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.
17 resultsClear all filters
What action is needed across systems by 2030 to limit global warming to 1.5 degrees C?
Hosted by: Systems Change Lab: World Resources Institute and Bezos Earth Fund
Delivering climate action by 2030 to limit warming to 1.5 degrees C will require rapid transformations across our major systems – energy, industry, food, forest and land, finance and more. To what extent are we on track? Where is change accelerating or lagging? What trends are revealed across these interconnected systems? How can we bolster the enabling conditions needed to scale transformation and navigate barriers? Join Systems Change Lab at COP27 as we unveil our new open-source data platform and discuss the latest findings from the State of Climate Action 2022.
• Ahmed Saeed, Vice President, Asian Development Bank
• Andrew Steer, President and CEO, Bezos Earth Fund
• Ani Dasgupta, President and CEO, World Resources Institute
• Bill Hare, CEO, Climate Analytics
• Helen Mountford, President and CEO, ClimateWorks Foundation
• Jen Austin, Director of Strategy and Policy, UN Climate Change High-Level Champions
• Kelly Levin, Chief of Data, Science, and Systems Change, Bezos Earth Fund
• Rachel Jetel, Co-Director, Systems Change Lab, World Resources Institute
• Sophie Boehm, Research Associate II, Systems Change Lab, World Resources Institute
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.
• Fernando A. González, CEO, CEMEX
• Diane Hoskins, Co-CEO, Gensler
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.
Women get on board - sustainable and inclusive transport!
Hosted by: International Union of Railways - UIC
A moderated discussion between female leaders in the rail and mobility industries on the important role of women in transforming and decarbonising transport, working towards a more gender balanced workforce and ensuring a just transition and to better meet the needs of all passengers. Panelists will discuss particular local challenges and speak about how the required transformation can be accelerated through increased global collaboration, putting forward the key benefits of policies that promote the use of public transport and rail as a way of achieving climate goals, and boosting accessibility and inclusion. The discussion will put forward the key benefits of policies that promote the use of public transport and rail as a way of achieving climate goals, and boosting accessibility and inclusion.
Joint statement between green hydrogen and shipping actors: Activating progress towards 1.5C.
Hosted by: Climate Champions Team; UN Foundation; University College London
Moderator: Susan Ruffo, UN Foundation
Over 80% of goods are moved by ship, producing approximately 3% of global GHG emissions. This will grow rapidly without major interventions. A leading path to decarbonizing shipping is transitioning to green hydrogen and derived fuels, produced with renewable energy. But will there be enough green hydrogen? The answer is a resounding yes. And with the right support, shipping could be a powerful first mover market for fuels of the future. We will launch a joint statement between green hydrogen and shipping actors committing to help activate this green hydrogen/hydrogen fuels supply and demand cycle needed to mutually catalyze progress towards 1.5°C alignment. We will also hear what is needed to make that happen from green hydrogen producers, shipping companies, governments, financers, and companies that move products by sea.
How can companies step up their ambition to contribute to an inclusive just transition?
Hosted by: World Benchmarking Alliance
Moderator: Vicky Sins, Decarbonization and Energy Transformation Lead, World Benchmarking Alliance
This session will present WBA and the Council for Inclusive Capitalism’s just transition insights and bring together voices from the private sector from across various regions; from specialists in human rights and company performance; and from the investor perspective on just transition.
Siti Rafidah Moslim, Corporate Responsibility Head, Petronas (Malaysisa)
Meredith Sumpter, CEO, Council for Inclusive Capitalism
Nils Askaer, Head of Policy, Orsted
Chelsea Hodgkins, Climate, Energy and Gender Justice Policy Advisor, Oxfam Americas
John Lindberg, Public Affairs, ICCM
How can international initiatives solve the main bottlenecks of MHDV electrification?
Hosted by: Smart Freight Centre
There are several bottlenecks when it comes to the electrification of medium- and heavy-duty vehicles (MHDV), as well as several international initiatives which are working on solving those bottlenecks. However, it is not easy to understand who is doing what and how these initiatives are working together to speed up the electrification of MHDVs. This event is part of a series of events taking place at COP27 to highlight ambition and action on the road to zero-emission transport.
Christoph Wolff, CEO, Smart Freight Centre
Andrea Debbane, Head of Global Sustainability, K+N
Andreas Foller, Head of Sustainability, Scania
Karim Mousa, Senior Vice President Electric mobility business in the Middle East, Siemens
Francisco Laverón Simavilla, Head of Energy Policy, Iberdrola
Rik Arends, SFBA Director, Smart Freight Centre, representing the Sustainable Freight Buyers Alliance, GLEC and Clean Cargo
Helen Clarkson, CEO, Climate Group, representing EV100+ initiative
Cristiano Facanha, Global Director, CALSTART, representing Global MoU, Drive Electric Campaign and other CALSTART initiatives
Angie Farrag-Thibault, COP27 Climate Champion and Sustainable Freight Portfolio Lead, WEF, representing the First Movers Coalition and the Road Freight Zero initiative
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.
Silke Mooldijk (NewClimate Institute), Claire Fyson (Climate Analytics)
E-Mobility for All
Hosted by: RMI
The global e-mobility transition is underway. New technologies and service models are driving the adoption of EVs at an accelerated rate around the world. In Africa, EVs tied to renewable mini-grids are multiplying. In the Caribbean, e-buses are delivering cleaner public transport at lower costs. The Shoonya campaign has super charged the adoption of EVs for ride-hailing and urban delivery in India. Our global panel of experts will explain how prioritising modes of transport that move most of humanity is one of the most tangible solutions to scale e-mobility globally to achieve our collective climate goals.
2030 Milestones Launch: Real-Economy, Industry-Backed Targets to Decarbonise Hard-to-Abate Sectors (and how to measure them)
Hosted by: Mission Possible Partnership
The Mission Possible Partnership will launch its 2030 Milestones for action in this decade to decarbonise heavy industry, and details of MPP's partnership with the Science-based Targets Initiative (SBTi) to simplify guidance and reporting for companies. Join our high-level panel to discuss the nuts-and-bolts of operational planning for net zero, as MPP releases detailed pathways for hard-to-abate industries that jointly contribute 30% of global greenhouse gas emissions. An alliance of climate leaders working in high-emitting sectors, will release real-economy milestones to guide practical action in this decade, MPP's sector transition strategies are endorsed by more than 200 industrial companies. This session will also explore how companies measure and report progress, building on MPP's partnership with the Science-based Targets initiative SBTi. The 2030 Milestones build on two years of analysis to map detailed pathways for action in this decade to achieve net zero by 2050, aligned to sectoral carbon budgets within a 1.5 degrees pathway. The panel will address bottlenecks in finance, policy and procurement - taking a hands-on, operationally relevant approach to these hydra-headed challenges. Guided by leading figures from industry and the energy transition, participants will roll up their sleeves for a deep-dive into the practical steps for decarbonising industries including aluminium, aviation, chemicals, concrete, shipping, steel and trucking.
Delivering on Transport Decarbonization: Companies, Cities, Regions and Countries Working Together
Hosted by: We Mean Business Coalition, SLOCAT, TDA & ITF
This event, a partnership between the MPGCA Transport Leads and We Mean Business Coalition, will highlight the progress made to date on zero emissions heavy duty vehicles (ZE-MHDVs) and the business action and policies needed to accelerate the decarbonization of on-road freight with deep dives on:
1) Zero Emission Urban Freight: highlight policies that drive decarbonization in urban freight: ZEZs and MDHD zero-emission trucks. Identify key steps for action and hurdles for countries, cities, regions and companies in implementing these policies
2) MHDV Charging: explore the financing needed to scale up charging infrastructure and the balance between private and public investment
3) Circularity: raise awareness of the importance of material availability and resilient supply chains and bridge the gap between private sector and policymakers
Fueling Sustainable Flight
Hosted by: World Economic Forum - Clean Skies for Tomorrow
Discussion on how to accelerate the uptake of Sustainable Aviation Fuels
Climate Ambition Takes Flight: Companies and Airlines at the Forefront of Sustainable Aviation Fuel (SAF)
Hosted by: Sustainable Aviation Buyers Alliance (SABA)
Moderator: Kim Carnahan, Senior Director of Net Zero Fuels, Engie Impact
Tackling the climate impact of flying is a major challenge for companies depending on business travel and air transport. High-integrity sustainable aviation fuel (SAF) is a solution that could drastically reduce emissions from flying. The Sustainable Aviation Buyers Alliance (SABA), led by Environmental Defense Fund, RMI, and Engie Impact together with leading corporations and top airlines, aims to accelerate the aviation sector’s transition to net zero by leveraging SAF in corporate and airline climate strategies.
A panel of speakers from top corporations and airlines in SABA will discuss their work to send a strong demand signal in support of high-integrity SAF, navigate the nascent SAF market, and establish credible tracking systems being created to transparently account for emissions reductions.
● Istvan Bart, Environmental Defense Fund
● Laura Hutchinson, RMI
Aligning Clean Air and Climate Actions
Hosted by: Confederation of Indian Industry
Moderator: Ms Seema Arora, Deputy Director General, Confederation of Indian Industry
Air pollution is the biggest environmental health challenge facing the planet today. Majority of heavily polluted cities of the world are concentrated in global south, while the infrastructure to monitor and manage air quality remains heavily limited in these countries. This session is focused on aligning clean air and climate actions which are highly complementary and is desirable. Experts and business leaders on the panel will discuss and explore these changes while deliberating complementarities between clean air and climate actions.
● Smt. Leena Nandan, Secretary, Ministry of Environment Forest and Climate Change, Government of India
● Dr Pawan Singh, Founding Member, India CEO Forum for Clean Air; MD & CEO, PTC India Financial Services
● Mr P. S Jayaraman, Chairman, TCI Sanmar Chemicals SAE
● Ms Jane Burston, Executive Director, Clean Air Fund
● Ms Priya Shankar, India Director, Environment and Climate Programme, Bloomberg Philanthropies
Revamping business value chain for global carbon neutrality and freight decarbonization
Hosted by: IDDRI - Institute for Sustainable Development and International Relations
Many businesses and states are pushing to reach zero emission freight, including reaching zero emission shipping by 2050 to align with 1.5°C and global carbon neutrality. This will require systemic changes, such as supply chain reorganization, but current strategies for decarbonisation only include vehicle and fuel transitions. A new organisation paradigm towards more local and circular ecosystems associated to more regional trades is already starting and could be reinforced in the next decades. The objective of this event is to present the related policy agenda and discuss it with key invitees from the business sector.
Public Transport Electrification: Scaling Finance for global Transport Decarbonization
Hosted by: WBCSD
Moderator: Diane Holdorf & Thomas Deloison
Electrification of road public transit in cities represents a material opportunity to abate transport emissions, along with others like freight, and can improve air quality, reduce noise, and initiate electrification of the transport sector while supporting the energy sector transition in emerging and developing economies. Making the transition of these fleets attractive for institutional investors and sovereign funds, to transform pilots into large-scale transformative projects calls for a new collaborative framework that will help aggregate and change the risk profile of these investments. This session will showcase examples of such practices, and mobilize governments and private sector stakeholders to collaborate on a scaling framework for accelerating deacrbonization of transport.
● Baroness Vere of Norbiton, Parliamentary Under Secretary of State for Transport, UK
● Mahua Acharya, MD & CEO, CESL
● Uday Kemhka, Vice-Chairman, SUN Group
● Rob de Jong, Head of Mobility Unit, UNEP
● Andreas Kammel, Vice-President, Alternative powerztrain
● Nicolas Peletier, Director for Transport, World Bank
● Jens Giersdorf, TUMI Management Head
Zero-emission trucks are here! Financing the transition
Hosted by: CALSTART / Drive to Zero
This side event will share the views of leading public and private actors in this transition, while highlighting the opportunities to overcome this finance gap to accelerate the transition to ZE trucks, building on the existing readiness and commitments and the momentum the Global MoU for ZE-MHDV has provided.
Trucks represent a disproportionate share of emissions despite being a relatively small share of on-road fleets. Furthermore zero-emission (ZE) technology for trucks is ready for most applications with total cost of ownership parity with diesel being within reach between 2024 and early 2030s.
Financing the upfront cost and the charging infrastructure are now considered to be a main challenge to a swift transition to ZE trucks. Governments, (institutional) investors and business jointly can bolster the market. Clarity on ambition, achieving scale and impact and de-risking are key components of the needed joint efforts. This event is part of a series of events taking place at COP27 to highlight ambition and action on the road to zero-emission transport.
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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