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Rewiring the Economy

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16<br />

<strong>Rewiring</strong> <strong>the</strong> <strong>Economy</strong><br />

Laying <strong>the</strong> foundations for a sustainable<br />

economy will require widespread and<br />

long-term commitment to collaborative<br />

action continued<br />

A just transition to a low carbon economy<br />

Engaging leaders to unlock structural changes in <strong>the</strong> economy<br />

to reduce and eliminate carbon emissions, whilst addressing<br />

<strong>the</strong> social implications of transition.<br />

For example: The Prince of Wales’s Corporate Leaders<br />

Group (CLG) is a group of business leaders convened<br />

by CISL to advocate for low carbon transformation with<br />

global policymakers. We are committed to working with<br />

‘difficult to deal with’ sectors such as extractives and<br />

energy intensives to support <strong>the</strong>ir pathways to transition.<br />

Sustainable financial system<br />

Working with financial institutions and regulators to clarify<br />

future risk and value, set new business norms and facilitate<br />

innovation with real economy partners.<br />

Over to you<br />

We are looking to our extensive and diverse network of leaders<br />

to take action and share <strong>the</strong>ir insights into <strong>the</strong> challenges and<br />

opportunities <strong>the</strong>y encounter along <strong>the</strong> way, and wherever<br />

possible to collaborate with us over <strong>the</strong> next decade to deliver<br />

this plan.<br />

We invite you to look at your own organisation, at your own<br />

niche in <strong>the</strong> economic system, and consider what it would<br />

take for you and your peers to play a part in delivering against<br />

<strong>the</strong>se ten tasks. Above all, we are looking to you to take action.<br />

We are committed to joining<br />

you on that journey.<br />

For example: The Banking Environment Initiative,<br />

ClimateWise (for insurers) and <strong>the</strong> Investment Leaders<br />

Group bring toge<strong>the</strong>r leaders across <strong>the</strong> finance sector<br />

to take action in <strong>the</strong>ir own industries and work with<br />

leaders in o<strong>the</strong>r parts of <strong>the</strong> economy. We currently<br />

work with several financial services organisations to<br />

build <strong>the</strong>ir leadership capacity through customised<br />

programmes of work.

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