COP27 Japan Pavilion Side Event

Role of the private sector in realizing the GGA: How can Japanese companies contribute to achieving a climate-resilient economy and society?

10th November (Thu) 10:00 – 11:30 EEST (Sharm El-Sheikh, GMT+2)

*Please note that internet connection may be unstable due to connectivity issues at the venue. We appreciate your understanding.

As climate change deepens, its impacts are becoming increasingly severe. Cooperation among diverse actors is essential for the world to adapt to the increasingly complex impacts of climate change. The private sector is an indispensable actor in adaptation because of its significant impact on mobilizing the financial resources needed for adaptation and its possession of the basic technologies required for adaptation. In an increasingly globalized business environment, the effects of climate change not only damage and impact their own facilities, but also have a significant impact on corporate profits through supply chains and other means around the world. Then the private sector itself, as an actor affected by climate change, is required to adapt to climate change risks. Thus, the private sector's response to climate change impacts is of urgent importance, along with its own efforts toward decarbonization. There are various international and national trends regarding private sector adaptation.

  • Internationally, trends that are significantly changing the business environment for the private sector include the elements of physical risk in the TCFD for corporate climate-related information disclosure and the ISO 14090 climate change adaptation series released in 2019.
  • In March of this year, UN Secretary-General António Guterres set a goal of covering the entire global population with early warning systems in the next five years. WMO is expected to present an action plan to achieve the goal at COP27. The private sector is expected to play a role, including covering the entire critical supply chain with early warning systems under the leadership of the private sector.
  • In Japan, the Ministry of the Environment released "Climate Change Adaptation Guide for the Private Sector" (revised in March 2022), and formed "Public-Private-Academic Networking Meeting on Climate-related Risks in Japan" (established in September 2021). These activities support companies to make progress in climate risk management, including TCFD physical risk responses and BCP (business continuity plan) formulation. In addition, the Ministry of Economy, Trade and Industry released a "Casebook of Good Practices in Adaptation in Japan” (latest version available in February 2022), which includes many examples of adaptation businesses.

Considering the above, it is critical that adaptation efforts by the private sector, including climate risk management as well as acceleration of adaptation efforts in developing countries vulnerable to climate change impacts through international cooperation and adaptation business, will progress more effectively and contribute to the Global Goal on Adaptation under the Paris Agreement.

In this event, experts with cutting-edge knowledge on adaptation in the private sector and practitioners from Japanese companies with advanced adaptive solutions (technology, services, experience) will be invited to discuss the role of the private sector in achieving GGA, its contribution through adaptation solutions that contribute to a climate resilient economy and society in the world, will be discussed.


*Please note that internet connection may be unstable due to connectivity issues at the venue. We appreciate your understanding.

Recorded Video

Event Details

10th November (Thu) 10:00 – 11:30 EEST (Sharm El-Sheikh, GMT+2)



Presentation Materials

Naoyuki Okano, Policy Researcher, Institute for Global Environmental Strategies
Hiroshi Ono, Vice-Minister for Global Environmental Affairs, Ministry of the Environment, Japan
Part 1: Framing Presentations - Status and Gaps of Adaptation by the Private Sector -
    Status and Challenges of Adaptation by Private Operators in the World
Nicolette Bartlett, Chief Impact Officer, CDP
Developments in policies and institutions that allow private operators to adapt
Akio Takemoto, United Nations University Institute of Advanced Studies for Sustainability
Significance and Challenges of Adaptation Business by the Private Sector: Initiatives by the World Bank
Arame Tall, Senior Adaptation and Resilience Specialist, The World Bank
Part 2: Introduction of examples of adaptation by private companies
    Ministry of the Environment's Efforts to Promote Climate Risk Management by the Private Sector
Genichiro Tsukada, Director, Climate Change Adaptation Office, Ministry of the Environment Japan (MOEJ)
Adaptive business using weather risk analysis
Daisuke Abe, Weathernews, Inc. Managing Executive Officer Service Operation and Development
Contribution of the insurance industry to global adaptation efforts
Hiroko Urashima, MS&AD Insurance Group Holdings, Inc. Manager, Sustainability Promotion Office, General Planning Department
Responding to physical risks caused by climate change and building resilient cities
Hitomi Miura, ESG Management Promotion Department, Sekisui Chemical Co.
Part 3: Panel Discussion
    Facilitator: Akio Takemoto, United Nations University Institute of Advanced Studies for Sustainability  
Panelists: All speakers  
Yasuo Takahashi, Director, Institute for Global Environmental Strategies