INTRODUCTION PROCESS PHASE 1 PHASEPHASE 2 2 PHASE 3 PHASE 4 PHASE 5 CONCLUSION Purpose To understand the company just transition context, including commitments, actions, and progress to date, as well as the most important just transition issues for the PHASE company to address, through engaging internal stakeholders as well as building awareness of the just transition. 2 Recommended activities in this phase Map just transition impacts Review the company’s climate and human Draw on the stakeholder engagement and rights commitments and broader sustainability social dialogue from Phase 1 and the Indicators strategy to understand the context for listed in the Just Transition Indicators and just transition integration. See suggested Fundamental Actions Tool to map the documents to review in the Document Review company’s current and emerging just transition Checklist Tool. impacts (i.e., the human rights and social Understand current efforts that are impacts associated with the company’s climate relevant to the just transition Examine Company transition plan, at the corporate level as well Facilitate conversations across the company as at the local level). Identify where they to understand and discuss current company Just Transition Context are showing up, including which business initiatives and activities that relate to or can lines and functions are associated with and/ be expanded to encompass a just transition or responsible for managing risks related to focus. Use Fundamental Actions listed in the negative social impacts as part of implementing Just Transition Indicators and Fundamental the company’s climate strategies, and which Actions Tool as a starting point to identify business lines and functions have the strongest all efforts. levers for just transition integration and Facilitate internal just transition knowledge implementation. This will inform governance building discussions in Phase 4. Review existing commitments Support awareness building and provide training for internal stakeholders tailored to Conduct a document review to identify their needs to establish a foundation for just commitments, expectations, standards, and/ transition discussions around impacts, risks or requirements that the company already has and opportunities, and the most important just in place, which are relevant to a just transition. transition issues for the company to address. BSR JUST TRANSITION PLANNING GUIDANCE 22