
How transition plans can help Canadian businesses compete and grow

Climate readiness is good for Canadian businesses
Transition plans are an essential tool to help companies drive real benefits while reducing risks from climate-driven disasters and the global energy transition. They can help businesses assess climate risks, prioritize their investments, align their corporate strategies, and engage investors and stakeholders effectively.
In a rapidly changing world, developing climate transition plans is needed to compete with global peers and plan for climate disruption. But most Canadian businesses have yet to publish credible climate transition plans.
How transition plans can help Canadian competitiveness
New research from Business Future Pathways, an initiative supported by the Canadian Climate Institute, explores why climate transition planning is now a key tool for Canadian competitiveness and investment. The report makes three conclusions:
- Transition plans deliver tangible benefits for businesses. They build internal capacity, strengthen strategy alignment, and improve access to capital and markets.

- Canada risks falling behind global peers. Other economies are advancing faster with clear policies and investor expectations for credible transition plans.

- A lack of consistent guidance is slowing progress. Canadian investors and companies need a shared, practical definition of what “credible” looks like.
Pathways to Competitiveness: How transition plans can help Canadian businesses compete and grow, is the first in a series of research and guidance publications from Business Future Pathways, a finance-led initiative. The next report in this series will provide clear and actionable guidance to help Canadian businesses plan for resilience and long-term success.