Will COP27 Outcomes Affect Global Business Strategy?

Will COP27 Outcomes Affect Global Business Strategy_1200_600

Manufacturing storage solutions to mitigate climate change

At COP27 global leaders will be discussing ways to reduce global warming. Efficiency gains from better manufacturing storage solutions, and high density convenience store shelving and racking, offer a simple way of reducing your carbon footprint.


What does COP27 stand for?

  • Conference of the Parties. The countries that signed the United Nations climate agreement in 1992.
  • Every year the United Nations (UN) holds climate summits for governments to discuss steps to address rising global temperature.
  • COP27 is the 27th annual climate change meeting by the UN.
  • COP27 is being hosted in Egypt at Sharm el-Sheikh. This will be the fifth time a COP has taken place in Africa, expected to be the continent worst affected by climate change.
  • Emissions reduction is a core aim of COP27, achieved by reductions in fossil fuel  use or use of alternative energy sources..

COP27 Climate Change Conference November 2022

At COP 27, country leaders meet to decide the action required to reach the climate goals specified in the Paris Agreement of 2015. Leaders need to start a new period of responding to climate change  by implementing their Paris Agreement commitments.

Sharm el-Sheikh, Egypt, is the location for the COP27 conference, which ends on the 18th November. An important feature of COP27 was that leaders were expected to provide their climate change proposals before the conference started, but only 25 were able to do this. This makes it less clear how leaders are going to be able to commit to targets for climate change.

What are six major issues being discussed at COP27?

COP27 has three key aims, but three previous goals of COP26 have not been achieved yet, which means global leaders will be looking at six issues.

  1. Emissions reduction
  2. Preparing countries to manage the effects of climate change
  3. Preparing  technical support and finding funding for developing countries
  4. Loss and damage finance to enable  countries affected by climate change to recover
  5. Setting up a global carbon market that includes emission costs into the pricing of global products and services
  6. Reducing the use of coal

How will businesses rise to meet the climate change threat?

Will COP27 Outcomes Affect Global Business Strategy?

Businesses have been driven to take action due to the need to anticipate legislation and take responsible action to meet corporate social responsibility targets by reducing their carbon footprint. Global businesses have adopted two major initiatives to future-proof against climate change impacts.

The UN Global Business Compact and Science Based Emissions Targets for Business are the initiatives we should be exploring to identify how COP27 meets the expectations of these historic initiatives coming from businesses working towards UN goals as well as EU net zero 2050 targets.

The UN Global Business Compact

155 companies prepared a joint statement in May 2020 to ask global leaders to include actions focused on COVID-19 recovery with economic aid for climate science goals. The combined market capitalization of signatories is more than $2.4 trillion,  and these companies employ  over 5 million people.

While governments decide on recovery packages, the signatories to the compact are pushing for policies to increase resilience against future crisis points  by making efforts to keep global temperature rise to 1.5°C above 1850 levels. This matches the EU aim for net-zero emissionsl before 2050.

How science based emissions targets help corporate aims

Science Based Targets for ambitious corporate climate action offers  companies ways to reduce emissions to levels stated in the goals of the  2015 Paris Agreement. More than 3,000 businesses are already working on this initiative to reach concrete outcomes that support both business and the environment.

Why ‘science-based targets’?

Because science-based targets are well-defined actions, they help companies achieve the  goal of reducing climate change to safeguard future growth. Global companies are moving to achieve these targets now in a demonstration of the impact of climate change on business sustainability.

Targets are ‘science-based’ only if they match climate science in support of the Paris Agreement. This shows how businesses are committed  to maintaining global warming below 2°C above pre-industrial levels and attempting to keep warming to 1.5°C.


What is the goal of COP27?

  • 194 countries signed the Paris Agreement in 2015, to agree to limit global temperature rise to 1.5C.
  • The Intergovernmental Panel on Climate Change (IPCC) and UN scientists have determined that global temperatures are now 1.1C above pre-industrial levels, and will increase to 1.5C.
  • The IPCC finds that half the population of the world could suffer life-threatening exposure to heat and humidity if global warming rises as high as 1.7 to 1.8C
  • COP27 is intended to enable governments to come to an agreement on ways to reduce global warming that arises from human activities
  • Reductions in carbon emissions and forming a global carbon market are among core aims of COP27

How can businesses help reduce the impact of climate change?

Will COP27 Outcomes Affect Global Business Strategy?

COP27 outcomes are expected to have an impact on the UN Global Business Compact and Science Based Emissions Targets. Global business success demands that we not only  meet  the standards  of legislation but also satisfy consumer demands for environmental preservation.

Multiple business competencies are being developed to mitigate the impacts of climate change. Some of these are industry sector specific, but there is a wide range of possible avenues for businesses to  take action, and customers today look for evidence that businesses are genuinely seeking sustainable solutions..

What are seven ways businesses can mitigate climate change?

  1. Manufacturing reusable products
  2. Minimizing material use in manufacturing
  3. Minimizing manufacturing waste
  4. Manufacturing greener product alternatives
  5. Reducing carbon footprint and using renewable energy
  6. Using recycled raw materials
  7. Increasing recyclability of products

How IJang is innovating to reduce the impact of climate change

Storage efficiency has a significant impact on carbon footprint. The smaller your storage volume, the less energy is required to heat or cool your storage space, and the movement distance for picking and packing is reduced.

Well designed, easy-access delivery and dispatch areas that form part of a logical flow of inventory within your warehouse offer major savings in fuel and energy consumption, reducing emissions as well as saving you money.

In our manufacturing processes, we use readily recyclable materials. Our storage systems, shelving, pallet racking, cabinets and carts are manufactured from steel and easily recycled plastics to minimize end of life waste. Our manufacturing expertise and excellent quality control systems extend the life of our storage products, reducing the carbon footprint of your business.

IJang manufacturing storage solutions reduce your carbon footprint

IJang manufacturing storage solutions offer a comprehensive range of shelving and storage for your warehousing or convenience store business. We are a leading global manufacturer of commercial & industrial, food storage & display, cold chain storage, and healthcare storage solutions. We supply metal wire shelving, vertical racks, custom containers, pallet racking, and carts.

We have three decades of experience in satisfying the requirements of our customers, and are here to help you assess and optimize your storage systems to reduce your carbon footprint and improve operational efficiency. Contact us to see how we can help you with your specific business requirements.