Capital assets in 2022, with an ambition to scale that investment in coming years.
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Scaling Private Sector Investment (SPSI)
Led by top professional services companies, the goal of the SPSI Initiative is to find new ways to harness private capital and bring together critical stakeholders to work towards the standardisation that is essential to scaling private capital flows.
Inspiring Innovation
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Terra Carta Design Lab
The Terra Carta Design Lab is a collaboration with the Royal College of Art. It invites the world’s most talented design students to design high-impact, low-cost solutions for Nature, People, and Planet.
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RE:TV
A content platform showcasing the most inspiring business innovations and ideas for a sustainable future through a series of films curated by the editor-in-chief, The former Prince of Wales.
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01 June 2022 Space Sustainability Summit
Bringing innovative thinking to the next great frontier–Space sustainability. His Majesty King Charles III when in role as The Prince of Wales shared his ambition for an Astra Carta at the United Kingdom’s Space Sustainability Summit. Learn more here.
Stay updated
Latest news
Press release from the SMI 24 May 2023 Joint Global Partnership Launched by the Sustainable Markets Initiative, Howden and Resilient Cities Network
The partnership will address urban climate change vulnerabilities and explore how insurance can be incorporated into climate resilience solutions to support city resiliency
Posted by WBCSD 09 May 2023 The World Business Council for Sustainable Development (WBCSD) and the Sustainable Markets Initiative (SMI) announced Trane Technologies has pledged to the H2ForNetZero initiative, joining 34 other companies in this commitment to accelerate the use of low-carbon hydrogen.
Press release from the SMI 05 May 2023 Sustainable Markets Initiative Announces New Terra Carta Accelerator Initiative
Terra Carta Accelerator Initiative supports the financing of Nature-based priorities
Press release from the SMI 27 April 2023 Sustainable Markets Initiative Announces Puig Company to Join Fashion Task Force
Puig Company to Join Fashion Task Force
Press release from the SMI 14 April 2023 Sustainable Markets Initiative launches Blended Finance Task Force to build new pathways for an investable pipeline of projects
Driving momentum to mobilize additional private capital, scale investment and reduce risk
Announcement from the SMI 16 March 2023 The Health Systems Task Force Shares Joint Supplier Targets
The Sustainable Markets Initiative Health Systems Task Force has come together to set joint, minimum climate and sustainability targets for suppliers, to address emissions across the value chain and reduce the complexity of multiple asks for suppliers.
Available for download
Resources
Refinitiv May 2021 Energy Transition
Roundtable briefing note.
Refinitiv April 2021 Private Equity and Sustainability
Roundtable briefing note.
Sustainable Markets March 2021 The Circular Bioeconomy Alliance Leaflet
The Circular Bioeconomy Alliance has been established to accelerate the transition to a circular bioeconomy that is climate neutral, inclusive and prospers in harmony with nature.
Refinitiv March 2021 Plastics
Roundtable briefing note.
Refinitiv February 2021 Shipping
Roundtable briefing note.
Refinitiv February 2021 Insurance
Roundtable briefing note.
Sustainable Markets Initiative Limited
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