COP27 Business Pavilion for Climate Leadership
We Mean Business Coalition hosted the Business Pavilion at COP27, with WBCSD and 70+ partner organizations, to provide a platform for an ambitious and coordinated business voice.
We Mean Business Coalition will be hosting a Business Pavilion once again at COP28 in the UAE in 2023. Head to our COP28 page to find out more.
For climate action to reduce emissions
We need governments and business to double down on the action needed to avoid ever-growing human suffering and overwhelming economic costs. This is the moment to problem solve, overcome barriers and deliver emissions cuts.
We know what needs to be done across sectors by 2030, including:
At least 300 million electric cars and 6 million zero emission trucks on the road.
At least 61% of global electricity produced from renewable sources.
70+ near zero steel plants and 20+ cement plants with CCUS.
100% of new building projects to be net zero carbon in operation.
Deforestation eliminated from supply chains by 2025.
Comparable and complete corporate climate-related financial disclosure.
At COP27, forward-looking businesses wanted progress across the three key themes of the Egypt Presidency.
'The world can no longer wait.' Statement on behalf of We Mean Business Coalition ahead of COP27
To deliver on their climate ambitions, businesses need national governments to urgently set strong policies across systems. Business also relies on government to deliver international solidarity between countries.
Mitigation to cut emissions
1. Countries re-emphasize the need for Nationally Determined Contributions (NDCs) and 2030 goals to be in line with a 1.5°C pathway and the latest science to halve global emissions by 2030 as agreed at COP26, and commit to take action accordingly.
2. Countries or groups of countries make mitigation commitments in support of sector/systems transitions, in particular, to accelerate the just transition to clean energy and protect and restore nature.
3. The Mitigation Work Program for 2030 agrees to short-term urgent actions, a sectoral focus within its scope and recognizes the important role of non-state actors, including business, in sectoral decarbonization.
4. The Global Stocktake (GST) is designed and implemented in a robust manner to ensure that Parties’ level of ambition matches the action needed to achieve the 1.5°C objective:
- GST design reflects a strong purpose to accelerate global ambition, inclusivity and an evidence-based approach.
- Non-Party Stakeholder action should be integrated into the GST through Biennial Transparency Reports, alongside direct submissions to the GST.
Adaptation and building resilience
1. COP27 elevates adaptation and building resilience, including the needs of access to finance, technology and capacity
2. Tangible process is made in the 2-year work program launched at COP26 to develop a Global Goal on Adaptation
3. Finance by developed countries towards adaptation increases. Specifically, public financing from developed countries to support developing countries reflects a 50:50 split towards climate mitigation and adaptation
4. Loss and Damage (L&D) is on the formal agenda of COP27, and progress is made on:
- Recognition of impacts being felt already and need for collective response
- Finance pledges and instruments – COP27 may see some governments coming forward with new pledges for finance to address Loss and Damage, as well as several Parties will call for the development of a Loss and Damage facility under the UNFCCC that will ensure that L&D issues are treated in a holistic manner.
1. Countries deliver on public finance now to unleash private sector investments that immediately help reduce emissions and impacts
2. Countries deliver on the USD 100 billion per year international public climate finance commitments for developing countries’ climate mitigation and adaptation efforts
3. Countries commit to future public finance with concrete steps towards agreeing a New Collective Quantified Goal post-2025 on financing from developed countries to support developing countries
4. Countries make progress on pathways to align financial decisions and flows with 1.5°C scenarios:
- Reform fossil fuel subsidies by 2025 with plans to repurpose those towards energy efficiency, renewable energy and other measures to support a people-centered and equitable clean energy transition
- Put a meaningful price on carbon and implement the Article 6 rules
- Make climate-related environmental disclosure mandatory for corporations
Impressions from the Business Pavilion
Our CEO María Mendiluce presenting the statement in support of 1.5°C to Simon Stiell (credit: UNFCCC).
Barbara Davidson of Carbon Tracker speaking at the 'Accounting for Climate: What are we still missing?' event.
Laura & Tashka Yawanawá, Chief of the Yawanawá, speaking at the event 'Sustainable Business in the Amazon'.
Outgoing UNFCCC Executive Secretary Patricia Espinosa at the launch reception of onepointfive.
Climate Group CEO Helen Clarkson moderating the 'Accelerating Industry Transitions in India' event.
VCMI Steering Committee Co-chair Tariye Gbadegesin speaking at the nature half-day event.
SBTi's Alberto Carrillo Pineda at the event 'Scaling science-based decarbonization across the value chain'.
The Elders Chair Mary Robinson at 'Raising Business Ambition to Accelerate a Just and Inclusive Transition'.
Browse our COP27 Business Pavilion events, hosted in collaboration with We Mean Business Coalition sponsors and supporting partners.
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The Business Case for Net-Zero in the United States
Hosted by: Duke University
Moderator: Jackson Ewing, Senior Fellow, Duke University Nicholas Institute of Environment, Energy & Sustainability
The United States is committed to a net-zero greenhouse gas emissions footprint by 2050. Incrementalist approaches will be insufficient to meet this goal, which requires combining public policy implementation, technological progress, and changes to operational norms and strategies in public and private sectors. These efforts will be successful only if they effectively galvanize private sector leadership in decarbonizing the US economy. This Energy Pathways USA panel brings together top US private sector leaders to discuss key net-zero challenges and opportunities for their own operations, and those effecting the broader American and international landscape.
Alexandra Liftman, Global Environment Executive, Bank of America
Alison Taylor, Chief Sustainability Officer, ADM
Katherine Neebe, Chief Sustainability Officer, Duke Energy
Niklas Gustafsson, Head of Public Policy & Regulatory Affairs, Volvo
Roger Martella, Chief Sustainability Officer, GE
Showcasing Business Ambition, Action, and Accountability for Enhanced Policymaking
Hosted by: CDP
Moderator: Pietro Bertazzi, Global Director - Policy Engagement and External Affairs, CDP
COP26 marked an increased ambition to tackle climate issues by governments and businesses. However, both face challenges to turn this ambition into long term strategies and policies for governments, and Net Zero transition plans for businesses. This event at COP27 will bring together key policymakers and businesses in a crucial, interactive discussion on how evidence from the real economy can translate NDC ambition into strategies and policies towards a sustainable, 1.5°C aligned transition. Drawing from We Mean Business Coalition – CDP's Ambition Loop Project, the event will showcase evidence and insights – including energy-related business evidence and policy recommendations – focused on Germany, Japan, and India.
• Sophie Punte, Managing Director of Policy, We Mean Business Coalition
Unleashing the power of business to create a regenerative future in Africa
Hosted by: Danone, Now Partners, B Lab
Business, alongside governments and other civil society actors, has a major role to play in addressing climate challenges and creating a regenerative economy in Africa - provided that business models evolve to seek not only economic success but also positive impact on people and planet. This session will explore how businesses are doing just this. It will look in particular at the B Corp movement, which is helping companies align with the highest environmental, social and governance standards. And it will showcase concrete examples of how local business leaders have transformed their ecosystems in line with B Corp principles.
• Henri Bruxelles, EVP/ Chief Sustainability & Business Development Officer, Danone
• Walter Link, Founder and CEO of Now Partners
• Bart Houlahan, Co-Founder of B Lab
• Lucy Muigai, CEO of B Lab Africa
• Hesham Radwan, General Manager and Managing Director for Danone Egypt and Northeast Africa
• Helmy Abouleish, CEO of Sekem
• Hunter Lovins, Environmentalist and President of Natural Capitalism Solutions
Opportunity Scope 3: How to exchange emissions data across value chains and why
Hosted by: WBCSD
There is a strong momentum to create greater accountability around greenhouse gas GHG emissions from across the value chain (Scope 3), with e.g., the SEC, ISSB and EFRAG more recently, all new requirements for transparency. However, today, most organizations do not have access to accurate, primary and verified data to fulfil such requirements or make truly informed emissions reduction decisions. Without this data, full transparency and hence decarbonization are difficult to achieve.
In this session, members of the Partnership for Carbon Transparency (PACT) – an initiative led by WBCSD and supported by We Mean Business Coalition bringing together different stakeholders to jointly put in place the methodological and technological infrastructure necessary for emissions data exchange – will share the progress made in enabling companies to understand their supply chain emissions truly.
Unlocking the Regenerative Power of Infrastructure
Hosted by: Acciona
To achieve the Sustainable Development Goals by 2030 and net zero emissions by 2050, significant investment in sustainable and resilient infrastructure is required. The OECD estimates that USD 6.9 trillion per year are needed up to 2050 for investment in infrastructure to meet development goals and create a low carbon, climate resilient future.
This session will focus on how designing private and public partnership integrated upstream sustainable approaches can help to ensure that better projects are fed into the financing pipeline and creates more opportunities for climate resilience and economic growth. And downstream, project-level sustainable tools and approaches ensure that these investments translate into positive impacts on the ground, especially around water management as a primary regenerative infrastructure:
• Reinforcing the importance of accelerating action on water to secure the economic future of water-stressed regions heavily impacted by Climate Change.
• Highlight opportunities to increase the ambition and pace of climate action, with a particular focus on strategies for catchment, desalination, purification, distribution, sanitation, treatment, and regenerative water reuse.
• Mr. José Manuel Entrecanales Domecq, Chairman and CEO, Acciona
• Mr. Hassan Allam, CEO, Hassan Allam Holding
• Mr. Ayman Soliman, CEO, The Sovereign Fund of Egypt
Launch of the Asia Clean Energy Coalition: Accelerating corporate renewable electricity procurement in Asia
Hosted by: Climate Group
Moderator: Jennifer Layke, Global Director of Energy, WRI
Climate Group, GWEC and WRI launch the Asia Clean Energy Coalition (ACEC), aiming to rapidly improve the policy and regulatory environments for corporate renewable electricity procurement in Asia to support decarbonisation goals. ACEC will convene a coalition of influential renewable energy buyers in Asia, in collaboration with sellers and financiers, to strategically shift policy and regulation in key Asian national and regional markets.
• Helen Clarkson, CEO, Climate Group
• Ben Backwell, CEO, GWEC
• Edward Palmieri, Senior Director of Sustainability, Meta
• Marsden Hanna, Head of Sustainability and Climate Policy, Google
• Adam Bruce, Global Head of Corporate Affairs, Mainstream Renewable Power
• Ng Lay San, Co-founder & Head, GoNetZero, Sembcorp Industries
• Sepi Golzari-Munro, Director, Energy Transition, GWEC
How to build business readiness for a just transition
Hosted by: PwC
Moderator: Bridget Jackson, PwC Global Director of ESG Partnerships
This session explores what a just energy transition means for jobs and skills, and identifies practical and actionable steps to help business, in both developed and emerging markets, advance a just transition agenda according to their respective capabilities. Insights from several stakeholders’ conversations shed light on how businesses, policy makers and NGOs are preparing for these transformations, and the challenges businesses face at different stages of their decarbonization journey. PwC’s presentation will be followed by a panel discussion with representatives from policy and business, and concluding with Q&As.
Emma Cox, Global Climate Leader, PwC UK
Bridget Jackson, PwC Global Director of ESG Partnerships
Rachel McEwen, Chief Sustainability Officer, SSE
Vaishali Nigam Sinha, Chief Sustainability Officer, ReNew Power
Halla Tómasdóttir, CEO & Chief Change Catalyst, The B Team
Ekkehard Ernst, Chief of the Macroeconomic Policies and Jobs Unit at the International Labour Organization
Carbon Pricing and Trade, What Future?
Hosted by: World Economic Forum, ERCST
The use of carbon pricing instruments is growing worldwide. So too, is interest in border carbon adjustments (BCAs), to ease industry competitiveness concerns. This reflects a growing need to improve dialogue between trade and climate governance forums. Many climate-trade discussions are underway, but there are few systemic or formalised processes. Would this be needed, and how can we ensure that trade policy is put at the service of accelerated climate action?
- Andrei Marcu, Executive Director, European Roundtable on Climate Change, Trade and Sustainable Transition (ERCST)
- Aik Hoe Lim, Deputy Director-General, World Trade Organization (WTO)
- Anne van Ysendyck, Vice-President; Head, Government Affairs and Environment, Europe, ArcelorMittal
- Peter Govindasamy, Chief Negotiator, Pacific Alliance-Singapore Free Trade Agreement, Ministry of Trade and Industry of Singapore
- Joachim Monkelbaan, Lead, Climate Trade, World Economic Forum
Investing in the global goal to halt and reverse forest loss and land degradation by 2030: The critical role of business, subnational governments, and Indigenous Peoples and Local Communities
Hosted by: We Mean Business Coalition, International Union for Conservation of Nature & Food and Agriculture Organization of the United Nations
At COP26 more than 140 countries committed to work collectively to halt and reverse forest loss and land degradation by 2030 while delivering sustainable development and promoting an inclusive rural transformation. At COP27, the Forests & Climate Leaders’ Partnership will be launched to unite action by government, business and community leaders, and shine a spotlight on global progress towards every year through 2030. This panel will highlight the necessity for countries to engage meaningfully with business, subnational governments, and Indigenous Peoples and Local communities in order to reach their commitment to halt and reverse forest loss and land degradation by 2030.
- Increasing investment in nature for climate mitigation through the voluntary carbon market (Natural Climate Solutions Alliance, 14:45-15:45)
- Feeding the world while preserving forests: Achieving agricultural supply chains decoupled from deforestation (FAO, 15:45-16:45)
- Indigenous and local government leadership in REDD+ Programs (Nature and Culture International, 16:45-17:45)
Mario Boccucci, UN-REDD Program
Paulina Ponce de Leon, Managing Director and Partner, Boston Consulting Group
Eron Bloomgarden, CEO and Founder, Emergent
Adriana Vidal, Senior Policy Advisor, Climate Change, IUCN
Dominic Waughray, Senior Adviser to the CEO, WBCSD
Jack Hurd, Executive Director, Tropical Forest Alliance
Francisco César Razzolini, CSO, Klabin S.A
Frannie Leautier, Senior Partner and CEO, South B Group Karina Barrera, Sub-Secretary of Climate Change, Ministry of Environment Ecuador
Allan Jorgensen, Head of Centre for Responsible Business Conduct, OECD
Matt Clark, CEO, Nature and Culture International
Lolita Piyahuaje, Vice President, CONFENIAE
Marioldy Sanchez, Forest Alliance Manager, AIDER
Diana Mori, Shipibo – Conibo Indigenous Leader, Social Enterprise Lead for Nii Kaniti Project
Rasmus Valanko, Managing Director, Systems Transformation, We Mean Business Coalition
Building resilience in the energy sector
Hosted by: National Grid
The conflict within Ukraine serves as a stark reminder of the impact that geopolitical relations have on energy cost and supply. The global covid pandemic has also profoundly changed the way we work. Society is reliant on a secure energy supply that is clean, fair and affordable but in an uncertain world, this will only be achieved by building more resilience into our organisations.
This event will discuss how we must work across organisational silos and beyond the energy industry, taking a whole of community approach to achieve resilience in the energy systems of the future.
Strengthening global collaboration on business climate advocacy
Hosted by: Corporate Leaders Groups
Moderator: Eliot Whittington and Beverley Cornaby
The event aims to launch a reactivated global Corporate Leaders Network for climate action focused on catalysing business advocacy on climate policy at a national level and bringing together key policy and NGO stakeholders with contributors from international business networks across the world. A drinks reception open to all participants will follow directly after the event in the dedicated area of the WMBC Pavilion.
• Gonzalo Sáenz de Miera, Global Director of Climate Change and Alliances, President of the Spanish Green Growth Group
Transatlantic Business Roundtable: Together out of the crisis: G7 climate leadership for industry transformation, energy security and social cohesion.
Hosted by: Stiftung KlimaWirtschaft
Moderator: Till Kötter & Dennis Tänzler, Stiftung KlimaWirtschaft / adelphi
Industrial Decarbonisation has been a key focus of the German G7 Presidency. Various Ministerials as well as the G7 Leaders Summit delivered outcomes for industry decarbonization like an IEA report on green product standards for cement and steel, a circular economy action plan as well as a green H2 action plan and the announcement of establishing a G7 Climate Club. Transatlantic collaboration as well as leadership by the upcoming Japanese G7 Presidency will be key to drive forward the implementation of those deliverables and to support industry frontrunners in the needed transformation.
This (hybrid) chatham house rule roundtable style event will take stock of what has been achieved during the German G7 Presidency and what needs to be done for a successful implementation during the time of the Japanese G7 Presidency, and after the upcoming US midterm elections. Invitation only.
News and insights from the Coalition at COP27.
The best way to limit the scale of loss and damage for vulnerable communities around the world, is to cut emissions as fast as possible.
The We Mean Business Coalition partners strongly support the inclusion of language around a clean, just energy transition away from fossil fuels in the COP27 cover decisions.
Here are some of the positive signals and key announcements from the ten days of COP27, across corporate climate ambition, action, advocacy and accountability.
We Mean Business Coalition has launched a vision paper at COP27 on responsible policy engagement (RPE) by corporates.
The needs of women and communities most vulnerable to climate change should be front and centre of negotiations at COP27.
It is crucial that governments take the action necessary to keep global temperature rise to 1.5°C. Over 200 business leaders and major civil society voices reaffirm their own commitments and call on governments to urgently pursue delivery.
Through our new partnership, We Mean Business Coalition and VCMI will support companies to build integrity in voluntary carbon markets.
We Mean Business Coalition CEO María Mendiluce talks about barriers to climate action including finance access, and the need for regulation and consistent reporting.
We Mean Business Coalition calls on government to direct more funding towards business action to cut emissions and adapt to climate impacts.
We Mean Business Coalition Deputy Director, Net Zero Finance Dr. Jane Thostrup Jagd shares key takeaways from a COP27 Business Pavilion event hosted by Carbon Tracker and Climate Action 100+.
We cannot reach global emissions goals without SMEs on board, but governments and corporations must join us in facilitating their action, writes SME Climate Hub Director Pamela Jouven.
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