Last week Blackrock (NYSE: BLK) took a big step forward toward engaging public equities in building a circular economy with the launch of its BGF Circular Economy Fund. And to do this we need firms like Blackrock to demonstrate that investments in companies that advance the circular economy are good moneymaking bets. Companies like Adidas and Tomra may have better circular economy practices than their peers, but they are more focused on efficiency than effectiveness. Finally, public equities can’t be expected to get us to a circular economy alone. But let’s use this moment to foster a greater understanding of the kind of investment capital we are all going to need to attract institutional capital to solutions that can hasten the circular economy.

Source: Forbes October 14, 2019 14:29 UTC