Reaching 1.5°C: A Vision for the Future

Chatham House worked with the UK COP26 Presidency to convene business leaders to explore innovative solutions to accelerate climate action and to share a collective vision for a 1.5°C world.

Limiting warming to 1.5°C requires businesses, investors, consumers and governments to take radical action, together.

Businesses will need to reduce the environmental impact of their operations, but the climate crisis requires them to go further and faster to identify innovative ways of operating, be it through partnerships, technologies or markets.

Collaboration will be crucial to drive forward this radical innovation. During the workshop five types of collaboration emerged that could accelerate climate action: product-based; standards-based; competitor-based; skills-based; and place-based collaboration.

To explore this, Chatham House convened over 50 UK business leaders in partnership with the UK COP26 Presidency to explore innovative and collaborative solutions to accelerate climate action, accountability, and ambition.

The ideas and recommendations in the event summary are based on the contributions from business leaders in the workshop on 27 September 2022.

Chatham House would like to thank the following 20 organisations for their generous support: Aviva Investors; Boston Consulting Group; CGI; CISCO; Diageo; DLA Piper; Google; GSK; Hitachi; Legal & General; Microsoft; National Grid; NatWest; Reckitt; Sainsbury’s; Salesforce; Scottish Power; SSE; Sky; and Unilever.

This project is run by Chatham House’s Sustainability Accelerator.