It is clear that this is the time for sustainable change, as coordinated action becoming more important than ever.
The Conference of the Parties (COP) under the United Nations Framework Convention on Climate Change (UNFCCC) continues to bring together public and private sector stakeholders as well as non-governmental and civil society organisations from all over the world to discuss the most pressing issues around climate change and transition to sustainable global economy.
Building on the progress achieved through global agreements such as the Paris Agreement and subsequent COP outcomes, discussions have increasingly shifted towards implementation and accountability. A key development in recent years has been the recognition of the role played by both public and private finance in transition towards a climate-resilient economy. For the financial services 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.
Across recent COP discussions, four consistent priorities have emerged - mitigation, adaptation, climate finance and collaboration. The focus has progressively shifted from commitments to implementation, with greater emphasis on accelerating sustainable transformation and delivering measurable outcomes. This includes strengthening mechanisms to mobilise climate finance, while broadening the perspective from managing climate-related risks to capturing emerging opportunities for businesses and financial institutions.
Our experts across our global network provide insights to help you navigate the evolving outcomes of COP discussions, enabling you to stay informed and proactive in addressing the challenges and opportunities arising from climate change.
At Forvis 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.
If we want to improve adaptation measures, we must change the narrative and start viewing COP as an opportunity. While it can be frustrating, it’s not just about speed of outcomes. When people convene for a set purpose to vocalise issues from a local and global perspective, it can be very productive in raising awareness and putting different points of view out there. Robust discussions are needed...
Loss and damage caused by extreme weather events such as drought, rising sea levels and the recent devastating floods in Pakistan hit the headlines at the opening of COP27. While financial pledges and initiatives to help with loss and damage have been evolving for years, consensus and formal agreements on feasible action plans still need to be improved.
Watch the "The Road to COP27" series by Mazars in Turkey to learn more about the new generation's stance on the climate crisis.
'Let’s talk sustainability' is the Mazars podcast series that explores the evolving sustainability landscape for business.
At this year's COP27, mitigation, adaptation and the issue of loss and damage are high on the agenda. We speak to Vikas Aggarwal, Regional Head of Public Affairs for ACCA across Europe, Eurasia, Middle East and the Americas, and discuss key challenges facing this global issue.
Video - Leaving COP27 behind, the business world is focusing on ESG matters that have become a 21st-century issue. How the UK firms are dealing with the business opportunity that ESG matters presents? What kind of requirements will new reporting standards bring to UK companies?
Video - How are the German firms dealing with the business opportunity that ESG matters presents? What kind of requirements will new reporting standards bring to German companies? What are the challenges for transition towards a low carbon economy in Germany?
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With societal expectations increasingly permeating corporate governance, companies need to evolve their business models to embrace lasting value creation that benefits not only the shareholders, but also internal and external stakeholders as well as wider society.
Corporate sustainability reporting is now a strategically important space that impacts corporate valuations, supply chains, and business models. However, a lack of convergence of regulatory frameworks in Europe and Asia is hampering transparency, reporting quality, comparability, and investment and trade objectives. In our latest sustainability report, we aim to provide a better understanding of the...
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