INTRODUCTION PROCESSPROCESS PHASE 1 PHASE 2 PHASE 3 PHASE 4 PHASE 5 CONCLUSIONCONCLUSION The Process of Just Transition Planning The process of just transition planning at the corporate level for the energy and utilities sectors includes 昀椀ve phases: PHASE PHASE PHASE PHASE PHASE 1 2 3 4 5 Deepen understanding Examine company just Assess company just Establish company Develop a just of the just transition transition context transition maturity governance of just transition plan landscape and identify gaps transition Each phase is described in further detail, including the purpose of the This process is focused on just transition planning phase, an overview of what it entails, and recommended activities. at the corporate level for energy, utilities, and Supporting tools and resources related to the recommended activities related companies. However, recognizing that a just are also incorporated throughout the guidance. While the phases are presented in sequential order, the just transition planning process is transition is heavily place-based, the process can be not typically linear because activities often occur in parallel or continue adapted to form the basis for localized just transition to evolve, particularly those in Phases 1, 2, and 3, which may overlap, planning and support implementation on the ground as well as those in Phases 4 and 5 because they are closely linked. for companies in almost any industry. Therefore, an iterative process is recommended whereby developments in one phase impact or lead to changes in an earlier or later phase. BSR JUST TRANSITION PLANNING GUIDANCE 10