Climate change will be one of the most economically impactful events in human history. Estimates of the costs of climate change have a wide range, but they are all bad. A recent report by the Economist Intelligence Unit estimated the net present value costs of climate change at US$4.2 trillion. The cost of adapting to climate change in developing countries could rise to between $280 and $500 billion per year by 2050, a figure that is four to five times greater than previous estimates, according to a new United Nations Environment Programme (UNEP) report. The Fourth National Climate Assessment published in 2018 by the US Global Change Research Program states, “Without substantial and sustained global mitigation and regional adaptation efforts, climate change is expected to cause growing losses to American infrastructure and property and impede the rate of economic growth over this century.” Climate change is a force that is already impacting economies and financial markets and, due to the nature of the problem, can be expected to do so with more frequency in the near future. Magna Carbon guides global companies to prepare for a decarbonized future by helping them assess their current ESG (Environmental, Social, and Governance) impacts, create Science-Based Targets, and engage effectively with key stakeholders. We strategize with a focus on natural resource management, circular economy, and reporting frameworks and guidelines such as the GRI, CDP and TCFD. This will become more and more important as a topic for businesses to focus on in the future with climate change, ESG investments and as public awareness grows.