Building on a set of business and policy engagement activities, alongside a broader CISL delegation, the Corporate Leaders Groups (CLGs) attended the COP27 conference in Sharm El Sheikh in November 2022 to deliver the voice and support of business leaders. The CLGs engaged on ensuring higher international ambition, highlighting the need to phase out fossil fuels, step up climate finance, as well as support efforts to establish a funding mechanism for loss and damage, and showcased business commitment to limit the global temperature rise to 1.5C.

Over the two weeks, CLG Europe and CLG UK hosted a series of discussions and high-level events on business and policy leadership issues to draw on best practice and mobilise concrete action to step up short-term climate implementation and achieve net zero. Issues explored included the energy transition, national business climate advocacy and the circular economy. In the preparation and implementation process, we collaborated with the We Mean Business Coalition, key policy makers, various UK, European and international partners as well as member companies of the CLGs.

Despite the historic breakthrough at COP27 on a new fund for loss and damage to support countries most vulnerable to the devastating impacts of climate change, much remains to be done to increase climate ambition and drive action to limit global warming to 1.5C and phase out fossil fuels.

Key Outputs

Events: Corporate Leaders Groups at COP27, Sharm El-Sheikh,
6-18 November 2022

Corporate Leaders Network launch

Materials and Products Taskforce’s new report launched at
COP27 discusses how to advance the EU's climate goals
through a Circular Economy

The CLG Europe-led Materials and Products Taskforce has launched a new policy briefing identifying opportunities and challenges that policymakers can address to ensure that businesses are able to accelerate the transition to a climate neutral and circular economy.

 

CLGs joined business and NGOs to call on governments to agree on a strong language on their commitments to 1.5C and fossil fuel phase- out

COP27: Business and Civil Society is All In for Delivery - We Mean Business Coalition

Letter from We Mean Business Coalition to the COP27 Presidency on fossil fuels phase down - We Mean Business Coalition

 

Media coverage

‘The planet and our economy need strong UK leadership at Cop27’
by Beverly Cornaby

Day 5 at COP27. Allegra Stratton with Beverley Cornaby, Brennan Spellacy and Jennifer Holmgren

COP27 - What do companies need from COP? Interview with Ursula Woodburn from the Corporate Leaders Group

‘Cop27 leaders – hold your nerve and reinforce the need for urgent action’ by Beverly Cornaby 

G20 reaffirms commitment to Paris Agreement's 1.5C temperature goal

Cambridge delegates report ‘small gains’ at COP27 with 1.5° target ‘on life support’

 

CISL’s COP27 Presence

Members of CISL’s staff and Faculty have been fortunate to attend the Conference of the Parties to the Convention over the past few years. By attending the summits, CISL leverages its expertise and experience in convening multiple stakeholders from across business, policy and finance in order to drive climate ambition and action.

Please see CISL’s five point plan for COP27 here

Please see CISL and CLGs’ response to COP27 outcomes here