Business on the Edge 2024

The pathway to sustainable economic and social prosperity amid changing Earth system demands international alignment, sound government policy, public awareness, advocacy, innovation, financing and collaboration involving those affecting and affected by climate hazards. The nature and climate crisis directly threatens the performance and valuation of the world’s largest companies. Therefore, global businesses have a unique opportunity and responsibility to lead this effort, taking a central role in shaping cross-border investment decisions, driving market innovation and supporting policies that enable long-term resilience. Companies are also uniquely positioned to safeguard and improve their communities - employees, customers and beyond - on whose trust and well-being they depend. Now, more than ever, corporate leadership must build on net zero and nature-positive goals to foster deep, forward-looking industry and societal resilience and adaptation. The ability of businesses to address emerging climate risks today will directly affect the lives and livelihoods of millions, underscoring the urgent need for credible and proactive action. Business on the Edge: Building Industry Resilience to Climate Hazards 47