Business Model Transformation: A Critical Tool to Deliver Climate Transition Plans

Date and Time

November 13, 2024
2:30 pm-3:30 pm AZT

Location

We Mean Business Pavilion, COP29 Blue Zone, Baku, Azerbaijan

A key objective for COP29 is to inject momentum into the next generation of countries’ Nationally Determined Contribution (NDCs), due in early 2025. Business has an important role to play at COP29 in advocating for ambitious NDCs. In turn, delivery of ambitious NDCs is a critical enabling factor for businesses to deliver on their own climate goals.

Climate Transition Plans (CTPs) have emerged as a central business strategy tool that contributes to delivering the Paris Agreement and bridging the gap between targets and delivery. In compliance with new reporting and due diligence regulations, such as EU CSRD and CSDDD, many large companies will be required to disclose how their business is compatible with—and plans to achieve—the aims of the Paris Agreement.

A crucial, often overlooked element of climate transition planning is business model transformation. There is a strong opportunity to leverage CTP requirements in a manner that accelerates business model transformation to deliver companies’ climate goals and contribute to just and fair 1.5°C transformation.

BSR’s event will focus on the role of business models in delivering Climate Transition Plans. In doing so, the agenda aims to:

• Examine the CTP landscape and key CTP requirements and defining business models
• Unpack the wider need to transform our economy, and discuss the large opportunity that comes with it
• Explore key principles for business to keep within the operating space for net zero, and the role of business models in doing so
• Offer examples of promising business models that can be piloted and scaled, leveraging BSR research and real-life examples from corporate leaders

Individuals with a Blue Zone pass are eligible to attend.

Scheduled Speakers

• Johan Falk, Co-founder and Head, Exponential Roadmap Initiative
• Jo Swinson, Director, Partners for a New Economy
• Giulio Berruti, Director, Climate Change, BSR
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Giulio Berruti
Director, Climate Change, BSR
Copenhagen
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Giulio brings over 14 years of expertise in advancing corporate climate action.
He leads BSR’s climate team, oversees the team strategy, and works with BSR members across consulting, collaborative initiatives, and grants implementation.
Currently, Giulio oversees BSR’s work on beyond growth to reconcile business models with planetary boundaries, and more generally works with BSR members on climate transition planning and net-zero value chains. 
Since joining BSR in 2018, Giulio’s work has focused on Scope 3 implementation through supplier engagement, and commodities decarbonization strategies, both through consulting and support developments open-source guidance such as 1.5°C Supplier Engagement Guide, Transform to  Net Zero and Climate Fit.
Giulio also worked on several projects helping companies set Science-Based Targets, implement TCFD recommendations, and conduct climate scenario analysis. He supported the development of SBTi Net Zero standard as a member of the Expert Advisory Group.
Prior to joining BSR, Giulio spent 7 years with EcoAct between France and Kenya, focusing on climate advisory work on GHG mitigation, target setting and climate strategies, climate risk assessments and carbon offset project development.
Giulio holds a MS in Sustainability from HEC Paris School of Management. He also holds a double degree MS in Management and Industrial Engineering and a double degree BS in Technology and International Business from Politecnico di Torino and UIC Barcelona.
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• Adam Fishman, Associate Director, Transformation, BSR
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Adam Fishman
Associate Director, Transformation, BSR
New York
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Adam works with BSR member companies across industries on sustainability management, including stakeholder engagement, materiality, strategy and reporting, among other topics.
Prior to BSR, Adam was a thematic expert on the Sustainable Development Goals (SDGs) with the International Institute for Sustainable Development, focusing on the linkages between climate, development, business, and sustainable consumption and production. He previously worked on the SDGs team at World Resources Institute. During his graduate studies, Adam interned at the World Business Council for Sustainable Development and was a Coca-Cola World Fund fellow with Conservation International, researching the strategic connections between the SDGs and corporate sustainability.
Adam holds a Master’s in Environmental Management from the Yale School of the Environment, specializing in Business and the Environment. He has a BA in Environmental Studies and Government, with a concentration in International Politics, from Wesleyan University.
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