This study examines the dynamic intersection of climate change and business, exploring how companies can navigate the evolving landscape of climate-related opportunities and challenges. Leveraging a conceptual framework, the research highlights the dual nature of climate change as both a significant risk and a fertile ground for innovation and growth. Key insights reveal that businesses integrating climate risk management into their operations, utilizing big data, and adopting sustainable practices not only improve their environmental footprint but also enhance financial and operational performance. The study highlights the importance of robust policy support and innovative financing to facilitate these transitions. And it explores the strategies businesses employ, from proactive innovation and regulatory engagement to the development of social capital and technological adjustments. The findings provide recommendations for businesses to manage climate risks and capitalize on emerging opportunities, ensuring sustainable and resilient growth in a carbon-constrained world.