Moving to Clean Energy in Ways that Decrease Inequality
Swift action is required to address climate change. Yet transitioning to clean energy risks growing inequality with a loss of jobs and investment in impacted communities. At the Council, we believe the private sector is uniquely capable of harnessing their net-zero transition efforts to promote equity and ensure that the benefits of sustainable energy are shared by all workers, communities, and customers.
That’s why we, along with members bp and BCG — and 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 — convened a workstream to develop actionable guidance for companies to deliver an energy transition that advances workers, builds up communities, and maintains high-quality service to customers.
Developed by leaders of global energy companies with the collaboration of academic, investor, civil, and social representatives, “The Just Energy Transition: A Framework for Company Action” is the first resource to detail concrete actions that the private sector can take for a just energy transition. It is built around four pillars: universal net-zero energy, workforce evolution, community resilience, and collaboration and transparency. Read more about the Framework >>
The framework launches on November 8, 2021. Sign up below to receive updates on this work, including the new framework report, straight to your email inbox.
new Framework coming November 8:
A Guiding Framework
The Just Energy Transition workstream is building upon existing research and bringing together leading companies, investors, and non-profit entities to provide clarity for companies on actions they can take to promote and advance a just transition.
This initiative is collaborating with partners such as the Sustainable Markets Initiative, Climate Action 100+, and the World Benchmarking Alliance to support companies outlining pragmatic actions and sharing evidence of their progress.
Commitments to Action
The Council invites all companies to make new commitments and take action for their own just energy transition, made publicly available on the Council’s commitments platform.
Companies will put forth their best ideas for a just energy transition and learn from the best practices of others. The Council will host a knowledge platform for business leaders to share best practices, case studies, resources, and learnings to advance organizations’ actions and impact for a just energy transition.
guiding principles for a Just Energy 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 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
Global Chair, Boston Consulting Group
CEO, California Public Employee Retirement System
Lynn Forester de Rothschild
Founding and Managing Partner, Inclusive Capital Partners
Chairman and CEO,
UN Special Envoy for Climate Action and Finance, COP26 Finance Advisor to the UK Prime Minister
CEO, AC Energy
CEO, Anglo American
Global Chair, Boston Consulting Group
General Secretary, International Trade Union Confederation
Managing Director and CEO, Reliance Industries
Josu Jon Imaz
Alistair Phillips Davies
CEO, SSE plc
AVP of International Business Development,
Chief of Staff, bp
Senior Partner and Managing Director,
Boston Consulting Group
Managing Investment Director, Board Governance and Sustainability, CalPERS and Chair, Climate Action 100+
CEO, Council for Inclusive Capitalism
Professor in Practice of Sustainable Finance,
Grantham Research Institute
Director of Economic and Social Policy,
International Trade Union Confederation
Executive Vice President and Senior Investment Advisor, State Street
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