‘Just’ in Just Transition Initiative

Description

This event is part of a series co-led by Boston Consulting Group (BCG) and the Council for Inclusive Capitalism and powered by WBCSD through the Business Commission to Tackle Inequality (BCTI).

Promoting a just transition is crucial for gaining broad support for ambitious climate and nature action while managing social impacts. Financial institutions play a key role in this effort by providing essential financing to expand green initiatives and facilitate the transition away from unsustainable practices. While it is evident that financing plays a pivotal role, amidst the momentum in transition finance, the imperative “just” element often remains overlooked. As we align financial systems with environmental objectives, it is paramount to concurrently prioritize the social dimension.

It is our ambition to accelerate collective and connected action in ensuring that our transition is not only green but also equitable for all stakeholders. This collaborative effort seeks to address this critical gap by integrating the social dimensions into green and transition financing, thus ensuring a fair and inclusive transition to a sustainable future. This initiative comprises a diverse mix of stakeholders from the financial institutions sector, development finance institutions, foundations, NGOs, and expert groups.