International Transition Plan Network (ITPN)’s Post

Cost of Inaction

I’m pleased to share the latest annual report from the World Economic Forum’s Alliance of CEO Climate Leaders, which underscores the significant costs of climate inaction for businesses. In the report, I emphasize that climate adaptation and mitigation are integral to Takeda’s strategy as we work to minimize our environmental footprint and develop innovative solutions to address the growing impact of climate change on human health. Assessing and understanding potential climate change related risks to our business are critical.     Recognizing this, at Takeda, we’ve set some of the most ambitious climate goals in our industry: achieving #NetZero greenhouse gas emissions across our value chain by 2040. I am proud to say that many of our business partners and peers share our ambitions and are actively driving positive change. #CEOClimateLeader @WorldEconomicForum

By 2030, doing nothing about climate change could cost the world $4.2 trillion a year. Businesses will face broken supply chains, rising costs, and losing customer trust. The message is clear: act now or pay later. It’s time to stop talking and start transforming. #Sustainability #ClimateAction #FutureReady

For decades, businesses have been designed with a singular focus: maximizing value for shareholders and driving profits. Sustainability, if ever considered, was often an afterthought—a nice-to-have rather than a must-have. And why wouldn’t it be? There were no tangible rewards for protecting nature or reducing harm to the environment. But today, the consequences of this approach are undeniable. Water resources are depleting, air quality is deteriorating, and climate extremes are becoming the norm. The need for change is no longer a choice—it’s an imperative. The real question is: how do we incentivize businesses to shift their focus? How do we make sustainability as rewarding as profitability? This is where innovative frameworks like carbon credits, water credits, and other measurable environmental impact rewards come into play. By creating systems that recognize and reward sustainable practices, we can realign business objectives with the needs of the planet. It’s time to redefine value—not just for shareholders but for the world we live in. Because the health of our planet is the foundation for all future profits. Let’s discuss: How can we build a reward system that encourages businesses to lead the charge in sustainability? #Sustainability #ClimateAction #BusinessTransformation #SustainableBusiness #CarbonCredits #WaterConservation #EnvironmentalImpact #GreenEconomy #SustainableDevelopment #FutureOfBusiness

'All companies will face a cost of climate inaction: how their leadership prepares for a warmer or greener world will determine whether they thrive or fall behind'. It is now 'not if, but when'.

We will not achieve our mission to solve the biggest global development challenges unless we play our part to tackle the climate crisis. We invest in innovative businesses and far-sighted solutions to combat the climate emergency. Find out more about some of our investees that are helping to reduce greenhouse gas emissions, transform economies to be cleaner and greener, protect the environment and increase climate resilience🌱 ⬇. Click the link in the comments to read more examples in our Annual Review 2023: Creating impact together.

The World Economic Forum CEO guide to navigating climate risk in cooperation with Boston Consulting Group (BCG) Businesses Investing in climate adaptation, decarbonization and mitigation are seeing tangible returns – up to $19 in value for every dollar spent.

"Finance is the greatest barrier to Adaptation and Resilience of Our people" 1. It's important in supporting investments in systems and infrastructure that are necessary in enhancing the resilience of communities to the impact of climate change. 2. Helps communities particularly in the Global South reduce vulnerability to the impact of climate change. 3. Helps vulnerable communities get resources and build capacity to adapt to climate change. 4. Climate finance drives sustainable development through achievement of the SDG goals by building cross sectoral resilience. 5. It drives and helps scale climate innovation.

As the world increasingly transitions to a low-carbon economy, explore how you can pursue your climate action goals alongside your financial objectives. #climate #investing

Climate change is a universal challenge necessitating concerted global action. Acknowledging varying capacities to mitigate and adapt, financially endowed nations (the Global North) must aid the Global South in meeting their climate goals. Use the link in the comments to learn more about International Climate Finance. Please contact Labanya Prakash Jena, CFA, SCR, Head, CSF, to know more about the Center.   #ClimateChange #Sustainability #ClimateFinance