The need for transformative leadership in addressing climate action has never been more urgent. The global stocktake is the inflection point for the energy transition: the increasing global energy needs must be met, while reducing emissions urgently simultaneously. Businesses today have an imperative to develop pathways that not only lead to a low-carbon economy, but also ensure a just transition that meets the needs of the most impacted by the transition. Amidst this evolving role of the private sector, how can businesses join forces to drive meaningful change? Why and how are partnerships important to tackle the urgency and scale required to address climate change? This panel discussion sheds light on some of the best practices and examples of collaborative partnerships across different sectors and organizations to drive impact and progress towards achieving climate change.