On November 17, the panel “Corporate Action and Reporting on Adaptation to Achieve National Goals”, held at the Caixa Space in the Green Zone, brought together representatives from key organizations to discuss how the business sector can advance climate adaptation practices aligned with national targets.
The session was moderated by Mariana Nicolletti, researcher at the Center for Sustainability Studies at Fundação Getulio Vargas (FGVces), who guided discussions on the challenges and opportunities for integrating adaptation into corporate strategies.
Participants included Felipe Bismarchi (Caixa), Marta Bandeiras (BNDES), Camila de Souza (Sebrae), Bruna Valença (CEBDS), and Danilo Gregório (IBGC), offering complementary perspectives on financial instruments, support for small businesses, governance, and transparency in corporate reporting.
During the discussion, Mariana highlighted two crucial points for advancing the business sector in this complex yet essential agenda for resilience:
“Businesses need to act proactively, not just reactively. This means looking beyond their own walls. It’s not just an environmental risk—it’s a socio-environmental risk, tied to the vulnerabilities of the territories where these businesses operate, whether physically, across value chains, or in stakeholder relationships. This broader territorial perspective, understanding risk factors and exposure, is fundamental work we are developing with the support of partners.”
She also stressed the need for more integrated and localized data to inform strategic decisions:
“We already face challenges working with climate scenario data, which carry inherent uncertainties. But it’s even more complex to combine these projections with territorialized environmental data. It’s not enough to look at a municipality as a whole; we need to analyze economic, financial, and social flows within these territories. For that, we need the business sector’s capacity for innovation and technology.”
The panel reinforced that climate adaptation demands collaboration among companies, financial institutions, and civil society, as well as investments in governance, technology, and data to reduce vulnerabilities and ensure sustainable development.
Full coverage of Fundação Getulio Vargas’ participation in COP30, including agendas, exclusive content, and institutional contributions to global climate action, is available on the FGV Climate Agenda Platform.