Publication – The actors of Just Transition #1
As part of our Just Transition Taskforce, and following on from our ‘Place de Paris Roadmap for a Just Transition’, we are today publishing the first paper in the ‘Just Transition Players’ series, which aims to assess the ways in which financial players can better integrate the worker dimension into their strategies, mitigate the risks associated with the transition and maximize the opportunities it can bring. With a focus on ‘workers’, the aim of this paper is threefold:
- To understand the role of the financial sector in promoting just transition objectives;
- To assess the current approaches used by investors to take into account the worker dimension;
- Explore new avenues of work to better integrate this dimension into investment practices and strategies.
In particular, the paper calls on:
- Investors to define territory-based approaches to maximize opportunities to connect with initiatives at local, regional and national levels.
- The Paris marketplace to make these solutions more widely known to companies, local authorities and trade unions.
- To develop a process enabling investors to better capitalize on their experience, and to scrutinize the results of corporate engagement, capital allocation and political advocacy on just transition.
Finally, in the context of COP26, the paper calls for a contribution to a just and inclusive transition, drawing on the leadership and capacity for innovation of the Paris marketplace. This first paper was produced in collaboration with ORSE – l’Observatoire de la Responsabilité Sociétale des Entreprises, a multi-stakeholder organization that supports CSR strategies in companies. Every two months, you will find a new issue of the series ‘Les acteurs de la Transition Juste’.