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IGCN Participation at the COP28, Dubai UAE, 2 -7 December 2023

The High-Level Meeting of Caring for Climate session, located at Blue Zone – Meeting Room (Climate Action Zone), Hosted by the UN Global Compact, together with UN Environment Programme and UN Climate Change, the in-person meeting brings together senior executives of business, industry, finance, civil society, the United Nations and Government to help accelerate immediate cuts to greenhouse gas emissions and act decisively to avert a climate catastrophe. The gathering aimed to bring forward a strong business message of climate ambition and help to scale and speed climate action in light of the completion of the first Global Stocktake. Indonesian observer participants: Elim Sritaba, Chief Sustainability Officer, Asia Pulp & Paper (APP) Sinar Mas; Josephine Satyono, Executive Director, Indonesia Global Compact Network (IGCN).

Global Supply Chains Science Based Targets and Its Impact session, Organized by the Global Compact Network Norway, located at Blue Zone – UN Global Compact Pavilion. During this keynote and panel discussion, business leaders discussed best practices on supply chain engagement with a specific focus on SBTs.  Indonesian participant: Josephine Satyono, Executive Director, Indonesia Global Compact Network (IGCN).

Powering the Future with Renewable Energy Solutions session, Organized by the Indonesian Ministry of Environment and Forestry & Asia Pulp and Paper (APP) Sinar Mas, located at Blue Zone – Indonesia Pavilion. The panel seeks to start a conversation on viable and profitable pathways toward transitioning from coal to renewable energy sources. By examining successful case studies and best practices, the panel emphasized the considerable environmental benefits and long-term economic advantages of embracing clean energy solutions. Through expert insights and interactive discussions, attendees gained an understanding of the potential risks and rewards of adopting renewable energy technologies and innovative business models. Speakers exchanged ideas on how to create an enabling environment that incentivizes renewable energy adoption and facilitates a just transition for coal-dependent communities. Another goal is to also receive input from attendees who have knowledge or experience in the topic of renewables. Indonesian speakers: Elim Sritaba, Chief Sustainability Officer, Asia Pulp & Paper (APP) Sinar Mas; Josephine Satyono, Executive Director, Indonesia Global Compact Network (IGCN); and Dwisuryo Indroyono Soesilo, Chairman, Indonesian Forest Entrepreneurs Association (APHI).

Return on Ocean Investment Roundtable session,located at Blue Zone – Ocean Pavilion, Hosted by the United Nations Global Compact Ocean Stewardship Coalition and the High-Level Panel on the Sustainable Ocean Economy, the Return on Ocean Investment Roundtable convened ocean industry leaders, governments, investors, development finance institutions, and stakeholders across the finance value chain to identify key enablers to unlock private capital to scale investment in the sustainable ocean economy. Indonesian invitee: Dr. Ridha D. M. Wirakusumah, CEO, Indonesia Investment Authority (INA).

Ocean Finance Evening session, located at The Pavilion at the Emirates Golf Club | 17/2, Al Naseem Street, Emirates Golf Club | Al Thanyah 3, Hadaeq Mohammed Bin Rashid, Dubai, UAE, Hosted by UN Global Compact Ocean Stewardship Coalition. The Ocean Finance Evening was an opportunity for members of the Ocean Finance Community to come together. We hear from a small panel of esteemed guests who will share remarks on the role public and private finance institutions can play in supporting the growth of sustainable ocean economies. Following these formalities, a reception will commence where guests will have a chance to network with other key stakeholders in the ocean space, including ministers, financial institutions, credit support providers, and industry executives. Indonesian invitee: Dr. Ridha D. M. Wirakusumah, CEO, Indonesia Investment Authority (INA) & Josephine Satyono, Executive Director, Indonesia Global Compact Network (IGCN).

Exploring Capital Market Opportunities through Enhanced Disclosure and Reporting: The ASEAN Perspective session, located at Blue Zone – UN Global Compact Pavilion, Hosted by Global Compact Network Singapore. Recent advancements in sustainability and climate reporting, such as the International Sustainability Standards Board (ISSB) and the adoption of European Sustainability Reporting Standards (ESRS), signify a worldwide transition towards comprehensive and standardized reporting. These changes have repercussions on the global supply chain, affecting businesses in the ASEAN region and globally. Join the session to gain insights into business opportunities arising from enhanced disclosures and reporting for businesses in the ASEAN region; network, exchange views, and share experiences with fellow participants; discover how companies can contribute to the Sustainable Development Goals through their reporting efforts. Indonesian participant: Josephine Satyono, Executive Director, Indonesia Global Compact Network (IGCN).

Financing the Energy Transition in Emerging Markets – Risk and Regulatory Obstacles session, located atBlue Zone – UN Global Compact Pavilion, Hosted by Global Compact Network Norway. Business leaders from renewable energy companies and financial institutions gathered to discuss risk and regulatory obstacles in emerging markets and how organizations can mobilize private capital within them. Indonesian participant: Josephine Satyono, Executive Director, Indonesia Global Compact Network (IGCN).

Greening the Global Supply Chain: The Crucial Role of SMEs session,located at Blue Zone – Singapore Pavilion, Hosted by UN Global Compact Singapore. Small and Medium Enterprises (SMEs) are the heartbeat of any major economy. They must not be ignored or forgotten but instead, need to be actively supported as part of the collective effort in a country’s drive to achieve net zero. Representing almost 90% of businesses worldwide, the session focuses on the “integration” of various stakeholders in a typical supply chain – customers, suppliers (SMEs), financiers, regulators, etc. – and how it can be decarbonized. Indonesian participant: Josephine Satyono, Executive Director, Indonesia Global Compact Network (IGCN).