COP29 takes place in Baku, and CEBDS and associated companies participate in multiple discussions at the event

On Tuesday (12), the panel “Private sector and NDCs: how the private sector can participate in the creation of NDCs and encourage their implementation discussions”, promoted by CEBDS and ICS at COP29, in Baku, Azerbaijan, addressed the role of companies in the construction and implementation of NDCs together with the public sector.

The discussion was moderated by Lucas Grilo, Technical Manager of Climate, Energy and Sustainable Finance at CEBDS, and included the participation of João Teixeira, Sustainability Manager at Natura; Fiona Duggan, Global Sustainability Senior Manager at Unilever; Fábio Maeda, Director of Control and Risk at Banco da Amazônia and Greg Briner, Climate Policy Consultant at WMBC.

Throughout the event, the importance of NDCs and private sector engagement for the full implementation of contributions around the world were highlighted, with representatives from Banco da Amazônia and Natura, both associated with CEBDS, addressing case studies from their companies. Fábio Maeda, from Banco da Amazônia, addressed some of the company's decarbonization policies, accompanied by João Teixeira, from Natura, who reiterated the importance of the government establishing a clear transition plan to guide the companies' strategy and actions.

The discussions continued with a speech by Fiona Duggan from Unilever, who addressed the opportunities related to changes in consumer behavior and the importance of NDCs as a reference for the company's decarbonization. During the panel, Greg Briner from WMBC addressed the publication “Call for Action from the Brazilian Business Sector for an Ambitious and Implementable NDC”, launched in Brazil in a partnership between CEBDS, We Mean Business Coalition and WBCSD, signed by 55 Brazilian companies.

WHAT ARE NDCS?

Nationally Determined Contributions (NDCs) are voluntary commitments made by countries to reduce their greenhouse gas emissions, with the aim of combating global warming and limiting temperature increases to 1.5°C, in accordance with the Paris Agreement. Defined periodically, NDCs are essential for each country to define clear goals and concrete actions in the transition to a low-carbon economy. At COP29, the updating and submission of new NDCs is one of the central agendas, with expectations that these commitments will guide global climate planning until 2035.

You can check out more information about the participation of CEBDS and the Brazilian private sector in COP29 by accessing the HUB #CEBDSnaCOP29.