The agreement reached upon the conclusion of COP28 in Dubai has been described as a historic turning point for a global transition away from fossil fuels. PVH’s Chief Financial Officer, Joaquín Lozano, played a significant role in the conference, actively participating in discussions and establishing influential connections within the sustainability sector.

The conference achieved an early milestone with the launch of a fund dedicated for developing nations, which are the more vulnerable ones towards the adverse effects of climate change. The ‘loss and damage’ fund, as it was referred to in the meetings, will be a strong support in the fight against the critical adverse effects of climate change.

Key discussions for global sustainability

Joaquín Lozano attended The New York Times Climate Solutions Dinner, where experts deliberated on key issues at the United Nations Climate Change Conference. At the dinner, he had the honor of meeting world-class leaders such as Al Gore, former U.S. Vice President and Nobel Peace Prize laureate, and fervent advocate of climate action. The event, hosted by David Gelles, Climate Forward’s chief correspondent at The New York Times, provided insights into climate challenges from financial, social, and political perspectives.

Lozano also had the opportunity to collaborate with Barclays as a speaker on the panel «Bridging the Financing Gap in Scaling Climate Technology», providing a unique perspective on the behind-the-scenes dialogues that are currently shaping the future of international climate action. Veronica Chau, Partner and Director of Sustainable Investing and Social Impact at Boston Consulting Group (BCG), moderated the panel. The discussion delved into diverse viewpoints on how companies address and overcome financing challenges at various stages of their sustainability journey, in which financial institutions and investors play a crucial role.

High-level networking with personal connections and critical decisions

Beyond the conference agenda, COP28 was an unparalelled opportunity to connect with key renewable industry players and the most relevant international institutions that are shaping the future of the global energy sector. As the CFO of PVH – PVHardware, a global leader manufacturer of solar trackers with a deep commitment to sustainability, Joaquín Lozano experienced the importance of participating in an event that provides valuable insights into emerging challenges and facilitates discussions on the key initiatives in climate action. These interactions not only strengthen existing relationships but foster a collaborative spirit that is essential for driving impacting change.

“My take-home message is that energizing the world through renewables is not impossible; it’s just hard” says Joaquín Lozano. “When it comes to reversing climate change, hard is better than impossible; an endeavor that we at PVH are proud to support through our work, every day”.

With the knowledge and inspiration collected at COP28, Joaquín Lozano is poised to leverage these insights to fortify PVH’s mission and confront the challenges that lie ahead in this new era of energy transition. The lessons learned at COP28 will undoubtedly shape the company’s strategies, ensuring a resilient and sustainable future in the ever-evolving landscape of global climate action.