Achieving a Just Transition:
Framework for Company Action
low carbon policy impact
Key Activities
- Disclose process(es) for identifying impacts of low carbon transition on the social protection of workers and impacted stakeholders.
- Design redundancy packages for workers who cannot be redeployed into new roles and review employer contributions to workers and affected stakeholders ensuring it is appropriate for the specific operational context.
- Work with suppliers and partners across the value chain to ensure provision of fair and appropriate social protection for workers across value chain.
See it in action
ACEN designed and implemented an integration program for acquisitions where the compensation, benefits and retirement packages were aligned with the parent organization. This includes alignment of tasks and roles.
Those who couldn’t be redeployed and reskilled into the expanded organization were given generous separation packages. ACEN continues to provide salary continuance and financial support where possible.
Who's measuring these actions?
Just Transition Indicator 5 Metric a: Company discloses contribution to existing social protection systems for workers and affected stakeholder, and that it expects its business relationships to contribute to social protection of workers and affected stakeholders.
Just Transition Indicator 5 Metric b: Company discloses its process(es) for identifying impacts of low carbon transition on workers’ and affected stakeholders’ social protection.
Just Transition Indicator 5 Metric c: Company demonstrates how it contributes to addressing the impact of the low carbon transition on workers’ social protection in the contexts in which it operates.
More Blocks in this theme: Workforce evolution
= Core Best Practice
= Just Energy Specific Practice
