COP30: Key outcomes for board directors

4 December 2025

Briefing

COP30: scaling implementation pathways  

From 10 to 21 November 2025, leaders from nearly 200 nations met in Belém, Brazil for COP30. This year’s negotiations emphasised ‘implementation over ambition’, focusing less on ‘what the world must do, rather on how to make it all happen.’ This objective faced a number of challenges, including protest demonstrations, an evacuation due to a fire at the summit venue, and the largest-ever share of fossil fuel lobbyists at any COP sessions. Wider geopolitical tensions also shaped negotiations, underscored by the notable absence of the world’s largest economy, the United States.  

Despite these headwinds, in a global context in which emissions are reaching record highs – as set out in the 2025 Global Carbon Budget report – and the gap between climate policy ambition and implementation continues to widen, the need for accelerated, collective climate action is more evident than ever. Echoing this very message, UN Climate Change Executive Secretary, Simon Stiell, closed the negotiations with an assertion that despite progress made, calls for more accelerated action cannot be ignored, urging the international community to hold firm in the belief that “markets are moving, a new economy is rising, while the old polluting one is running out of road.”  


Key Messages for Board Directors – COP30 Takeaways

  1. Make collaboration a board priority: Global climate plans agreed at COP30 will only succeed through strong partnerships. Boards should actively champion alliances with governments, industry peers, and financial institutions to accelerate implementation.
  2. Stress-test your strategy for higher climate risks: The world is heading for 2.3–2.5°C warming, well above the Paris goal of 1.5°C. Boards must ensure scenario planning reflects this reality, incorporating physical risk exposure and resilience measures into long-term business strategy.
  3. Stay ahead of tightening regulation: COP30 reinforced that governments have a legal duty to regulate private sector emissions. Boards should monitor evolving climate laws and prepare for stricter accountability requirements across jurisdictions.
  4. Position for new finance flows: COP30 set a $1.3 trillion annual climate finance target by 2035. Boards should consider, particularly in the financial sector, where their businesses can help to drive investment in clean energy, resilient agriculture, adaptation and nature-based solutions; while aligning with emerging financial architecture.
  5. Embed nature into corporate strategy: Nature was a central COP30 theme. Boards should integrate nature-related risks and opportunities into capital planning and ESG frameworks, anticipating new disclosure standards and investor expectations.
  6. Lead the fossil fuel transition: The shift to clean energy is irreversible. Boards should treat fossil fuel phaseout as a strategic opportunity—mapping dependencies, setting clear timelines, and investing in low-carbon alternatives to futureproof business models.
  7. Double down on data and transparency: COP30 highlighted the need for robust climate data and credible reporting. Boards should ensure their organisations can meet rising disclosure standards and demonstrate measurable progress on transition plans.
  8. Invest in partnerships and skills for transformation: Delivering on COP30 goals requires whole-of-economy change. Boards should prioritise workforce upskilling and strategic partnerships that unlock innovation and resilience.
  9. Champion information integrity and governance: COP30 introduced global commitments to combat climate misinformation. Boards should strengthen internal governance to ensure climate-related communications are accurate, science-based, and aligned with emerging standards.

COP30 Scorecard: Progress at a glance  

The scorecard offers a summary of the most relevant announcements or actions taken at COP30. Please see the ‘Annex’ section for policies and announcements relating to the scorecard outcomes.  Scorecard 2025.pngTakeaways from COP30 and their relevance for board directors  

Driving climate progress through multilateral cooperation and public-private partnerships

1. Countries’ ambition levels took centre stage at COP30. While over 120 refreshed 2035 Nationally Determined Contributions (NDCs) were confirmed, the world remains on track for 2.3-2.5C of warming by 2100, representing a significant potential overshoot of the Paris-aligned 1.5°C threshold. New emissions scenarios present new challenges for businesses and their value chains.

  • Board directors should consider the long-term impacts of higher emissions trajectories in their scenario analysis – ensuring that strategies are responsively accounting for heightened physical risks in line with the latest climate science. 

2. This year’s International Court of Justice advisory opinion on countries’ climate obligations remained a topic of discussion at COP30, particularly its judgement that in setting legally-binding NDCs, governments are not only responsible for reducing their own emissions, but also have a “due diligence to regulate private actors under their jurisdiction.” This principle influenced negotiations, reinforcing calls for stronger accountability and regulatory alignment between public and private sector action.  

  • Board directors should ensure they are informed on the evolving legal context, as part of wider strategic commitments to improving policy responsiveness and engagement.

3. Evidence of more ambitious business action in line with the ratcheting up of national policy offers cause for optimism. In its COP30 Report, the Taskforce on Net Zero Policy affirms that stabilising global temperature increase to 1.5°C remains within long-term reach – even if temporarily exceeded – but that this requires urgent whole-of-economy transformation. The Exponential Roadmap Initiative (ERI), partner of the Race to Zero coalition, calls for policymakers to “use their NDCs as an invitation for private sector partnerships.”  

  • Boards have a real opportunity to showcase leadership and commitment to decarbonisation, and to consider collaborating with governments to identify opportunities for joined-up thinking and implementation of climate plans.

4. COP30 brought further dialogue on scaling up finance to reach the broader New Collective Quantified Goal (NCQG) target of $1.3 trillion USD for developing countries by 2035. The COP29 and COP30 presidencies published the Baku to Belém Roadmap to $1.3T, outlining key actions governments, financial institutions and others can take to mobilise capital for climate mitigation and adaptation in developing countries, in recognition of “the importance of all sources playing their part and the value of finance working better together as a system.”

  • Boards should reflect on their strategic approach to partnerships, in order to identify opportunities to work with governments, cities, and regions on practical solutions that advance both climate progress and long-term business value. Understanding collective finance priorities may help ensure that businesses are positioning themselves to capture market opportunities.

5. Trade entered formal negotiations for the first time at COP30. The Integrated Forum on Climate Change and Trade (IFCCT) was launched to support inter-country dialogue on how to bridge the gap between climate policy and trade policy. The International Institute for Sustainable Development (IISD) explains, “The priority should be ensuring that trade policy becomes a lever for climate ambition, not a loophole or a source of new divides.”

  • The IFCCT signals a clear convergence between trade and climate policy, and boards should prepare for how this will shape the regulatory and commercial environment as the multilateral framework takes shape. Businesses operating globally should monitor future developments to ensure emerging climate-trade priorities are accounted for in board-level planning.  

Unlocking finance: Private capital driving climate and nature solutions

1. Nature was a central pillar of this year’s negotiations, accentuated by COP30’s setting in the Amazon region and record levels of participation by Indigenous Peoples. The nature priority was reflected in key outcomes including the commitment to triple adaptation finance by 2035 and the operationalisation of the Loss and Damage fund. The Fostering Investable National Planning and Implementation (FINI) for Adaptation and Resilience initiative was also launched, with the goal of developing a pipeline of $1 trillion USD in adaptation investment by 2028, with 20% coming from private investors. The Expert Group on Climate Finance estimates that loss and damage costs could reach $150–300 billion per year by 2030, reinforcing the need for innovative approaches to unlocking finance at scale. 

  • Boards should understand how and where the international financial architecture is changing, to determine where they are best placed to deliver impact through commercially viable adaptation opportunities.
  • Board directors can draw on the tools and guidance emerging from COP30 to better articulate the financial value of nature-positive capital allocation to their executive teams.  

2. Advancements were made in determining the voluntary indicators to track progress against the Global Goal on Adaptation, offering public and private sector actors a clearer sense of how to prioritise action.  

  • Board directors should consider how progress indicators may influence finance decisions going forward, and how new, better-defined accountability metrics may be accounted for and assured.
  • Boards should explore opportunities to engage with policymakers to strengthen their businesses’ adaptive capacity to respond to extreme weather events. This may help to inform more comprehensive understanding of both a business’s dependencies and impacts on ecosystem services.  

3. The We Mean Business coalition’s Nature at COP30 Advocacy Toolkit for Business highlights growing support for an integrated nature and climate agenda, and the imperative for boards to embed nature-related risks and opportunities into strategy and capital planning.  

  • Board directors play a key role in advocating for stronger recognition of the nature-climate connection as core to futureproofing business strategy.  

Strong commitment to fossil fuel phaseout despite lack of roadmap

1. COP30 signalled broad consensus that the transition away from fossil fuels is well underway, with the flagship Mutirão text declaring the global shift towards a low-carbon economy is “irreversible and the trend of the future.” The text also recognises that investments in renewable energy now outpace fossil fuels, leading to faster and cheaper deployment. Despite this, the final agreement fails to mention fossil fuel phaseout or outline a roadmap for transitioning, which is characterised as a significant setback of this year’s COP. During the negotiations, the We Mean Business Coalition penned a letter to the COP30 Presidency, reaffirming calls for a “redirection of public finance and policy support away from fossil fuels to low-carbon energy.” Co-signed by more than 80 nations – representing one third of global fossil fuel imports – and 70 organisations representing thousands of businesses, the letter emphasised that a “robust, credible roadmap would help countries and businesses plan the shift to clean energy, strengthen energy security and reduce costs for consumers,” and that “there is hope that a roadmap for a fossil fuel transition could be agreed outside of the UN process.”  

  • Board directors should consider how their businesses can proactively align with, and help to build, industry consensus in reducing fossil fuel dependence. This will not only help to futureproof business models but may help ensure that the multilateral system developed at COP30 does not fall behind real economy progress in transitioning to low carbon technologies.  

2. The Exponential Business Roadmap 5.0 launched at COP30, offers a reminder that businesses should be focused on delivering exponential action to bring down emissions, the time for incremental action has passed.

  • Boards’ scenario analysis should assess what the accelerating shift away from fossil fuels means for their operating model and transition timelines, so that they can ensure that it is framed as a strategic opportunity for their businesses to lead energy systems change. This requires being critical about carbon-intensive dependencies that remain within the value chain and taking decisive steps to phase them out or replace them with low-carbon alternatives in line with industry expectations.  
  • Industry responses to COP30 have highlighted that while emerging markets face greater proximity to climate risks than capital-rich economies, this positions them to unlock substantial opportunities for transformation. Board directors overseeing emerging market businesses should consider how to capitalise on policy, investment, and innovation flows directed towards high-potential transition economies.  

Data measurement and standards accountability: Closing the ambition–action gap and driving investment at scale

1. The Systematic Observations Financing Facility (SOFF) launched its 2025 Action Report at COP30, highlighting growing recognition that the data gap is a core bottleneck for adaptation and resilience. The Declaration on Information Integrity on Climate Change was announced at COP30, establishing international commitments to combat climate disinformation and promote evidence-based action.  

  • Increased focus on climate information accountability emphasises that boards should prepare their businesses for greater data and reporting scrutiny, sharpening how impact is evidenced and communicated.  

2. The development of consistent and credible sustainability standards was another key connecting thread across negotiations. 63% of the COP30 Presidency’s 117 Plans to Accelerate Solutions (PAS) recognise the maturity of standards as “a critical lever for unlocking progress.” In the days leading up to COP30, the International Sustainability Standards Board (ISSB) confirmed that it will create formal standards for reporting nature-related risks and opportunities, building on the existing Taskforce on Nature-related Financial Disclosures (TNFD) framework.  

  • A shift towards standardised nature-related disclosures creates new expectations which board directors should account for.  

Looking to the year ahead  

It was agreed that next year’s COP31 will be held in Antalya, Türkiye, but with Australia acting as president of negotiations. This unusual arrangement is the result of concessions made by Australia, following its bid for an Australia-Pacific summit. A pre-COP31 event is still set to be held in the Pacific region.  

It was also confirmed that COP32 will be held in Ethiopia in 2027, representing the first-ever COP hosted by one of the least-developed countries.  

In the lead up to COP31, there are a number of events that will continue to set the stage for the global negotiations. Board directors may consider following the outcomes from climate-related events in 2026 shown in Figure 1:  Figure 1: Key international climate events in 2026 

timeline 2025.pngIn summary, COP30 offers an opportunity for board directors to reflect on their businesses’ data-driven risk management, to evaluate whether they are in a position to leverage data to demonstrate real impact and transition delivery. Directors should encourage their organisations to explicitly include adaptation-related scenarios in risk assessments, particularly for operations exposed to climate risks, which can now be more effectively mapped against emerging metrics. COP30’s focus on sticking to the climate science and upholding information integrity encourages board directors to examine their own climate expertise, and that of their boards, to determine any existing gaps or vulnerabilities, and the steps necessary to address these.

Recording: Key takeaways from COP30 for the boardroom

Watch the recording of our post-COP wrap-up webinar where an expert panel explore the key discussion points from COP30 and how to take these learnings into the boardroom.


ANNEX: Outcomes of COP30 and further reading 

The Belem Package

Leading outcomes of COP30 negotiations are encapsulated in the Belém Package, a suite of 29 decisions approved by consensus on topics spanning just transition, adaptation finance, trade, gender, and technology. Key outcomes include:  

More context behind our COP30 Scorecard  

Climate finance

Nature

Energy

Carbon markets  

Health

  • As part of the part of the Belém Health Action Plan (BHAP), the Global Plan to Strengthen Climate-Resilient Health Systems was announced, a $300 million USD pledge from the Climate and Health Funders Coalitions of more than 35 philanthropies. BHAP has received endorsements from 30 countries and 50 civil society partners.  
    • The COP30 Special report on health and climate change finds that 3.3-3.6 billion people already live in highly climate-vulnerable regions, with hospitals now facing a 41% higher chance of damage from extreme weather than in 1990. Without rapid decarbonisation, the number of health facilities at risk could double by 2050. Despite this, the report finds that only 54% of national health adaptation plans assess risks to hospitals.  
  • UNEP and partners launched the Food Waste Breakthrough initiative to cut food waste in half by 2030 and cut up to 7% from methane emissions. The initiative involves a four-year, $3 million USD project to implement innovative projects.  

Net zero transition

Tourism  

Digitalisation

Buildings, Land use & Agriculture


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