In 2002 the City of London Corporation worked with the UK Government to produce "The London Principles: the role of the UK financial services in sustainable development", a framework for sustainable finance which formed part of the UK submission to the Johannesburg Earth Summit.
Inspired by this project, in 2005 (before the Stern Review was even commissioned) the Corporation joined a coalition of 25 financial services organisation, academic and non-governmental institutions led by Z/Yen, with support from Gresham College, and created the London Accord – an agreement to “make investment work for the climate”.
The London Accord is the result of a true collaboration towards better policies through shared investment research. The London Accord’s first cooperative, ‘open source’ research was published in 2007. Over 780 pages, 24 reports analysed the context, opportunities and implications for investment-led solutions to climate change.