7 United Nations Human Rights Of昀椀ce of the High 19 Including healthcare, income replacement bene昀椀ts in the Endnotes Commissioner (2012), “The Corporate Responsibility to case of sickness, old age, unemployment, work-related injury, Respect Human Rights—An Interpretive Guide.” disability, and maternity, child and family bene昀椀ts, and social 1 Just Transition Initiative (2023), “About Just Transitions.” 8 The International Labour Organization (n.d.), “Social assistance bene昀椀ts and services that guarantee basic income 2 International Labour Organization (2015), “Guidelines Dialogue.” security. The Just Transition Centre and The B Team (2018), for a just transition towards environmentally sustainable 9 World Benchmarking Alliance (2021), “World Benchmarking “Just Transition: A Business Guide.” economies and societies for all.” Alliance Just Transition Methodology.” 20 Organisation for Economic Co-operation and Development 3 Conference of the Parties (2015), “Paris Agreement under the 10 World Benchmarking Alliance (2021), “Just Transition (2017), “OECD Due Diligence Guidance for Meaningful United Nations Framework Convention on Climate Change.” Methodology.” Stakeholder Engagement in the Extractive Sector,” p. 18. 21 World Benchmarking Alliance (2021), “World Benchmarking 4 The complete ILO de昀椀nition states that “A just transition 11 World Benchmarking Alliance (2021), “World Benchmarking means greening the economy in a way that is as fair and Alliance Just Transition Methodology.” Alliance Just Transition Methodology.” inclusive as possible to everyone concerned, creating 22 World Benchmarking Alliance (2021), “World Benchmarking decent work opportunities, and leaving no one behind. A 12 World Benchmarking Alliance (2021), “Just Transition Alliance Just Transition Methodology.” just transition involves maximizing the social and economic Methodology.” opportunities of climate action, while minimizing and 13 Climate Action 100+ (2023), “Net Zero Company 23 World Economic Forum (2022), “The Chairperson’s Guide to carefully managing any challenges—including through Benchmark.” a Just Transition.” effective social dialogue among all groups impacted, and 14 The Just Transition Centre and The B Team (2018), “Just 24 United Nations Research Institute for Social Development (2018), “Mapping Just Transition(s) to a Low-Carbon World.” respect for fundamental labor principles and rights.” Transition: A Business Guide.” 5 The COP27 Sharm el-Sheikh Implementation Plan states 15 United Nations Global Compact (2022), “Introduction to 25 Alternatively, the Just Transition Initiative has also developed a model that focuses on level of ambition based that “… climate action should be implemented in a manner Just Transition—A Business Brief.” that is just and inclusive while minimizing negative social on two critical dimensions, impact and scope, using a matrix 16 UN Global Compact (2022), “Introduction to Just that ranges from Incremental Reform that is narrowly focused or economic impacts that may arise from climate action,” Transition.” and less inclusive to Systems Change that has a broad impact and the need for “meaningful and effective social dialogue and participation of all stakeholders.” The Sharm el-Sheikh 17 For example, 161 investors representing US$10.2 trillion in and is highly inclusive. Implementation Plan (Decision 1/CMA.4): Section VIII assets endorsed the 2020 Statement of Investor Commitment 26 Council for Inclusive Capitalism (2021), “Achieving a Just Implementation pathways to a just transition, paragraphs 50- to Support a Just Transition on Climate Change coordinated Energy Transition: A Framework for Company Action.” 53. by PRI. Climate Action 100+ (2022), “A need for robust just 27 Council for Inclusive Capitalism, “Actions for a Just 6 An example is a group of 161 investors representing transition planning.” Transition.” US$10.2 trillion in assets who endorsed the 2020 Statement 18 Organisation for Economic Co-operation and Development of Investor Commitment to Support a Just Transition on (2018), “OECD Due Diligence Guidance for Responsible Climate Change coordinated by Principles for Responsible Business Conduct.” Investment (PRI). BSR JUST TRANSITION PLANNING GUIDANCE 57