As part of our Taskforce, and following our “Roadmap for a Just Transition”, we are glad to publish today the first issue of the paper series “Stakeholders in the Just Transition” which aims is to approach different key concepts in respect of the Just Transition.
In the second paper, Finance for Tomorrow members highlight the need for financial institutions to integrate consumer concerns as part of their Just Transition strategies. Banks have an important role to play, by providing financial services that connect the environmental and social objectives of the transition. As for investors, incorporating extra-financial indicators that relate to both environmental and social metrics in their investment strategies would allow for a better integration of consumer concerns in ESG frameworks
This article has 3 goals :
- Understanding how consumers are impacted by the transition to a low-carbon economy;
- Assessing how financial actors can better integrate this dimension in investment and financing frameworks to combat poverty and social exclusion;
- Exploring the ways in which the Paris Financial Center can take the lead on protecting consumer rights in the transition.