The Sustainable Markets Initiative (SMI), founded by King Charles III, launched several new initiatives at the Commonwealth Heads of Government Meeting (CHOGM) in Samoa, aimed at accelerating climate action and biodiversity conservation within the Commonwealth. These initiatives include a Pacific Hub to connect industry and finance leaders, a Marine Mangrove Sanctuary in partnership with SpaceX and Rotary International, a climate-based training program for government officials, and the SMI Impact Accelerator to support project development and investment readiness. The SMI also unveiled its Nature Risk Tool and launched the Natural Capital on African Governments’ Balance Sheets Initiative to promote the integration of natural capital into national balance sheets.