UN Global Compact Russia

Leading CEOs call for Greater Climate Action at COP27

Sharm El Sheikh, Egypt

The UN Global Compact brought together representatives from the United Nations, governments and the private sector at COP27 in Sharm El Sheikh to galvanize the private sector and industry to better assess environmental risks and opportunities, set and deliver ambitious climate targets and adopt responsible practices for the transition to a net-zero and resilient world.

According to Edelman’s second annual Trust Barometer Special Report: Trust and Climate Change, a global survey of 14,000 people in 14 countries, there are fears that as the climate crisis worsens business is not trusted to do what is necessary to respond. 

Sanda Ojiambo, Assistant Secretary-General and CEO, UN Global Compact, speaking during the global climate conference emphasized the importance of private sector action to tackle the climate crisis:

“We have less than 10 years left to shift the world onto a 1.5C trajectory, reduce global inequalities and achieve the substance of the SDG Agenda. Our changing climate means, more than ever, that we are running out of time. It really is now or never for the private sector to turn their bold commitments into tangible solutions to protect our planet and our collective future. The UN Global Compact looks forward to continuing our work with businesses all over the world to accelerate our transition to net-zero.”

HIGH-LEVEL MEETING OF CARING FOR CLIMATE

10 November 2022 The UN Global Compact, together with the UN Environment Programme (UNEP), and the UN Climate Change (UNFCCC), brought together senior executives of business, industry, finance, civil society, the United Nations and Government at the High-Level Meeting of Caring for Climate. Those present discussed how to bring forward a strong business message of climate ambition and discussed tangible solutions that lead to sustainable economic growth to realize the goals of the Paris Agreement.