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Press Release from the Sustainable Markets Initiative 14 March 2024

Private sector pursuit of sustainable future: The growth story of our time

2023 Impact Report highlights delivery, engagement, and growth as companies put Nature, People and Planet at the heart of global value creation.

London, United Kingdom: Demonstrating the important role the private sector plays in driving a more sustainable economy, the Sustainable Markets Initiative today published its 2023 Impact Report, The Growth Story of Our Time.

The Report highlights the organisation’s continued growth, projects and initiatives through industry and finance Task Forces, Regional and Country Councils and engagement on a world stage, including as the strategic partner to the Business and Philanthropy Climate Forum , the first private sector forum to be included in the official COP Presidency Programme (COP28).

Brian Moynihan, Chair and CEO of Bank of America, and Chair of the Sustainable Markets Initiative said:

“The private sector has the capital, the talent, and the ingenuity to drive a more sustainable business infrastructure. The Sustainable Markets Initiative is working with companies of all sizes and industries to help bring clean technologies to market, deploy capital to scale innovation, and address transparency. We accelerated progress through cross-Task Force collaboration, helping Sustainable Markets Initiative CEOs develop solutions and scale not achievable by one industry alone. This past year also showed the private sector and the Sustainable Markets Initiative are equal partners with the public sector and governments at global gatherings focused on these important issues, demonstrating our value in accelerating sustainability outcomes and related systems changes.”

Jennifer Jordan-Saifi, CEO of the Sustainable Markets Initiative said:

“The private sector has emerged as the vanguard of the new era – one where profitability and the global public good are not mutually exclusive. Today’s narrative is one of private-sector diplomacy, moral courage, and relentless determination. Across industries, finance and countries our CEOs are embracing their role as catalysts, driving a seismic shift towards a sustainable future – one that puts Nature, People and Planet at the heart of value creation.”

The report reflects the vision of our Founder, His Majesty King Charles III, who launched the Sustainable Markets Initiative in 2020 when he was the Prince of Wales.

The 2023 Impact Report can be viewed here .

View the full press release