We Mean Business Coalition’s Post

While global leaders convene to tackle the climate crisis at #COP29, recent developments in the EU raise concerns about the future of #sustainability legislation. Proposed rollbacks on key regulations like the #CSRD and #CSDDD threaten progress toward corporate accountability and sustainable business practices. Across the #BCorp movement, we’ve seen how transparency and accountability can transform businesses into forces for good, balancing the needs of people, planet, and profit. But businesses can’t do it alone. Robust policy frameworks are essential to align economic growth with the needs of society and the planet. Now is the time for courage. We urge the governments of Europe, and all global leaders gathering at #COP29, to seize this moment to create an economy that is truly for the benefit of people, businesses and our common nature and habitat. 🔗 Dive into our latest blog post, where Carlota de Paula Coelho, Head of Policy, Katie (Katharine) Hill, Co-Chair, and Wojciech Baginski, LL.M. MBA, Board Member of B Lab explain why sustainability policy is essential for a thriving future—and what’s at stake if we don’t act: https://lnkd.in/eQ-Cwvp7

Did #COP29’s finance deal deserve the standing ovation it received? Like many, I’m on the fence. But what I do know is that there was lots to learn from the ‘Finance COP’. Read our thoughts on the key takeaways for business👇🏻

#COP29 may have been divisive, but it highlighted a clear opportunity: businesses must step up in the climate fight. Here’s how: ✅ Simplify sustainability: Clear, actionable messaging empowers audiences. ✅ Collaborate for impact: Public-private partnerships drive real change. ✅ Turn ESG into advantage: Go beyond compliance, demonstrate business value from sustainability. Dive deeper into the key takeaways in our blog for insights on how your business can navigate the post-COP29 landscape: https://lnkd.in/e4vv8bW7

🌍 COP29 & Article 6.4: A New Era for Carbon Markets The operationalization of Article 6.4 under the Paris Agreement is transforming the global carbon market landscape, offering standardized frameworks that ensure transparency, integrity, and collaboration across borders. For businesses, this presents both opportunities and challenges—but the right tools can make all the difference. At Coral, we’re empowering companies to: ✔ Navigate Compliance: Seamlessly align with Article 6.4 standards. ✔ Streamline Reporting: Gain clarity with robust emissions tracking and decarbonization tools. ✔ Leverage Carbon Credits: Strategically integrate high-quality offsets into sustainability plans. As this new framework takes shape, companies that act early can make real progress in transparency, stakeholder trust, and market leadership. 💡 Ready to see how Coral can help you make the most of these opportunities? Read more in our latest article #CarbonMarkets #COP29 #Sustainability #Coral #ClimateAction #SustainabilityManagement

Perspectives on climate finance will vary, but this is a great read to understand why constructive ambiguity has not worked out well. Useful insights from IMAL on the NCQG going forward.

📢 NEW REPORT 📢 #COP29 in November 2024 will mark a crucial milestone in the history of the international climate regime, as the deadline to agree the new global climate finance goal (#NCQG) to replace the #100bn per year #climatefinance goal put forward in Copenhagen in 2009. In this context, the Imal Initiative for Climate and Development is pleased to share its timely new report: "Rebuilding Confidence and Trust after the $100 billion: Recommendations for the New Collective Quantified Goal (NCQG)", published in partnership with the independent Finance Working Group based at leading development think-tank ODI. You can download the full report here 👇 https://lnkd.in/eq5Bw-pD This report explores the $100bn experience and identifies various areas of "constructive ambiguity" in the negotiations which came to be "toxic ambiguities" during delivery, as interpretations diverged. Such issues have undermined confidence that the #ParisAgreement will be delivered — and also been corrosive for developing country #trust in developed countries. The report offers a set of recommendations for designing an #NCQG to help rebuild trust and confidence among countries: 1️⃣ A needs-based approach to setting the #Quantum: ‘Taking into account the needs and priorities of developing countries’; 2️⃣ A constituent structure of thematic subgoals: #Mitigation, #Adaptation, and #LossandDamage; 3️⃣ A structure with a core provision goal: Within the mobilization goal (to include private investment mobilized), differentiating a #publicfinance provision element; 4️⃣ Operationalizable definition(s) for #additionality: COP29 can offer a mandate to develop consensus on such definitions post-2024, to clarify what is actually additional finance under the NCQG; 5️⃣ Consensus on #effortsharing arrangements among developed countries: A post-COP29 process to develop, at minimum, indicative guidance on individual country contribution responsibilities, for accountability. The window has not yet closed to apply the important lessons of the $100bn, and the stakes could not be higher for the future of the world and especially for poorer countries. As the saying goes, those who cannot remember the past will be condemned to repeat it. #Baku #UNFCCC #climate #finance #justice #PayUp

"It remains to be seen if COP30 will achieve what G20 leaders have said it should." COP29 concluded in late November with uneasy agreement on the controversial Baku Finance Goal pledging $300 billion in climate funding to developing countries, writes Susan Rossney, Sustainability Advocacy Manager at Chartered Accountants Ireland. Read the full article on the Accountancy Ireland website: https://brnw.ch/21wPrCM #COP29 #Sustainability #BakuFinanceGoal

Much of our recent work at BCG's Center for Sustainability Policy & Regulation has been focused on the 'net cost of inaction' and the promise of 'green growth'. I am pleased to see these complementary themes reflected in the open letter to government leaders from the Alliance of CEO Climate Leaders ahead of COP29. The letter recognises that "every fraction of a degree counts" whilst making a strong case for green growth. Members of the Alliance have reduced their own emissions by 10% in 3 years (ahead of the EU, US, India and China) whilst achieving strong business performance. Boston Consulting Group (BCG) is proud to be a signatory to the Letter, which calls on governments to: 🎯 Develop more ambitious, credible, and investable NDCs 💰 Scale up climate finance and de-risk private capital flows 🚧 Remove transition obstacles to deliver on COP28 pledges 🚀 Support breakthrough technologies to reach commercial scale Read the full letter here: https://lnkd.in/e3SbHNyV #COP29 #BCG #AllianceofCEOClimateLeaders #ClimateAction Ester Baiget, Jesper Brodin, Rich Lesser, Sumant Sinha, Feike Sybesma, gim huay neo, Pedro G Gomez Pensado, Pim Valdre, Dr. Patrick Herhold, Cornelius Pieper, Nicolas Salomon

I couldn’t agree more Joseph Ucuzoglu. Even though #EarthMonth2024 is behind us, the importance of what it represents should always be at the forefront of our thoughts and actions. Enjoyed sharing a few key reflections following the outcomes of #COP28 with my colleague and Global Sustainability Leader Jennifer Steinmann. Speed and scale are critical success factors to address the #energytransition.

As the Road to COP30 starts next week with #COP29, our delegation will be representing signatories and recommending to policy makers that they: 1️⃣ Develop a whole-of-government approach to the transition to a resilient, net zero economy. The next generation of Nationally Determined Contributions must be ambitious, credible platforms for investment 💰 2️⃣ Pursue foundational financial policy reforms, enabling financial flows to align with a pathway towards 1.5°C 🌍 3️⃣ Implement ambitious, urgent, just and equitable policy reforms that align economic activity with net-zero across all sectors of the economy 🏗 4️⃣ Reform the global financial architecture to enable the transition across the global economy and accelerate capital mobilisation to emerging markets and developing economies 📈 For more information on our roadmap and presence at COP, visit: https://lnkd.in/eNeBYCU5 #responsibleinvestment #COP30 #netzero #justtransition