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Five lessons from building green businesses

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By illuminem briefings

· 2 min read


illuminem summarizes for you the essential news of the day. Read the full piece on BCG page or enjoy below:

🗞️ Driving the news: Building a successful green business offers vast value but requires navigating multiple complexities
This report outlines five actions CEOs can take: selecting an effective business model, securing innovative financing, leveraging existing assets, forming strategic partnerships, and capitalizing on regulatory developments

🔭 The context: Green businesses require significant investment, with an estimated $3-5 trillion annually needed globally through 2050 to reach net-zero targets
With costs for green tech dropping and consumer interest rising, companies now face challenges in adapting to shifting regulations and securing the right resources and expertise

🌍 Why it matters for the planet: Strategic green business growth drives decarbonization and sustainable practices across sectors, helping to mitigate climate change impacts
The right approach to building green businesses could lead to innovations and reduce emissions at scale

⏭️ What's next: CEOs are encouraged to act now, leveraging a clear plan and partnerships to secure competitive advantage in the evolving green economy
The approach may lead to hundreds of green "unicorns," shifting market leadership in favor of sustainable innovation

💬 One quote: “The green economy is one of the most significant business opportunities of our time”

📈 One stat: Achieving global net-zero targets will require $3 to $5 trillion in annual capital investments through 2050

Click for more news covering the latest on corporate sustainability 

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