Published ahead of the 2025 Sustainable Development Impact Meetings, the report highlights the urgent need for businesses to adapt to climate risks. COP30 preparations in Belém, Brazil, are intensifying. Eric White, WEF’s Head of Climate Resilience, said, “Protecting worker health is essential for business continuity.” Delaying adaptation will raise risks and costs.

The food and agriculture sector could lose up to $740 billion, while the built environment may face $570 billion in losses. The healthcare sector stands to lose $200 billion in productivity. Insurance companies will see a rise in climate health claims.

The report urges companies to act now to protect workforce health and build resilience. Investing early in climate adaptation can lead to innovation and growth, the report says.

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In his remarks, Kumaran emphasized the importance of promoting sustainable practices to help achieve climate goals, as advocated by Prime Minister Narendra Modi. He noted that universities play a crucial role in guiding future generations towards a more sustainable future. Kumaran reaffirmed India’s commitment to climate action and Mission LiFE, underlining the significance of individual responsibility in achieving global environmental targets.

Earlier, on September 10, Kumaran expressed India’s constructive support for the preparations of the 20th East Asia Summit at the EAS Prep-SOM meeting in Port Dickson, Malaysia. The East Asia Summit process, which began in 2005, gathers leaders from 18 countries, including India, ASEAN nations, and other major global powers. The summit aims to address regional issues and enhance multilateral cooperation.

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