Publication – Investors and the just transition: an awareness-raising grid for commitment
Bringing together 13 managers and détenteu TheCoalition of Investors for a Just Transition (‘Investors for a Just Transition’ ) launched in June 2021, whose secretariat is hosted by the Institut de la Finance Durable, has published an awareness-raising grid for the commitmentrsof assets in the Paris financial ecosystem, This coalition seeks to encourage companies to better integrate the just transition dimensions into their environmental strategy (including Amiral Gestion, Amundi, AXA IM, BFT IM, La Caisse des Dépôts, Covéa Finance, CNP Assurances, La Financière de l’Echiquier, LPB AM, ODDO BHF, Rothschild & Co AM, Scor Investment Partners, Société Générale Private Banking).
This publication summarizes the findings of the first phase of engagement initiated by investors with companies from 4 working groups, divided according to priority business sectors:
- Food processing
- Energy production
- Transportation
- Building/construction
These exchanges revealed that the level of maturity of companies on the topic of just transition was heterogeneous and generally not very advanced. Commitment should therefore continue. In order to better structure the issue within companies, the Coalition’s investors are using this report to promote awareness and improve understanding. In response to these challenges, the Coalition has developed an awareness-raising grid, comprising 16 indicators reflecting the main recommendations arising from the discussions already held, divided into 4 categories:
1. Transparent planning of the Just Transition strategy
2. Stakeholder involvement
3. Employment and training
4. Consumers
The Coalition’s aim now is to broaden the scope of commitment within each sector group, to continue raising awareness among the players least advanced on this issue, and to support companies in defining more specific strategies and objectives.