Achieving a Just Transition:
Framework for Company Action
Moving to clean energy in ways that decrease inequality
Swift action is required to address climate change and transition to a net-zero economy, yet transitioning to clean energy risks growing inequality with a loss of jobs and investment in impacted communities. Companies have a key role to play in contributing to this urgent global shift, and it is imperative to do so in a way that is focused on workers, communities, and consumers.
We recognize that we are at the beginning of this journey in transitioning from a fossil-fueled economy to a system of net-zero emissions. There’s a lot to learn from first movers. That’s why the Council, along with bp and BCG, have brought together seven international, energy-intensive companies and investors with academic, civil, and social representatives to develop a hub of resources – best practices, case studies, and research – to support company action.
Together, we have developed a framework for a just transition to provide concrete guidance that companies of all industries can use to lead a swift energy transition that benefits all involved.
Explore the Framework
What’s your best idea for a just transition? Share your actions and join our community >>
What's inside:
Guiding Principles for a Just Transition
Sustainable future for all
Commitment to universal carbon neutral energy access for consumers
Fair and decent work
Creation of more decent jobs alongside adequate and sustainable social protection and right to bargain
Worker rights and social dialogue
Respect of fundamental rights at work and promotion of two-way dialogue
Community-specific approach
No ‘one size fits all’ solutions. Initiatives should be designed for the specific conditions and needs of communities
Social consensus and due participation
Strong social consensus on the goals and pathways to sustainability and an enabling environment for all stakeholders to drive the transition
Diversity and inclusion
Programs take into account the strong gender, racial and socioeconomic dimensions of many environmental challenges and opportunities
Collaboration and transparency
Collaboration between businesses/sectors and evidence-based progress reporting to promote transparency
Participating organizations
The Framework for a Just Energy Transition was formulated as part of a collaborative initiative led by the Council for Inclusive Capitalism, bp, and Boston Consulting Group (BCG), with the involvement of the UN Special Envoy for Climate Action and Finance, the International Trade Union Confederation, State Street, CalPERS, and Inclusive Capital Partners.
Join the movement for a just transition
It will take the collective actions of us all to achieve a just transition. Share your own commitments to action by becoming a member of the Council’s community of hundreds of companies creating jobs, protecting natural resources, reducing inequality, and improving the quality of life for those affected by climate change. Click above to learn more about membership and sign up your organization.
JOIN THE COUNCIL
Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward or Ally of inclusive capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.
The Council for Inclusive Capitalism does not provide investment advisory services or products. Any statements located on our Site should not be construed as or relied upon as investment advice. Please see our Terms of Use for more information.
