The UN Climate Change Conference ended on November 12. Its purpose was to bring parties together to accelerate action towards the goals of the Paris Agreement and the UN Framework Convention on Climate Change. What are some of the key takeaways from the conference and, more importantly, what do they mean for your business?
A summary of the takeaways from COP26 can be found in our downloadable document below. But the real question is: what does this mean you should be doing next? Globally speaking, governments failed to match the expectations of a broad range of stakeholders and have fallen behind the momentum in the business world. The lack of global consensus on climate ambition will translate into a patchwork quilt of state-level action which makes management of legal risk extremely complex for multinationals. We highlight the areas General Counsel need to keep focused on to fully manage the risk and need to raise in the context of their organization’s commitments to net-zero and broader organizational planning around climate and other ESG related commitments.