The need for innovation and new green and inclusive business models also provides an opportunity for companies to contribute to green growth and climate action on a profitable basis, by developing new products and services, diversifying their business streams, as well as reaching new targets. A survey of the heads of ‘Caring for Climate’ members, a coalition of businesses under the UN Global Compact, found that over half viewed climate change as a driver of growth and innovation in their companies over the next five years (UN Global Compact/Accenture, 2015). Furthermore, green sectors have experienced higher-than-average growth rates over the last few years; for example, the ‘green and renewable energy’ sector ranks first globally in compounded annual growth rates (CAGR) in revenues by sectors over 2012-2017, as shown by NYU Stern which tracks historical CAGR in revenues and net income by sectors. In the same time span, the total global market CAGR in revenues was 6.45% for comparison (NYU Stern, 2017).