WBCSD Business Brief on the Corporate Accountability Agenda at COP27

Out of the hundreds of reports that dropped at the Climate COP27 in Sharm el-Sheikh there are two that business should be most aware of: • “Integrity Matters”: The High-Level Expert Group (HLEG) Report on the Net Zero Emissions Commitments of Non-State Entities • The Business for Climate Recovery: Accelerating Accountability, Ambition and Action, released by WBCSD The HLEG report was commissioned. [...] Make all aspects of pledges, accountable net-zero pledges.” UN SG Antonio pathways and methodologies public, Guterres at the launch of the Integrity Report.” and have them audited by a 3rd party, The HLEG Report is officially welcomed by the Parties so as to address any criticism of in the final outcome text of COP27 (paragraph 92). [...] BUSINESS BRIEF 2 The Business of Climate Recovery: Accelerating Accountability, Ambition and Action WBCSD released The Business of Climate Recovery: Accelerating Accountability, Ambition and Action at COP27, the day after the HLEG report. [...] The carbon accounting system is various actors involved in the HLEG as it in need of a major upgrade to ensure that provides a practical framework for business on companies, investors and policy makers base how to implement many of the HLEG’s their decisions on the best real-time recommendations. [...] This includes the WBCSD welcomes the contribution of the HLEG promotion of clear and vocal business to the integrity and accountability agenda and support for the ISSB Prototype under looks forward to collaborating with members development to become the mandatory and the wider non-state actor community to global baseline for climate reporting advance the corporate carbon accountability 2.