Prince Charles has convened a global forum on sustainable development hosted by advisory and brokerage firm Willis Towers Watson.

The company, which has an office in Bermuda, created the forum as part of the “Measure What Matters” project, which aims to generate better alignment and collaboration to move towards a sustainable global economy.

John Haley, CEO of Willis Towers Watson and host of the London event, said: “The global goals are all about risk and Willis Towers Watson’s collective capabilities — and those across the wider industry — play an essential role in enabling governments, business and the wider financial sector to manage that risk.

“The global goals set out by the ‘Measure What Matters’ project provide a vital framework that will inform our strategies and create a shared agenda to connect with partners and clients over the next three years.

“I am pleased to see that the global insurance market has united to support the sustainability goals and Willis Towers Watson is proud to join this industry wide effort.”

Prince Charles told the forum that “Measure What Matters” sustainable goals were crucial.

He added that the challenge was to produce a framework that works at global, national and local levels and for all members of society, whether governments, businesses, investors, civil society and individuals to take part.

Prince Charles said that a new economic framework putting nature’s own “ingenious economy and social wellbeing” at the “heart of thinking”.

After Mr Haley’s speech, a panel of industry experts discussed the sustainable development goals.

The forum was the culmination of the three-year Measure What Matters programme undertaken by Prince Charles’ Accounting for Sustainability project.