Just Energy Transition Workstream

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 report, out in early November:
"Just Energy Transition: A Framework for Company Action"

new Framework coming November 8:

Framework Highlights

20 adaptable strategy building blocks for fair energy transitions

Examples and case studies showing the building blocks in action

Connections to benchmarking organizations and standards

Resources and insights for implementation

30 new commitments to change from companies already taking action

Workstream Objectives

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

  1. Sustainable future for all: Commitment to universal carbon neutral energy access for consumers
  2. Fair and decent work: Creation of more, decent jobs alongside adequate and sustainable social protection and right to bargain
  3. Worker rights and social dialogue: Respect of fundamental rights at work and promotion of two-way dialogue
  4. Community-specific approach: No ‘one size fits all’ solutions: Initiatives designed for the specific conditions and needs of communities
  5. 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
  6. Diversity and Inclusion: Programs take into account the strong gender, racial and socioeconomic dimensions of many environmental challenges and opportunities
  7. Collaboration and Transparency: Collaboration between businesses/sectors and evidence-based progress reporting to promote transparency

Workstream collaborators

Governance Board

Rich
Lesser

Global Chair, Boston Consulting Group

Bernard
Looney

CEO, bp

Marcie
Frost

CEO, California Public Employee Retirement System

Lynn Forester de Rothschild

Founding and Managing Partner, Inclusive Capital Partners

Ronald
O'Hanley

Chairman and CEO,
State Street

Mark
Carney

UN Special Envoy for Climate Action and Finance, COP26 Finance Advisor to the UK Prime Minister

Participating cEOs

Eric Francia

CEO, AC Energy

Mark Cutifani

CEO, Anglo American

Rich Lesser

Global Chair, Boston Consulting Group

Bernard Looney

CEO, bp

Claudio Descalzi

CEO, Eni

Sharan
Burrow

General Secretary, International Trade Union Confederation

Mukesh Ambani

Managing Director and CEO, Reliance Industries

Josu Jon Imaz

CEO, Repsol

Alistair Phillips Davies

CEO, SSE plc

Steering Committee

Jaime
Urquijo

AVP of International Business Development,
AC Energy

Dominic
Emery

Chief of Staff, bp

Stuart
Quickenden

Senior Partner and Managing Director,
Boston Consulting Group

Anne
Simpson

Managing Investment Director, Board Governance and Sustainability, CalPERS and Chair, Climate Action 100+

Meredith
Sumpter

CEO, Council for Inclusive Capitalism

Nick
Robins

Professor in Practice of Sustainable Finance,
Grantham Research Institute

Alison
Tate

Director of Economic and Social Policy,
International Trade Union Confederation

Richard
Lacaille

Executive Vice President and Senior Investment Advisor, State Street

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 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.

Stay in touch

Provide your contact information to sign up to receive news about the Just Energy Transition Framework for company action.

You data will be stored and processed in accordance with the Council’s Privacy Policy.