The Business of Climate Recovery
Accelerating Accountability, Ambition and Action
Published: November 9, 2022
The World Business Council for Sustainable Development (WBCSD) has engaged its leading member companies to develop a business implementation agenda for COP27 in Sharm El-Sheikh, Egypt.
The Business of Climate Recovery: Accelerating Accountability, Ambition and Action provides an overview of some of the most promising ambition and action platforms for business. It also sets out a menu of specific interventions for accelerating the global decarbonization of business, involving business leadership with closer government collaboration to:
- Sharpen Accountability
- Raise Ambition, and
- Deliver Action at speed and scale
Collectively, these interventions with business can radically advance the international climate change agenda in the next five years. This report hopes to offer a practical response to the COP27 President’s challenge for the climate agenda to move away from launching pledges and toward project implementation at scale.
In this report, leading businesses put forward proposals and policy ideas to raise the ambition level, scale up action in systems transformation and most importantly, move beyond mere commitments and targets to create a holistic corporate climate accountability system that will show the progress business is making against its net zero targets, as well as crystallize the contribution of business in the delivery of Nationally Determined Contributions (NDCs).