INTRODUCTION PROCESS PHASEPHASE 1 1 PHASE 2 PHASE 3 PHASE 4 PHASE 5 CONCLUSION Purpose Explore and understand the current landscape and most pertinent issues related to just transition, including what workers and other stakeholders, PHASE both internal and external, are expecting and what peers are doing. Recommended activities in this phase 1 Conduct landscape scanning Engage with experts and peers Research and assess what just transition Engage with topical experts, academic means for the sector, identify key just institutions, regional experts, civil society transition focus areas where the sector and organizations, or peers to better understand the company can be most impactful, and the just transition, speci昀椀c impacts, explore peers’ commitments and actions on challenges and/or opportunities, as well the just transition. as other actors’ experiences in trying to Identify key stakeholders identify and address impacts on workers Deepen Understanding and/or communities related to the net-zero Identify and map key stakeholders (including transition. of the Just Transition workers, communities, and governments) that Identify emerging just transition risks and are impacted by the net-zero transition and opportunities climate action plans as well as those who are Landscape engaged in efforts to foster a just transition. Identify just transition risks and opportunities Use the Stakeholder Engagement Guidance that might surface in the future by assessing Tool to help map stakeholders. the social impacts of the company’s Understand stakeholder impacts and climate and business strategies and future expectations investments or trends, taking into account the energy sector, particular geographies, Engage stakeholders and facilitate social and the relevant national contexts. Map these dialogue to understand the expectations risks and opportunities in a manner that is from stakeholders, including workers, relevant to the company’s business model, unions, communities, investors, etc., to such as by business unit, function, and/or help determine just transition priorities and region/country of operation. ambitions. BSR JUST TRANSITION PLANNING GUIDANCE 11