COP27 Business Pavilion for Climate Leadership
We Mean Business Coalition hosted a pavilion in the Blue Zone, with WBCSD and 70+ partner organizations, to bring an ambitious and coordinated business voice to COP27.
If you missed a livestreamed session, recordings are available to watch here.
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.
13 resultsClear all filters
Navigating the accountability landscape in driving towards net zero
Hosted by: WBCSD
Companies need to increase ambition, action and accountability toward net zero. There is strong momentum to move toward greater accountability on greenhouse gas (GHG) emissions reporting, with various regulatory bodies such as, the U.S. Securities and Exchange Commission (SEC), the International Sustainability Standards Board (ISSB) and the European Financial Reporting Advisory Group (EFRAG), all recently enforcing existing and proposing additional requirements.
Accurate accounting of GHG emissions, progress tracking and public reporting are essential steps in accelerating decarbonization to achieve net zero. Thereby, companies are faced with complex and fast-evolving net-zero and carbon accounting landscape. There is also increasing scrutiny on companies as they reduce emissions.
In this session, we will examine the complexities and dependencies in net-zero target setting, GHG emissions accounting and progress reporting landscape and provide insights into how the ecosystem can come together to better equip organizations to drive towards net zero.
Our food is on the table: Accelerating the transition to resilient food systems
Hosted by: WBCSD
Food needs to be on the table, at COP27 and beyond. We must address the current food security crisis, exacerbated by the war in Ukraine, while simultaneously accelerating action to improve access to nutritious diets, drastically reduce GHG emissions in food systems; protect and restore nature and strengthen the ability of food producers to adapt to climate impacts already locked in.
This session will highlight the interconnectedness of food systems and climate mitigation and adaptation action and the need to tackle both of these issues in a holistic and cohesive manner to tackle climate change and generate resilient, equitable systems. It will include detailed case studies on regenerative agriculture and Nature-based Solutions (NbS), food loss and waste, and shifting diets and nutrition. It will also launch the CEO Call for action “Why food needs to be on the table at COP27 and beyond: A CEO Call for Action”, calling for collaborative effort from business and policymakers to deliver interlinked food systems transformation and climate mitigation.
Delivering on climate pledges - What does high-quality corporate action look like?
Hosted by: Salesforce
Moderator: Nicole Schwab, Director for Nature Based Solutions, 1t.org
Corporate pledges for climate and nature and the voluntary carbon market are both critical tools that, when made and used well, can play an important role in corporate climate action, positively supporting our world’s collective journey to a net zero, nature positive future.
To help private sector leaders on this journey, specifically in the fast-emerging space of blue carbon, this session will feature the launch of the High-Quality Blue Carbon Principles and Guidance. Areas for discussion will include trends and guidance in the pursuit of a high quality carbon market and pragmatic best practices towards the achievement of high integrity corporate action at large.
Karen Sack, Executive Director, Ocean Risk and Resilience Action Alliance
Dr. Whitney Johnston, Director Ocean Sustainability, Salesforce
Esther Ngure, Technical Advisor for Mangrove Markets, Blue Ventures
Allister Furey, CEO and Cofounder, Sylvera
Beyond 1.5: The business of adaptation
Hosted by: WBCSD
Climate change is disrupting supply chains, threatening health and affecting the global economy. From most severe floods in Pakistan and Nigeria to scorching heat in India and wildfires in Europe, rising temperatures is causing damage on communities around the world. Unfortunately, these impacts are most felt by the communities living the most vulnerable regions to climate change.
The session will lay out the current operating challenges that business has already experienced as a result of current level of climate change, in a 1.1-degree Celsius world. This will aim to explore some of the business innovations and adaptation measures, including risk management that are already being deployed to cope with a +1.5°C world and help support the communities around us.
coZEV “Roadmap to 2040” - How Cargo Owners will Accelerate Maritime Shipping Decarbonization
Hosted by: The Climate Pledge, Aspen Institute
Moderator: Ingrid Irigoyen, Director, Aspen Institute Shipping Decarbonization Initiative
Through the initiative Cargo Owners for Zero Emission Vessels (coZEV), multinational companies that are major customers of the shipping industry (cargo owners) launched an Ambition Statement in fall 2021 declaring their intent to only use zero-carbon ocean freight by 2040. As a next step, this growing group of leaders will release a coZEV Roadmap to 2040, which details how they will work together and support the wider maritime sector decarbonization efforts to achieve their Paris-aligned 2040 ambition. This cargo owner leadership is essential to move the maritime industry from announcements at COP26 to more concrete action at COP27 and beyond.
Impact on the ground: How can we mobilize value chain action at scale on agriculture for a 1.5-degree pathway?
Hosted by: WBCSD
To achieve global climate commitments, urgent action is needed to halt commodity-driven deforestation. This session will primarily focus on how commodity-producing landscapes can be transformed and how a forest positive sector transformation can be achieved. To showcase how real action can be implemented, this session will launch different actions linked to the production of agricultural products, most notably soy, in key landscapes. Following a multistakeholder approach, private and civil society actors will come together to discuss how they will collaborate to make action happen on the ground, most notably in the soy value chain. The group will also explore which gaps exist to scale up efforts further.
Delivering a Just Transition in Food and Agriculture
Hosted by: Nestlé
Moderator: Saint Tohlang, Head of Corporate Affairs, Nestlé East and South Africa Region
Nestlé has set out an intention to advance regenerative food systems at scale through a just transition. Farmer led regenerative agriculture programs are at the heart of this. But what does a just transition mean specifically in the food and land use sector, and how can it best be delivered in the context of rising food insecurity and inflation? Join Nestlé and leading partner organizations to discuss the challenges of delivering a just transition in food, looking at how companies can work with governments to scale up successful supply chain interventions, such as Nestlé’s income Accelerator Program in cocoa.
• Magdi Batato, Global Head of Operations, Nestlé
• Diane Holdorf, Executive Vice President, Pathways, WBCSD
• Haley St. Dennis, Head of Just Transitions, IHRB
• Richard Klein, Stockholm Environment Initiative
• Daan Wensing, IDH
Peatlands' role in climate change, and business' role in protecting it
Hosted by: Climate Catalyst
Moderator: Emily Hickson, Director, Business & Investor Engagement, Climate Catalyst
What are peatlands? Why are they important to tackling our joint biodiversity and climate crises? Why, despite emitting up to 5% of global GHG emissions every year, do they attract very little attention? What can business do to restore these critical ecosystems, and what business benefits will this have? Join this event to find out.
Julie Mounga, Wetlands International East Africa Director
Michael Alexander, Global Head of Water, Environment, and Agriculture, Diageo
Paul Chatterton, CEO, Landscape Finance Lab
Co-creating Climate Justice Business Strategies
Hosted by: BSR
Moderator: Deb Gallagher, BSR
BSR is sponsoring a closed door, roundtable discussion with leading civil society organizations working on climate justice. We invite businesses who seek to incorporate authentic dialogue with communities who bear the burden of climate change impacts to join. The discussion will follow Chatham House Rules, to foster an open and honest discussion. Audience participation will be encouraged. Leaders from CANSA, ISC, Solidaridad and ACCESS will be present to discuss their work on addressing climate injustices and working across sectors.
Sanjay Vashist, CANSA
Grace Ronoh, John Kioli, ACCESS
Trina Malik, ISC
Edward Mercker, Solidaridad
Jennifer Horning, Solidaridad
Mateo Squire, Unilever
Dinni Lingaraj, Wipro
Danielle Decatur, Microsoft
Kelly Fisher, HSBC
Katie Smith, Nike
Program Launch: Brazil’s Net Zero Platform, turning companies’ commitments into action
Hosted by: BCSD Brazil (CEBDS)
Brazilian companies are rising to the climate challenge, making net-zero commitments and pushing successfully for bolder NDCs. CEBDS’s members, 100+ companies that represent 50% of Brazil’s GDP, perceive commitments as an essential step, but only the first. It’s time for action. Recognizing no company reaches net-zero alone, our members assembled to establish a new program and accelerate implementation, Brazil’s Net Zero Platform. The program will consolidate key-policy asks, expand access to climate solutions and spur collective action. At COP27, with implementation at the agenda’s forefront, we’ll launch our program and aim to decisively boost momentum for climate action countrywide
BCSD Brazil President and C-level representatives from Brazilian Companies.
Quality, not just quantity: Addressing “hidden hunger” on a warming planet
Hosted by: Bayer AG
Often called “hidden hunger,” micronutrient deficiencies are highly prevalent in underserved communities, with women and children being most vulnerable. Deprivation of essential vitamins and minerals may cause poor immunity, birth defects, and other disabilities. This problem is exacerbated by climate change, whose impacts like droughts and floods threaten the production of nutritious food, especially in Africa. While agricultural innovations are already improving the climate resilience of food systems and helping ensure food production in disadvantaged regions, we must look beyond just quantitative availability of calories. Policymakers should also consider increasing access to essential nutrients, as well as providing education about proper nutrition in policies. This panel will discuss how we need to transform our food systems to ensure food security in both quantitative and qualitative terms.
Ed Davey, Policy and International Engagement Director, Food and Land Use Coalition; Co-Director, WRI UK
Helga Flores Trejo, Vice President, Head of International Public Affairs, Bayer AG
Stineke Oenema, UN Nutrition Executive Secretary, FAO
Achim Hupperts, VP sustainability at DSM
Enock Chikava, Interim Director, Agricultural Development, Bill and Melinda Gates Foundation
Rania El Al-Mashat, Minister of International Cooperation, Government of Egypt
Making high-integrity voluntary carbon markets work: what's needed from business, and what does business need?
Hosted by: Voluntary Carbon Markets Integrity Initiative (VCMI)
Moderator: Rachel Kyte, Dean of Fletcher School of Law and Diplomacy and VCMI Co-Chair
Voluntary carbon markets are growing fast, with transactions having surpassed $2bn for the first time in 2021. In parallel, there has been an explosion of efforts to drive end-to-end integrity, trust, and transparency in these markets. With integrity, voluntary carbon markets can deliver real benefits for the climate, people, and nature, and provide much-needed finance flows into low- and middle-income countries. Businesses – on buy and sell sides – are key to making integrity work. In this panel, VCMI is convening corporate and climate leaders to discuss what’s needed from business - and what business needs - to unlock the potential of high-integrity voluntary carbon markets.
Dr. Mahmoud Mohieldin, UN Climate Change High-Level Champion for Egypt and UN Special Envoy on Financing the 2030 Agenda for Sustainable Development
Ousmane Fall Sarr, Coordinator of the West Africa Alliance on Carbon Markets and Climate Finance and Expert Panel member of the IC-VCM
Tariye Gbadegesin, Managing Director & CEO of ARM-Harith Infrastructure Investment and VCMI co-Chair
Sophie Odupoy, Group Head of KOKO Networks
Feike Sijbesma, Honorary Chairman of Royal DSM
María Mendiluce, CEO of We Mean Business
CDP Transition Planning
Hosted by: CDP
Moderator: Nicolette Bartlett, Chief Impact Officer, CDP
The event will bring focus to and share knowledge on climate transition plans, providing a space for companies, financial institutions, and other stakeholders to learn from leaders within this field to facilitate a better understanding of climate transition plan disclosure, development, and implementation. We are aiming to inform stakeholders of the current state of the climate transition plan landscape including how to use and prepare credible climate transition plans. This event will also feature a panel made up expert stakeholders within the field.
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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