INTRODUCTION PROCESS PHASE 1 PHASE 2 PHASE 3 PHASE 4 PHASEPHASE 5 5 CONCLUSION TOOL Key Elements of a Just Transition Plan To ensure a holistic approach to just transition efforts within the broader business and climate strategy, a just transition » Key performance indicators that are time-bound and plan can be integrated into—and disclosed through—a measurable as well as quantitative and/or qualitative company’s climate transition plan. The following key elements targets/goals providing a mechanism to measure the should be included in a robust just transition plan: implementation of the just transition plan and demonstrate progress » A commitment to a just transition, building on commitments » A description of how the company has developed the just to climate action and respecting human rights. transition plan, and how engagement with stakeholders more broadly, as well as social dialogue with worker » An overarching vision and level of ambition for a just representatives or unions, has informed and contributed to transition the process of developing the just transition plan. » Articulation of priority issues and objectives as they relate » A description of how the company intends to disclose its to affected stakeholders and the company. just transition commitments, plan, activities, and progress externally, as well as how it will communicate about the » A description of the methodology, process, or tool used just transition internally. for prioritizing assets, geographies, or speci昀椀c issues for just transition efforts. The just transition plan should be updated as the external » Planned actions and initiatives, including how these will context, stakeholder expectations and impacts, and company include affected stakeholders both at a corporate level activities, including the company’s climate transition plan, and for prioritized assets, geographies, and speci昀椀c issues. evolve and change. BSR JUST TRANSITION PLANNING GUIDANCE 55