What Businesses Need To Know From COP27

In this special edition of Now You KnOW, we share the key insights and announcements from our delegation on the ground at the first week of COP27, where we hosted, attended, and moderated panels, discussions, and events.

Succinct takeaways

"Understand your role in the system and really work as a multiplier, where are you uniquely placed to add value and how can you make a difference?" Lisa Quest, partner, co-head of the public sector and policy practice, Europe.

"Is it about commitments or implementation? It's both and we aren't doing enough of either, really it is about scale." Simon Glynn, partner and co-lead, climate and sustainability.

"When setting net-zero targets it can be difficult to take the first step but it's important to do so; it's a new concept with data gaps but that doesn't mean you can't take the first step and iterate." Jenny Tsim, partner, corporate and institutional banking, Europe.

"We are never going to meet the climate goals unless we tackle nature at the same time." Christopher Johnstone, partner, finance and risk, banking, Europe.

"The financial sector really needs to help finance the climate transition and that's a big number, with plenty to be done, but there are many people working on the challenge." Ilya Khaykin, partner, finance and risk, Americas.

"We are not relying solely on governments to make progress, a number of private sector and civil society organizations have also come here really wanting to keep energy and momentum high." Sayli Chitre, principal, finance and risk and public sector, Europe.

Announcements

New framework for transitioning companies: Nick Studer , our CEO, marked the start of COP27 by announcing how we supported The Sustainable Markets Initiative (SMI) in launching a new framework. This framework will provide an?independent transition assessment to mobilize capital into transitioning companies and accelerate global progress to net zero.

New report on transition plans: During our our Accelerating The Transition event, our two sets of panelists shared a wealth of insight. Linked here are those from James Davis and Lisa Quest .

Our moderator for the second panel, Maxfield Weiss, Executive Director, CDP Europe, shared that our new joint report on transition planning will launch in early 2023.

Regional viewpoints

What are the local impacts from the first week of COP27? Our experts representing different regions share.

Andrew Horncastle , our energy partner covering India, Middle East and Africa

Lisa Quest , our partner covering Europe

Timothy Colyer ,?our partner covering Asia Pacific

We are hiring!

Want to put your expertise into solving the biggest problems in the climate space? We have climate specific open roles among our?500 vacancies ?across industries and disciplines.

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