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 were 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.
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:
Nine years on from the Paris Climate Agreement at COP21 (which tried to limit global heating to 1.5C), COP 29 takes place in the hottest recorded year, when that safety limit has already been breached. COP29 runs between 11 - 24 November in Baku, Azerbaijan.
The following article featured on the Business Plus Magazine website, Bizplus.ie on 13 October 2024. Author Johnny Meehan, Head of Sustainability Consulting, traces what has brought us to the current standpoint for business and environmental obligations and where we go from here.
The Corporate Sustainability Due Diligence Directive (CSDDD) obliges large companies to identify, mitigate and, where necessary, remedy human rights and environmental impacts in their operations and ‘chain of activities'.
Sustainability and ESG must be at the heart of every organisation's business model
Transforming organisations by aligning people, processes and technology
Transparency builds trust with stakeholders and balanced reporting is required to demonstrate authenticity
Businesses can no longer afford to ignore environmental, social, and governance considerations
The onset of mandatory non-financial reporting has placed more emphasis on assurance to provide greater confidence in the credibility of organisation’s reporting.
Solutions for embedding sustainability into your business practices
Solutions for embedding sustainability into your strategic business plans
A sound culture reflecting organisational strategy and values is a key driver for both financial and operational success and, influences ethical behaviour. It drives innovation, attracts talent, and protects the brand.
To be effective, your ESG strategy must be fully integrated into your business model
TCFD has become the baseline framework for reporting on climate-related reporting and disclosures.
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