Climate change no longer needs an introduction. It is now widely regarded as one of the most serious challenges, becoming an urgent and pervasive preoccupation across the globe. Climate change is certainly a manifestation and symptom of the lack of adequate consideration of environmental sustainability in developmental pathways. As the effects of climate change coupled with financial and economic crisis continue to mount, countries everywhere are struggling to sustain their development achievements. An effective response to the global challenge of climate change requires collaboration on a scale which is unprecedented. While the responsibility to formalise an international climate policy regime is that of the governments, the role of business and industry and financial sector will be critical in converting policies into actions that can keep the world from impacts of runaway climate change.