INTRODUCTIONINTRODUCTION PROCESS PHASE 1 PHASE 2 PHASE 3 PHASE 4 PHASE 5 CONCLUSION Introduction What Is a Just Transition? The concept of a just transition emerged in the 1980s by North American labor and environmental groups that recognized the need to support workers in industries that were being phased out and advocate 1 The concept for public policies that protect the natural environment. was further elaborated in the International Labour Organization (ILO) Guidelines for a Just Transition Towards Environmentally Sustainable Outcome 2 In 2015, the Paris Agreement, Economies and Societies for All. Inclusive green future that the international treaty on climate change, adopted the concept, maximizes economic and social recognizing that managing risks and opportunities generated by opportunities climate change and the transition to a net-zero economy on the 3 workforce and society at large will be essential. That same year, the ILO defined a “just transition” as “greening the economy in a way that is as Process fair and inclusive as possible to everyone concerned, creating decent Engagement and partnership work opportunities and leaving no one behind. A just transition involves maximizing the social and economic opportunities of climate action, with those who are most impacted while minimizing and carefully managing any challenges—including by the transition through effective social dialogue among all groups impacted, and 4 respect for fundamental labour principles and rights.” It is also high on the recent political agenda and is featured prominently in the 5 Expectations of company action are international outcome of COP27. rising rapidly, with investors in particular applying pressure on companies 6 to develop just transition plans. A just transition is both an outcome, which refers to an inclusive green future that maximizes economic and social opportunities for workers and communities throughout the energy transition, and a process through which there is engagement and partnership with those who are most impacted by the transition, namely workers and communities. BSR JUST TRANSITION PLANNING GUIDANCE 4