The Conference of Parties of the UNFCCC (COP27) took place in Sharm El-Sheikh, Egypt, on 6-18 November 2022, and brought together public and private sector stakeholders as well as non-governmental and civil society actors from all over the world to discuss the most pressing issues around climate change and transition to sustainable global economy.
Building upon the progress achieved with the signature of the Glasgow Climate Pact and the Paris agreement, the Sharm El-Sheikh Climate Change Conference followed the roadmap laid out during COP26. One of the key takeaways of COP26 was the recognition of the role of both public and private finance in transition towards a climate-resilient economy. In turn, for the finance sector, the commitment to sustainability implies a greater emphasis on transparency and disclosure.
One thing is certain - the only way for businesses and financial services firms to contribute to a better future is through implementing change and switching to ESG-conscious, more responsible operating models.
COP27 was dedicated to four major themes - mitigation, adaptation, finance and collaboration – and notably focused on shifting from pledging to accelerating and upscaling sustainable transformation. Among the main goals of the conference was the elaboration of a new strategy for mobilising and delivering climate finance in view of the current financial crises, as well as integration of the notion of climate benefits – and not just risks – into the consideration of companies and financial institutions.
Our experts around the world are here to guide you through the outcomes of COP27, enabling you to remain informed and proactive in your response to the global threat of climate change. Below are a growing range of insights across the themes of COP, with further content added during and following the conference to support your journey to a sustainable future.
Read our COP27 uncovered report to which outlines the key themes and outcomes of the 2022 conference. Download the report below.
At Mazars, Sustainability and ESG remain among our top priorities and at the core of our corporate identity. We believe in leveraging our multidisciplinary expertise, knowledge and innovative tools to support our clients in their transformation and evolution towards greener business models. Our Sustainability and ESG services include:
One of the key features of COP26 was recognition that the scale and speed of the changes needed to transition to a more sustainable economy require all forms of finance. Public finance to develop infrastructure to transition to a greener and more climate-resilient economy, and private finance to fund technology, innovation, research, and sustainable business models.
Watch the "The Road to COP27" series by Mazars in Turkey to learn more about the new generation's stance on the climate crisis.
Parallel to this year’s UN Climate Change Conference (COP27) in Egypt, Mazars contributed in a two-day conference on "Legal and Economic Aspects of Sustainable Development". On invitation from Ain Shams Law School Cairo, one of the oldest institutes in Egypt, Dr. Oliver Fawzy from our German Forensics Team took the opportunity to discuss the topic of corporate liability for environmental crimes –...
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