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Commission urges sustainable business models

Multinational companies should be at the forefront of commercial sustainability, according to a parliamentary commission.

A report from the Industry and Parliament Trust Sustainability Commission includes recommendations to the Government on how to promote sustainable business models.

The report follows six evidence sessions held after the creation of the commission in September.

An emphasis was placed on reforming capital markets to favour sustainability over short-term investment.

The report also recommends targeting top-level board members in the hope that preferred business models would filter through organisations and supply chains.

Commission chair Caroline Spelman said “I am excited about this report, which I hope will initiate serious discussions across many sectors about the long-term benefits of sustainability to companies, business and the UK as a whole.”

Nick Maher, chief executive of the Industry and Parliament Trust, said: “I hope the final report can be used as a springboard to showcase the importance of having a business model, based on the three pillared harmonisation of the economy, environment and society.”

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