A new report emphasizes that climate transition plans remain crucial for Canadian businesses, despite other pressing risks such as tariffs and interest rates. This highlights the long-term strategic importance of sustainability and environmental responsibility. Positive impacts include enhanced corporate reputation, potential cost savings from efficiency, and resilience against future climate-related disruptions. Risks involve the cost and complexity of implementing transition plans. Government policies on climate change, international environmental agreements, and consumer demand for sustainable products are significant external factors influencing business strategies.