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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.

Read the We Mean Business Coalition Statement on COP27 outcomes here.

ALL IN...

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.  

See how business is delivering, and how to accelerate action.

We know what needs to be done across sectors by 2030, including: 

Political progress

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. 
  • Finance

    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

Events

Browse our COP27 Business Pavilion events, hosted in collaboration with We Mean Business Coalition sponsors and supporting partners.

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Built environment

onepoint5 COP27 Reception

Hosted by: onepoint5

Former Executive Secretary of the UNFCCC, Patricia Espinosa Cantellano, will be announcing the launch of onepoint5, an ESG consultancy company focused on climate change. Built on integrity, expertise, passion and commitment, together with access to a global network of key actors onepoint5 aims to guide and empower clients across private and public sectors to accelerate their transition to a sustainable future; bridging the gap between the vision we hold for a better world, and reality. Ambassador Espinosa will be raising her glass with joy while she steps in a new venture in her fight against climate change. The onepoint5 team pledges to support clients every step of the way with advice, policies, strategies and actions that are tailored to their unique needs. onepoint5 is looking forward to meeting you during this reception. Invitation only.

Speakers:

Show full event details

Tuesday, 8 Nov
19:30 EET

Working Together to reach a Net Zero CO2 Construction Value Chain

Hosted by: CEMEX

A high-level panel of experts will discuss key levers and innovation strategies for accelerating the decarbonization of the construction value chain.

Speakers:

• Fernando A. González, CEO, CEMEX
• Diane Hoskins, Co-CEO, Gensler

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Thursday, 10 Nov
10:00 EET to 11:00 EET
Auditorium A

Paris-compatible sector benchmarks to help in defining national and corporate climate action

Hosted by: NewClimate Institute

The event presents and discusses the results of multiple years of work to develop and update Paris-compatible sectoral benchmarks. Sectoral benchmarks break down the mitigation objectives under the Paris Agreement to the sectoral level and hence make them more accessible to a broader audience. Those benchmarks aim at helping decision makers to assess if recent developments and future targets of countries, as well as non-state and subnational actors, are compatible with the Paris Agreement’s long-term temperature limit. Beyond providing the benchmark, they also enlighten on the road to achieve Paris compatibility by highlighting policies and other underlying drivers needed.

Speakers:

Silke Mooldijk (NewClimate Institute), Claire Fyson (Climate Analytics)

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Monday, 14 Nov
14:30 EET to 15:30 EET
Auditorium A

Technologies for Climate Action in the Built Environment

Hosted by: Centre for Climate Repair at Cambridge, World Green Building Council & UK Green Building Council

Moderator: Ashleigh Arton, UNFCCC High Level Climate Change Champion

How can the public and private sector unlock the potential of latest innovations in the built environment? Drawing on Arup’s “Reduce, Restore, Remove” report, there is a global business opportunity to reduce emissions, restore nature and remove greenhouse gases through products, tools, design and construction. This event brings together leaders from industry and academia to explore technologies that meet climate goals and consider how to deploy and develop them, whilst meeting socio-economic needs.

Speakers:

● Damane Hlalele (Arup)
● Shaun Fitzgerald (Centre for Climate Repair at Cambridge)
● Catriona Brady (World Green Building Council)
● Sunand Prasad (UK Green Building Council)

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Thursday, 17 Nov
11:30 EET to 12:30 EET
Auditorium A

Insights

News and insights from the Coalition at COP27.

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COP26 Pavilion

Learn more about the previous year's pavilion and its events.

COP26 Pavilion
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