Climate Action Summit – Delivering a Net Zero Future
12-13th October 2022
Urgent emissions reductions are required to meet climate targets. However, a climate strategy that focuses solely on reducing emissions is not enough and will likely fail to realise opportunities to incorporate ongoing reporting requirements, realise efficiency and cost savings, and demonstrate holistic climate leadership.
Nature-based solutions (NbS) and a circular economy model offer comprehensive and practical principles that can minimise climate and environmental-related risks and foster business resiliency, while advancing companies’ progress towards achieving net zero emissions across their value chain. While these concepts are not new, they are now emerging in the business space as key drivers for restoring and protecting biodiversity, ensuring climate justice, and building a truly sustainable economy.
About the Summit
This two-day hybrid event brought together business, government, and civil society leaders to demonstrate effective solutions for achieving net zero. The Summit focused on two inter-linked themes – Nature-based Solutions and Circularity – that contribute to company mitigation strategies and the achievement of science-based emissions targets while building overall business resilience, and broader environmental and societal resilience.
The Summit sessions addressed several questions:
- How can Nature-based Solutions and the Circular Economy facilitate the transition to net zero, and how can businesses implement them?
- How does circularity promote the conservation and regeneration of nature?
- How can these concepts be used to mitigate climate-related risks and ensure business resilience?
- How can business go beyond requirements to foster greater societal benefits?
- How can finance be mobilised to scale and support these solutions?
A summary of the key takeaways from the sessions can be found here.
Day 1: Circular Economy – 12th October
Day 2: Nature-based Solutions – 13th October
12th October 09:30 - 10:45 BST
The opening session of the UN Global Compact Network UK's Climate Summit provided a high-level overview of practical solutions for reducing emissions and supporting a just transition to net zero, including nature-based solutions, the principles of a circular economy, and other low-carbon/green technological advancements.
Assistant Secretary-General and Chief Executive Officer
United Nations Global Compact
Dr. Márcia Balisciano
Chief Sustainability Officer, Global Head of ESG and Corporate Responsibility
Race to Resilience Business Engagement Lead
COP27 UNFCCC Climate Champions Team
Climate and Sustainability Services Director UKIMEA
Associate Director: Environmental Protection
Head of International Nature Campaign COP26
Department for Business, Energy and Industrial Strategy (BEIS)
13th October 09:00 - 10:30 BST
This event featured presentations on how businesses can measure and report on their impacts and dependencies on nature, as well as how they can incorporate this knowledge into decision-making, planning, and risk-management. The session introduced frameworks like TNFD and the Natural Capital Protocol and how these fit in to regulatory elements like the new UK Environmental Act and sustainability disclosure requirements. Business practitioners also presented case studies on how they are using these reporting frameworks and considering nature in their operations.
Chief Executive Officer
Head of Corporate Responsibility
TNFD Stewardship Council and
Founder & CEO
Head of ESG Policy & Disclosure
12th October 11:15 - 12:30 BST
This session explored the various metrics, tools, and methodologies available to support companies to understand their circularity performance and areas where they can improve to minimise waste, utilise and keep products in use longer, and subsequently reduce emissions and pollution.
Business Solutions Lead
Wouter van Tol
Head of Government, Community Affairs & Sustainability
Senior Sustainability Manager
13th October 11:00 - 12:30 BST
This session focused on how to identify and implement credible, effective Nature-based Solutions (NbS) schemes, and how these can not only be used to offset remaining carbon emissions that cannot be addressed with mitigation, but also move a company towards net positive. It featured presentations from companies taking part in the Net Positive Project for a conversation on what it means to be net positive, and what business benefits can be realised by using NbS to achieve its principles.
Dr Sally Uren OBE
Forum for the Future
Natura &Co Latam
The Consumer Goods Forum
Global Head of Regenerative Agriculture
12th October 13:30 - 15:00 BST
The third session in the UN Global Compact Network UK's Climate Action Summit explored how products, systems, and business models can be designed to eliminate waste before it is created and maximise utilisation of energy and materials to reduce emissions and pollution.
Cement and Aluminium Lead
COP27 Climate Action Champions Team
Head of Packaging UK & I
Head of Circular Economy
13th October 13:30 - 14:45 BST
To support the global need for expanded investment in nature and conservation, this session explored how and why businesses should mobilise capital for nature-based solutions. It looked at the benefits that companies may experience in investing in natural capital connected to their operations, and how this builds business resiliency. The event also examined growing investor expectations and requirements for nature and biodiversity to be considered in investment portfolios, and how this supports net zero commitments.
UNEP Finance Initiative
Associate Director, Responsible Investment
Nature-Based Solutions Initiative
12th October 15:30 - 16:45 BST
In this session, a range of financial actors and businesses discussed how they see the circular economy as an opportunity to create long-term value. The role of different actors in scaling up financing for a circular economy and how to overcome current barriers was also explored.
ESG Engagement & Stewardship Manager, EOS
Head of Climate Strategy Implementation
Head of Policy and Insights
Dr. Patrick Schröder
Senior Research Fellow, Environment and Society Programme
(Held in-person and streamed online)
13th October 15:15 - 17:00 BST
Two teams of three debaters deliberated on the role of nature vs. technology as our most effective means of tackling climate change.
This debate was kindly hosted and supported by Foresight Group.
Foresight Group (Chair)
Technical Development Director
Chief Sustainability Officer
Head of Strategy & Innovation
Director of Research and Policy
London Wildlife Trust
Responsible Sourcing Consultant
Sustainable Futures Strategist
Special Thanks to: