How businesses can reduce their fossil fuel dependency
August 26, 2022
A framework for ensuring a fair, inclusive and equitable shift towards a sustainable, low-carbon economy. Companies or organisations adopting a just transition approach prioritise balancing environmental goals with social and economic equity by:
- Conducting a risk assessment to evaluate potential impacts on affected stakeholders, including employees, value chain partners and local communities.
- Engaging stakeholders to gather input, address concerns and promote inclusive decision-making.
- Implementing measures to prevent or mitigate adverse social and economic effects of the transition.
A just transition seeks to protect workers and communities by ensuring access to fair wages, reskilling opportunities and social protections as industries and economies evolve.
