Coalition Transition Juste
Finance for Tomorrow today announced the launch of the world’s first just transition coalition: ‘Investors for a Just Transition’. Bringing together asset managers and holders from the French financial ecosystem, in close liaison with companies, the coalition aims to promote a socially acceptable transition to low-carbon economies. The founding members of the coalition will commit to carrying out engagement actions with companies, in order to encourage them to integrate just transition into their strategies and to bring out best practices in different sectors.Initiated by Finance for Tomorrow, the coalition currently represents 3,600 billion 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 as founding members. Leading players such as the Principles for Responsible Investment (PRI) have also joined the coalition as observers. Through this collaborative platform, investors will work with various stakeholders – companies, trade unions, universities and research institutes – to define a common strategy and precise engagement objectives. The coalition will have three main fields of action. Firstly, engagement campaigns will be set up with companies to ensure ongoing dialogue with coalition members on key just transition issues. In addition, the formation of an academic partnership with a leading French university or research institute will support a knowledge-sharing objective through the publication of research papers. Finally, the creation of a ‘Just Transition Hub’ will serve as an interactive tool to enable investors to assess the performance of companies on the social aspect of their transition.
