"Towards better policies through shared investment research"
The London Accord
 Today’s social and environmental issues are tomorrow’s key investment drivers. The financial services industry must develop better ways of engaging with society on long-term issues. A good example of how rapidly ‘fringe’ issues become core to investment is climate change and the carbon markets. The financial services industry has been at the forefront of research on the subject for some time, yet largely absent from the public climate change debate.
Sell-side and independent financial analysis has a short life within the industry, less than three months for most research reports. The audience for investment research is a narrow one, perhaps several hundred people for most reports, yet there is additional value to gain by sharing this research appropriately with society. The financial services industry produces copious research on a variety of topics of interest to policy-makers, politicians, industry and NGOs, for example on:
- all of the Copenhagen Consensus issues, e.g. malaria, AIDS/HIV, corruption, armed conflict, governance, pandemics;
- scarcity – water, cropland, fish, living space;
- quality of life – obesity, longevity, genetic modification, access to medicine.
Decision-makers are interested in how the financial world thinks and how it views prospective policy changes or improvements. Given that financial markets are more and more frequently the mechanism by which global risks and rewards are transmitted, e.g. micro-finance, internalisation of carbon emissions, or motivations for drug companies to research tropical diseases, the robustness and resilience of financial markets themselves is an issue crucial to solving global risks.
The London Accord increases the social value of the existing investment research process and adds value for the authors and their firms by enhancing policy recommendations. The City of London Corporation, in cooperation with the London Accord participants, leads this 'open source' research project and shares this resource with society.
Get involved
The London Accord is simple, get more recognition and value from research by sharing what you are about to archive. If you or your firm are interested in exploring participation and funding the London Accord, please contact: Professor Michael Mainelli at Z/Yen Group. michael_mainelli@zyen.com, tel: +44 (0) 207-562-9562.
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Discussion document on climate finance
A London Accord discussion document, Climate Finance, Business and Community: The Benefits of Co-operation on Adaptation, has been posted by Acclimatise. Feedback on the paper is welcome and will be incorporated into a revised document, published in spring 2009.
further information >>
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Outlook 2009
Download our brochure, London Accord: Outlook 2009 >>
Notices
Read London Accord related notices >> |
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