INTRODUCTIONINTRODUCTION PROCESSPROCESS PHASE 1 PHASE 2 PHASE 3 PHASE 4 PHASEPHASE 5 5 CONCLUSIONCONCLUSION Purpose Based on the learnings and outcomes of the previous phases, this phase will develop an overarching corporate approach to a just transition, identify actions, and PHASE prioritize local implementation resulting in the development of a just transition plan. Ambition-setting will determine the level and needs of investment in resources and a timeline of action. Prioritizing key just transition issues will help focus and 5 systemize the company’s efforts and will inform the company’s overarching vision, objectives, and KPIs. This will enable bespoke local implementation based on the company’s overarching commitment to a just transition. Recommended activities in this phase Develop an overarching vision and level of Determine key just transition priorities to ambition on a just transition address, as well as the level of ambition across different elements Develop a Use existing models to understand possible approaches and outcomes and identify the Use the previous Just Transition Maturity Just Transition Plan company’s just transition ambition level. Scale Tool included in Phase 3 to identify the Include and consult relevant departments/ company’s level of ambition for each of the individuals in setting ambition levels and link just transition indicators and identify necessary the just transition ambition with the company’s action to reach the desired maturity level. sustainability and climate ambitions and Use the Just Transition Planning Tool to help strategies. identify gaps between current and desired In order for companies to consider and determine an overarching maturity, and to determine actions, priorities, vision and level of ambition for a just transition, as well as the and responsibility. outcome(s) they would like to contribute to, there are several existing resources that help outline approaches to the transition. The Just Transition Research Collaborative developed a continuum of four ideal- 24 typical approaches to a just transition, ranging from approaches that preserve the existing political economy to approaches that envision signi昀椀cantly di昀昀erent futures.25 BSR JUST TRANSITION PLANNING GUIDANCE 44