The COP27 conference on climate change concluded as the world recorded the highest emissions levels on record, and as geopolitical tensions, inflation, and other macroeconomic disruptions exacerbated the challenge of reducing our collective carbon footprint.
So perhaps it’s no surprise that the conference produced mixed results. Nonetheless, business leaders can—and should—forge ahead on key priorities, including:
- Fully incorporating current and potential climate policies and regulations into their strategies and capital allocation plans
- Shift rapidly from ambition-setting to delivery
- Address climate physical risks to prepare for adaptation
- Understand what role carbon credits might play in their net-zero strategies
- Prepare to meet emerging disclosure requirements
- And strengthen the net-zero dialogue with shareholders and lenders, emphasizing timing and affordability.
We remain convinced that although this era of uncertainty presents challenges, it also creates significant opportunities for companies to accelerate decarbonization while reinforcing business performance.