BSR | Co-creation for Climate Justice—Centering Communities in Corporate Climate Action The principles are ambitious—competing priorities, resources, and timelines can present challenges for businesses to adopt them. However, the principles are meant to inform and steer co-creation between businesses and affected communities. They can help manage expectations and ensure alignment on values of engagement and inclusion in co-creation processes. Interventions to address climate injustice Interventions to address should not be prescriptive nor top-down but climate injustice should not should be co-created through dialogues and an be prescriptive nor top- equitable decision-making process. Business down but should be co- actions aligned with these principles can better created through dialogues forge relationships with affected communities, and an equitable decision- build trust, and make collective progress making process. toward climate justice. An Approach to Co-create Climate Justice Interventions with Communities Equipped with and led by the principles above, businesses can begin to explore and identify opportunities to co-create climate interventions with affected communities through an equitable decision-making process. The phases below offer a high-level approach to follow. The approach is iterative, and phases may need to be revisited. Phases of Co-creation for Climate Justice Identify Affected Communities in the Value Chain Climate injustices are unique to each community; therefore, businesses need to identify who is affected and where they are located across the value chain. Climate risk assessments are useful to determine how and where climate change is affecting business operations and people. By including socio-economic vulnerability indices into climate risk assessments, businesses can identify communities and locations where climate risks may exacerbate inequities and inequalities. 12