19 November 2024 – The Ibero-American Business Network for Green Growth (IABNGG) has been launched in an event that took place today in the Spanish Pavilion at COP29 in Baku, Azerbaijan.
The network's main goal is to mobilise the private sector in Latin America in order to boost collaboration and the development of ambitious green policy frameworks that encourage opportunities for sustainable growth in the region.
It is also a key initiative to connect and strengthen collective business action in the region in the run-up to COP30 in Brazil, building on best experiences and promoting active engagement with governments and relevant local actors to trigger positive ‘ambition loops’ in terms of climate policies and enabling framework conditions for the green economy.
Beverley Cornaby said: “We are delighted to launch the Ibero-American Business Network for Green Growth today at COP29, in partnership with CLG Chile and the Spanish Green Growth Group. Latin America stands at a critical juncture – as a region rich in renewable resources and biodiversity, it holds unique opportunities for green innovation and sustainable practices.
“CISL’s Corporate Leaders Network for climate action (CLN) will act as the new network’s secretariat. We look forward to working with corporate leaders, business advocacy groups, and other key stakeholders committed to green growth across the region. The IABNGG will be a proactive voice for sustainable, inclusive, and resilient economic transformation in Latin America and on the global stage, working together to secure strong outcomes at COP30 and beyond.”
Network members include the Conselho Empresarial Brasileiro para o Desenvolvimento Sustentável (CEBDS), the Cambridge Institute for Sustainability Leadership (CISL), the Corporate Leaders Group for Climate Action Chile (CLG Chile), the Spanish Green Growth Group, and Perú Sostenible.
In attendance at the launch event were the President of SGGG, Gonzalo Sáenz de Miera; its Managing Director, Carmen Navarro; the Executive Director of CLG Chile, María Teresa Ruiz-Tagle; and the Director of CISL’s Policy and Systems Change Collaborations Team, Beverley Cornaby.