Six months before COP28 “Keeping 1.5 ºC Alive” is bottom of the list of desired outcomes for global business

  • Date: 26-May-2023
  • Source: Zawya
  • Sector:Industrial
  • Country:UAE
  • Who else needs to know?

Six months before COP28 “Keeping 1.5 ºC Alive” is bottom of the list of desired outcomes for global business

- Majority want to see a stronger voice of business being contributed and heard from this year’s COP28 in Dubai

- Largest 100 companies by revenue across the Americas, EMEA, and APAC participated in ground-breaking research

London, Sydney – Ground-breaking research reveals that the pledge to "Keep 1.5 ºC Alive" from COP26 – aiming to limit global warming to 1.5 ºC above pre-industrial levels – is bottom of the list of desired outcomes for global business.

It is six months today that COP28 will start in Dubai, UAE. The findings of the research – conducted by global business financial research firm East & Partners and next-generation communications consultancy Impact & Influence – are indicative of a lack of confidence in the ability to stay below this target, and suggest that some global markets may have already priced-in the 1.5 ºC target being exceeded.

The qualitative and quantitative research spoke with the largest 100 companies by revenue in each of 14 countries across the Americas, Europe, Middle East, and Africa (EMEA), and Asia Pacific (APAC), a total of 1,308 direct interviews. It found that top businesses in major international markets are frustrated by their lack of representation at the UN's Climate Change Conferences.

The outcomes identified