Key Takeaways During ClimateWeek NYC 2023 – What Business Needs to Know

This past week, organized events were held across New York City for Climate Week and the United Nation’s Climate Action Summit.  These events were designed to inspire business, government, and nonprofit leaders to accelerate the transition to a nature-positive future.

Prominent Discussion Themes at ClimateWeek NYC 2023

In general, the following discussion themes were prominent: 

  • The transition to a more equitable, low-carbon economy across industries the like: the food industry, financial services, and the public sector
  • Growing concerns coming with insufficient support on agriculture and malnutrition. Several interesting discussions covered the themes of food sovereignty, or the adoption of sustainable agricultural standards
  • The growing cracks in multilateral collaborative spaces – the ongoing expansion of the BRICS space, for example – are a source of concern

Perspectives From Ksapa

Something struck across these discussions to explore global crisis and coordination on climate. Compared to most discussions previously focused on climate and controversial Net Zero solutions, nature and biodiversity preservation has suddenly popped up all over discussions. There have been lots of conversations about biodiversity credits, standards, and the role of nature in net zero.

  • The biggest announcement was Taskforce on Nature-related Financial Disclosures (TNFD) final framework, endorsed by many of our clients at Ksapa, which aims to help companies, investors, and all of us better identify and call out the material and economic impacts of nature on business and the global economy
  • Expectations for corporate involvement in addressing their nature impacts is rising rapidly, due to both stakeholder expectations but also frameworks like Science Based Targets Network’s SBTs for nature and regulation like the new CSRD in the EU.
  • Beyond climate, and given the regulatory, financial, and other material risks, corporate boards must increasingly engage in oversight of nature issues as well. For companies headquartered in the EU, and US companies doing business with the EU, EU CSRD reporting standard ESRS-E4 is clearly listing biodiversity and ecosystems as a material issue for oversight by boards, alongside climate change (ESRS E1)


Ksapa is working with corporate clients to engage in this work in order to implement strategic changes that will translate into operational change.  Ksapa has experience with the system approaches that will be effective for corporate decision makers. Our team of professionals work across geographies and industry sectors to engage boards of directors and executive managements.  These engagements work to effectively transition companies through the advancing paradigms of climate change.  

For more information on how Ksapa can help your company, please contact us!

Julie Muraco
Director of Sustainable Finance at Ksapa | more posts

Julie leads engagement with companies on sustainable finance and ESG in U.S.A.

For 30 years, Julie has been working with companies, including their intermediaries in the public and private markets.  Ms. Muraco spent more than 20 years on Wall Street as Vice President with J.P. Morgan’s Cash Markets Division, New York City, and as Managing Director in the Capital Markets Division of Smith Barney in Chicago. Prior to founding Praeditis Group, Ms. Muraco was a Senior Managing Director and head of Global Capital Markets for The NASDAQ Stock Market. She was responsible for strategy and client relations with corporate advisors, investment banks and financial sponsors, transitioning private companies to the public markets.

Website | more posts

Author of several books and resources on business, sustainability and responsibility. Working with top decision makers pursuing transformational changes for their organizations, leaders and industries. Working with executives improving resilience and competitiveness of their company and products given their climate and human right business agendas. Connect with Farid Baddache on Twitter at @Fbaddache.

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