The Cost of Inaction 2024

Contributors Acknowledgements The World Economic Forum and BCG would like to extend their gratitude to the following individuals for their valuable contributions to this report. The paper does not necessarily reflect the views of these individuals and/or their companies. Expert advice is purely consultative in nature and does not imply any association with the takeaways or conclusions presented within this paper. Ester Baiget President and Chief Executive Officer, Novonesis Sarah Barker Managing Director, Pollination Law Olivier Blum Chief Executive Officer, Schneider Electric Jesper Brodin Chief Executive Officer, Ingka Group (IKEA)Greg Brouwer Senior Vice President, Operations Excellence, Teck Amita Chaudhury Group Head of Sustainability, AIA Group Vincent Clerc Chief Executive Officer, A. P . Moller-Maersk Dan Futter Chief Commercial Officer, Dow Inc Pierre-Alain Graf Chief Executive Officer, GETEC Guy Grainger Global Head of Sustainability & ESG Services, JLLWorld Economic Forum Pedro Gomez Head, Climate; Member of the Executive Committee Pim Valdre Head, Climate Ambition InitiativesBoston Consulting Group Olivia Bendixen Consultant Jens Burchardt Managing Director & Partner Giovanni Covazzi Partner Lorenzo Fantini Managing Director & Partner Patrick Herhold Managing Director & Senior Partner Rich Lesser Global Chair Marion Merenda Consultant Cornelius Pieper Managing Director & Senior Partner Nicolas Salomon Project Leader, World Economic Forum Fellow Rishi Sinha Consultant The Cost of Inaction: A CEO Guide to Navigating Climate Risk 53