Following on from our successful and very well attended recent event on 'Accelerated Climate Change' we are delighted to invite you to a briefing event with Michael Mainelli (Principal Advisor of the London Accord and Executive Chairman of Z/Yen Group), Simon Mills (Head of Sustainable Development for the City of London) and Jan-Peter Onstwedder (Project Director of the London Accord and formerly Global Head of Risk at BP).
The London Accord is the largest cooperative project in the world on the investment opportunities in avoiding climate change. The London Accord's theme is 'cash in, carbon out'. The London Accord provides a rich source of data and analysis, freely available, which will be invaluable for members and partners of Tomorrow's Company.
Tomorrow's Global Company: challenges and choices argues that business is a force for good, and has an extraordinary capacity to deliver practical solutions - through technologies, innovation, skills, scale, commitment and passion. The scale and complexity of climate change is such that there will not be effective solutions without harnessing the power of business.
The London Accord is a powerful example of what this capacity can achieve. It argues that private sector investment is crucial to climate change investment (86% of capital investment in energy supply, according to UNFCCC). Much of that investment will be funded through large pension funds and asset managers, who rely on analysis by the financial services sector for investment decisions.
In so doing, the London Accord practically demonstrates that the financial services sector understands well the implications of climate change: leaders such as ABN Amro, Bank Sarasin, Barclays & Acclimatise, Canaccord Adams, Cheuvreux, Credit Suisse, Herbert Smith, JPMorgan Chase, Merrill Lynch, Morgan Stanley, Société Générale and WestLB co-operated in the London Accord as an 'open-source' research project.
The result is impressive: a 780-page guide to investment for climate change - the largest-ever private-sector investment collaboration into climate change, representing work valued at £7million ($15million).
|8:30 - 8:40||
Introduction – Tomorrow’s Company
|8:40 - 8:50||
Background From A Sponsor’s Perspective
Simon Mills is a specialist in sustainable finance, climate change, environmental planning, management systems and policy development. He advises the Bridge House Trust on sustainable development issues and sits on the steering groups a number of pan London and national fora including; the London Climate Change Partnership, the Construction Industries Council Sustainable Development Committee and the CIEH Expert Panel on Sustainable Development.
|8:50 - 9:15||
The London Accord - Making Investment Work for the Climate
From 2001 to 2006 Jan-Peter was Head of Risk Management for the Integrated Supply & Trading division of BP plc, responsible for market, credit and operational risk. Jan-Peter began his risk career with Citi, then Barclays/BZW and prior to 2001 was Head of Group Market Risk for The Royal Bank of Scotland. Jan-Peter has an MBA from Kellogg, Northwestern University, Chicago and an MSc in mechanical engineering from Delft University of Technology in The Netherlands.
|9:15 - 9:25||
London Accord 2008 and Beyond
Professor Michael Mainelli
Michael leads Z/Yen, the City of London’s leading think tank, since co-founding it in 1994 in order to promote societal advance through better finance and technology. Michael worked in the 1970’s as a scientist in aerospace and environmental research, then as an accountancy partner, then with the UK Ministry of Defence on technology commercialisation. Michael is Professor of Commerce at Gresham College and a non-executive Director of the United Kingdom Accreditation Service.
|9:25 - 10:30||