For immediate release
Planet Ark have today announced new partnership with Boston Global to drive the nation's transition towards a circular economy with the launch of the Circular Future Fund (CFF), a dedicated investment fund focused on catalysing a new way of thinking about resources.
The CFF aims to foster a circular approach to the materials economy—one that eliminates waste, keeps resources in use for as long as possible, and regenerates natural systems. The fund aims to support projects and innovations that contribute to these goals, directly benefiting Australian businesses, communities, and the environment.
Rebecca Gilling, CEO of Planet Ark, outlined that the fund could have a transformative impact on circularity in Australia.
“This partnership with Boston Global and the launch of the Australian Circular Future Fund is a pivotal step in our mission to transform Australia’s economy. We believe this fund will be instrumental in driving the circular transition and setting new benchmarks for sustainability,” she said.
Leigh Higgins, Chairperson of Boston Global’s funds management business echoed this sentiment, highlighting the fund’s potential to shape the future of Australia’s economic landscape.
"By investing in circular innovations, we are advancing a sustainable and prosperous future while enabling the business sector to harness the opportunities the circular economy presents," he said.
This first of its kind partnership between Planet Ark and Boston Global aligns two organisations with a shared vision of sustainability and economic resilience. Boston Global, known for its investment expertise and purpose driven mission, joins forces with Planet Ark to catalyse solutions to critical environmental challenges through the CFF.
To keep global heating below 1.5 degrees, the world must reach net zero greenhouse gas emissions by 2050, with a 45 per cent reduction by 2030. Research by the Ellen MacArthur Foundation shows that 55 per cent of the journey to net zero will be achieved by transitioning our energy systems to renewable sources.
The remaining 45 per cent, however, must be addressed by moving from the linear 'take, make, dispose' model of resource use to a circular approach. The CFF will drive investment to support this transition, with the potential to have up to $1 billion in funds within the next five years focused on solving our triple planetary crisis of climate change, biodiversity loss, and toxic pollution.
The fund will target multiple sectors, including:
- Recycling and waste management: Enhancing existing recycling systems and developing advanced recycling technologies.
- Product design: Encouraging companies to adopt circular design principles, creating products that are longer-lasting, repairable, and recyclable.
- Renewable resources: Supporting the development of bio-based materials and renewable energy solutions that are both scalable and sustainable.
By targeting these high-impact sectors, the CFF aims to facilitate Australia's leadership in circular practices, encouraging innovation and supporting the next generation of sustainable businesses. This initiative will not only contribute to environmental protection but also drive economic resilience by creating jobs, stimulating green industries, and reducing dependence on finite resources.
The CFF is open to both investors and innovators who share the vision of a circular economy and a resilient future for the Australian economy. Investors will have the opportunity to support projects that deliver both strong financial returns and environmental benefits, while innovators will gain access to essential funding, guidance, and resources to bring their ideas to market.
For more information about the Australian Circular Future Fund, or to explore investment and innovation opportunities, visit https://acehub.org.au/impact/circularfuturefund.
Key Facts:
- Planet Ark and Boston Global have announced a new partnership and launched the Circular Future Fund, Australia's first dedicated circular economy investment fund.
- To keep global heating below 1.5 degrees, the world must reach net zero greenhouse gas emissions by 2050, with a 45 per cent reduction by 2030.
- Research shows 45% of the journey to net zero can only be addressed by transitioning to a circular economy.
- There is potential to have up to $1 billion in funds under CFF management in the next five years.
- The fund will target high-impact sectors including recycling and waste management, product design and renewable resources.
- The CFF is now open to both investors and innovators. To find out more visit s://acehub.org.au/impact/circularfuturefund.
About us:
About Planet Ark and the Australian Circular Economy Hub
Planet Ark is a leading environmental organisation with a long-standing commitment to promoting sustainable practices across Australia. The Australian Circular Economy Hub, an initiative of Planet Ark, serves as a platform for information, collaboration, and innovation in the circular economy.
About Boston Global
Boston Global is a respected leader in investment and project development, with a focus on sustainability and impactful change. The partnership with Planet Ark is a testament to their commitment to driving meaningful environmental progress through strategic investments.
Contact details:
For further information, interviews or images please contact:
Liam Taylor
Communications Manager
02 8484 7205 / 0449 530 525
