In Extrapolations, Mumbai in 2059 is depicted as a dystopian city where climate change forces all commerce to take place at night, with people relying on oxygen stations to survive the extreme heat. This grim vision highlights the severe consequences of unchecked climate change, underscoring the importance of climate adaptation. Effective adaptation should focus on maintaining quality of life, which requires urgent investment in adaptation strategies today. The report shifts focus towards adaptation finance, challenging the idea that it is solely a public good with little role for private sector investment. While continuing to emphasize climate mitigation, the report identifies areas where adaptation investments can yield both positive impacts and financial returns. It stresses that addressing climate change is not only crucial for the planet but also presents significant business opportunities. The choices made in the next decade will be critical, requiring unprecedented capital to scale effective solutions.

The Thomson Reuters Foundation champions economies that are equitable, participatory, and sustainable, with a focus on environmental respect. Impact investing is crucial for addressing social and environmental inequities but remains underutilized in Southeast Asia. To bridge this gap, the Aspen Network of Development Entrepreneurs (ANDE) partnered with TrustLaw, the TRF's global pro bono service, to enhance understanding of local impact investing regulations in 7 different countries in Southeast Asia: Thailand, Vietnam, Singapore, Indonesia, Myanmar, and the Philippines. Special thanks go to A&O Shearman, DFDL, Mayer Brown, MahWengKwai & Associates, and SyCip Salazar Hernandez & Gatmaitan for their pro-bono support. This guide aims to assist social enterprises, incubators, and investors in navigating local regulations and fostering greater investment in regional startups and their social missions.

"In this paper, we argue that business models need to be inclusive and adaptive to generate climate-smart value equitably for all stakeholders involved and sustainably over time. Inclusivity involves not only providing the poor at the Bottom-of-the-Pyramid (BoP) with access to resources (e.g. finance, technology, access to markets) in business models but also, according to some scholars, with guaranteeing their representation in decision-making over the use of these resources. Adaptability entails the capacity to smoohtly adjust structures and processes of enterprise-BoP partnerships that underlie business models. We suggest that building inclusive and adaptive climate-smart business models is non-trivial work which, in the future, will require rapid cycles of collective experimentation and reflection between decision-makers in climate-smart business models and researchers studying them."

"The Global State of Social Enterprise report examines the transformative role that social enterprises play in addressing some of the most pressing global challenges. At a time when the world is grappling with unprecedented social, environmental and economic issues, the scope and scale of social enterprises are under- recognized while their contributions have never been more critical."

"A previous British International Investment (BII) Insights paper showed that periods of higher private investment are historically associated with more rapid reductions in extreme poverty.1 That does not mean investment and economic growth always result in poverty reduction. This paper draws on the experiences of many developing countries to shine a light on when growth reduces poverty, and when it does not. Its ultimate objective is to clarify the role of private sector development finance institutions (DFIs) in the context of overall development policy, and the need for different forms and sources of investment and support that complement each other."