PwC at COP29: every climate action counts
From 11 - 21 November, the COP29 climate conference took place in Baku, Azerbaijan. Government leaders, ministers, negotiators, and the business community came together to discuss climate change and the necessary actions. A PwC delegation was also present at COP29 to share our knowledge on topics such as financing climate goals, accelerating towards net zero, and the broader energy transition. In doing so, we contribute to meaningful actions that promote solutions to the climate problem.
Interested to know more? This page offers you key take aways, insights, relevant podcasts and webcasts about climate and the business community. Together, we make a world of difference.
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Climate and Sustainability
Key take aways COP29
The COP29 summit has concluded and despite challenges and divisions, the outcomes of COP29 will shape future climate action. The key takeaways, and their implications for organisations, include:
- Climate finance: Developed countries have pledged to channel at least $300 billion annually to developing countries by 2035. This will provide financing opportunities for companies active in sustainable development and clean energy projects. Companies that align their activities with these financing streams will be well positioned to benefit from new investments and partnerships.
- Public & private financing: Public financing saw increased commitments, a new collective quantified goal and a focus on equity. In the private sector, there is a call for increased participation, a consensus on carbon markets and encouragement for international development banks to play a larger role in financing climate projects.
- Focus on collaboration: COP29 emphasised the importance of collaboration between countries. Companies can enhance their reputation and contribute to climate goals by building strong, transparent relationships with local stakeholders. Participating in collaborative efforts will help companies navigate regulatory complexity and achieve positive outcomes.
- Resilient climate strategies: The need for resilient climate strategies was reiterated. Companies that integrate sustainability into their core business will be able to navigate regulatory change and maintain a competitive edge. Proactively embracing sustainability will reduce risks and create new opportunities for innovation.
- Increased activism: Growing consumer expectations reflected companies’ commitment to sustainability. Companies that actively participate in climate initiatives and report transparently on their progress can improve their brand reputation and customer loyalty. Embracing sustainability is not only a moral imperative, but also a strategic choice in today’s market.
‘The shift from risk mitigation to seizing opportunities as the main driver for responsible investment shows that the climate mindset is entering a stage of maturity.’
Joukje JanssenSustainability Partner at PwC Netherlands
Podcasts: Take on tomorrow
How can we go further, faster, in the fight against climate change?
Hosts Lizzie O'Leary and Ayesha Hazarika are joined by Christiana Figueres, chief negotiator of the 2015 Paris Agreement, and Emma Cox, PwC’s Global Climate Leader, to discuss the role of leadership in accelerating the shift from understanding to action, the impact of emerging technologies, and the advantages for businesses that integrate climate mitigation and adaptation into their strategies.
What are the opportunities when business takes climate action?
Host Lizzie O’Leary talks with Helen Clarkson, CEO of Climate Group, and Renate de Lange, PwC’s Global Sustainability Markets Leader, to hear how—despite the risks climate change presents—there’s still a huge opportunity to build greener, more successful, and more sustainable businesses that can thrive through the decades ahead.
COP29 | View back webcast
View back the following COP29 webcast by Resilience Hub and PwC on: Resilience Hub Youtube channel.
Implementing NDC 3.0:
Actionable collaboration for a sustainable future in competitive economies.
PwC's Agnieszka Gajewska moderates the panel discussion on how governments can develop holistic NDC (Nationally Determined Contributions) plans through effective strategies and collaborate with business to drive sustainable goals whilst also powering economic growth. NDCs are at the hart of the Paris Agreement and embody efforts by each country to reduce national CO2-emissions and adapt to the impacts of climate change.
Watch more livestreams during COP29 on: Resilience Hub livestream
Sustainability VR Experience
With the Sustainability VR Experience, you step into a different world. You embark on a journey that evokes emotions and makes you think about the major challenges that the world and the business community face.
In this 360° environment, you learn how sustainability is interconnected with everything we do, and how it can contribute to long-term value creation for your company. Participants also experience what their own role can be in this.
The Experience consists of a Virtual Reality film, an individual game, and two modules that focus on sustainability regulation and biodiversity.
What does climate action mean for your organisation?
COP29 topics have impact. We are happy to discuss topics further.
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