Finance for Tomorrow announces the launch of “Investors for a Just Transition”: the first global investor engagement coalition on the just transition. Bringing together asset managers and asset owners of the French financial ecosystem, along with corporates, the coalition aims to promote a socially acceptable transition to low-carbon economies.
The founding members of the coalition will commit to engaging with companies, encouraging them to integrate the social aspects of the transition into their strategies and to highlight best practices within key industries.
Initiated by Finance for Tomorrow, the coalition currently represents 3.6 trillion euros and includes Amundi, Aviva France, AXA & AXA Investment Managers, Caisse des Dépôts, CNP Assurances, CPR Asset Management, Eiffel, ERAFP, La Banque Postale Asset Management, ODDO BHF Asset Management, Rothschild & Co Asset Management Europe, and SCOR Investment Partners among its founding members. Major players such as the Principles for Responsible Investment (PRI) have also joined the coalition as observers.
Through this collaborative platform, investors will work with different stakeholders – companies, labor unions, universities and research institutes – to define a common strategy and specific engagement objectives.
The coalition will have three main areas of action. First, members will engage with companies, thereby ensuring ongoing dialogue with coalition members on key themes of just transition. The coalition will also partner with a leading French university or research institute to support a goal of knowledge sharing through the publication of research papers. Finally, the “Just Transition Hub” will serve as an interactive tool enabling investors to assess the performance of companies on the social aspect of their transition.