I've listened carefully to the discussions of the past two days and tried to formulate these remarks as late as possible. Let me suggest four concrete action points which reflect Commissioner Andor's commitment to what he called 'a new and modern EU CSR policy framework'.

What difference do sustainability reports make to business strategy?

Global climate change has been our greatest market failure. Now it’s our greatest market opportunity.  Market mechanisms are enormously powerful tools to apply to such challenges as climate change. Mitigating greenhouse gas emissions worldwide will require a crash program to use energy more efficiently, and to use renewable energy sources.  Doing this can cut costs and drive competitiveness, spread the use of clean energy technologies that already are cost-competitive and available and develop next-generation technologies in virtually every sector of the economy.

The London Accord is a unique collaboration between investment banks, research houses, academics and NGOs. The London Accord has produced the first ‘open source’ research resource for investors in climate change solutions. This executive summary gives an overview to The London Accord itself. For more information go to www.london-accord.co.uk

Table of contents for the London Accord containing links to articles.