3 COP28 insights for corporate sustainability in 2024

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COP28 delivered at least 3 new developments that corporate sustainability leaders will need to grapple with in 2024.

Article originally published by Forbes. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

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21 Dec 2023

The most recent COP28, hosted in the UAE, delivered several pivotal developments that will warrant the attention of every corporate sustainability leader in 2024. Here are three key insights demanding the careful consideration of chief sustainability officers moving forward:

Amid the global push for more robust action, corporate climate initiatives are under greater scrutiny that extends beyond mere emission reductions. As Lobby for Good founder and academic Alberto Alemanno notes in the Stanford Social Innovation Review, the business community is at a crossroads, facing mounting pressure to cut emissions and reconsider its lobbying practices, given their outsized influence on policymaking.

Notably, at COP28, business interests seeking to dilute commitments to phase out fossil fuels were extensively documented. The Center for International Environmental Law analysis revealed the presence of 475 lobbyists advocating for controversial