INTRODUCTION PROCESS PHASE 1 PHASE 2 PHASEPHASE 3 3 PHASE 4 PHASE 5 CONCLUSION Purpose To assess the current maturity of the company on just transition, understand risk and opportunities across the company’s operations, and identify performance gaps that PHASE need to be addressed. This will inform just transition priorities, action needed, as well as the future just transition plan. 3 Recommended activities in this phase Conduct a just transition maturity Understand just transition risks and assessment of the company opportunities Review and assess current action and Evaluate what risks and opportunities initiatives across just transition indicators to the company might face related to a understand the company’s maturity level on just transition. This could be related to just transition. Draw on current commitments, reputational risks, investor requirements, Assess Company policies, standards, action plans, as well partnership and stakeholder engagement as 昀椀ndings from interviews with internal opportunities, workforce retention, worker stakeholders across the company. As part of displacement, future skills that are currently Just Transition Maturity the maturity assessment, document initial unavailable, opportunities to create green gaps that may be identi昀椀ed to address these and decent jobs, community disruption, etc. and Identify Gaps gaps in Phase 5 when developing the just transition plan. BSR JUST TRANSITION PLANNING GUIDANCE 33
The Just Transition Planning Process for Business Page 32 Page 34