In this context, no meaningful consequence of failure is being taken as, "no meaningful difference between success and failure".
I roll to walk across the room. If success means, "I walk across the room" and failure means, "I walk across the room, but slightly less gracefully," then, in most circumstances, there are no meaningngful consequences and it's pointless to roll.
Similarly, a task you will succeed at eventually, when there is no time pressure and you get unlimited retries, has no meaningful difference between success and failure. However if, for some reason, you only get one try, then the opposite of success is meaningful, because you're now stuck dealing with that outcome.