Background
The London Accord has five major strands of activity:
- website and media publication – providing a one-stop database for people outside financial services to access financial services reports towards the end of their useful commercial life, i.e. three to six months old. The website structures reports by theme, e.g. forestry, nuclear, carbon trading, risk, financial services assessment and reform. The process helps outsiders see who is active in what areas, what research is planned (if firms wish to share that), and what practical impacts research has made;
- social responsibility enhancement – the London Accord would undertake to enhance the reputations of participating members and stress the social benefit of sharing their proprietary research;
- policy development – moving from risk and problem-analysis to the governmental and investment implications – a ‘one-stop shop’ for financial services dialogue with policy-makers;
- incubation – forming new collaborative groups and spin-offs, e.g. similar to the “cash in, carbon out” theme of 2007, perhaps in areas such as “ensuring a resilient global financial system”, “deploying technology to solve problems” or “strategies for dealing with scarcity in water, forestry, fisheries or farmland”;
- support – the London Accord supports many excellent initiatives in socially responsible investment ranging from sustainability organisations to the Enhanced Analytics Initiative to the Universities Superannuation Scheme’s & Gresham College’s Farsight Award by giving them more evidence to support their activities.
The City of London Corporation ‘holds’ the intellectual property rights of ‘donated’ reports. Membership is open to financial services firms and policy bodies, e.g. governments, the UNFCCC.
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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