Investing in a just transition – global project

Project objectives & activities

Launched in February 2018, the project will link investors to the broad array of policy, place-based, community, labour and business efforts to deliver a just transition and explore ways of empowering community and labour groups to effectively engage with investors. It will provide a resource for leading investor initiatives and it will lay the foundations for long-term action by investors and others to ensure that the climate transition contributes to the wider Sustainable Development Goals.

At the global level the project will undertake three initial main activities:

  • Explore the strategic case for investor actionon the just transition in terms of factors such as risk, opportunity and investor responsibility.
  • Produce draft guidance for investors and the just transition, based on emerging practice, covering aspects such as shareholder engagement, capital allocation and policy dialogue. The final guidance will be presented at the COP24 climate conference in December 2018.
  • Generate recommendations for policy, market and community-level approachesthat identify and enable effective investor contributions to the just transition.

Project delivery and funding

The Investing in a Just Transition project is being delivered in partnership with the Principles for Responsible Investment (PRI) and the International Trade Union Confederation (ITUC).

The project is funded by the PRI and the Surdna Foundation in the United States.

Advisory Committee

John Adler, Chief Pension Investment Adviser, New York, USA
Amal-Lee Amin, Division Chief, Climate Change, IADB, USA
Colin Baines, Head, Investor Engagement, Friends Provident Foundation, UK
Marcel Barros, Executive Board, PREVI, Brazil
Sharan Burrow, General Secretary, ITUC, Belgium [Co-Chair]
Helen Chin, Surdna Foundation, USA
Katie Grace Deane, Field Development, Center for Community Investment, USA
Cuong Huong, EDGE Funders Board Co-Chair, USA
Anne-Catherine Husson-Traore, Director, Novethic, France
Rachel Kyte, CEO, Sustainable Energy For All, USA
Rita Mallia, President, Construction Forestry Mining & Energy Union, Australia
Flavia Micilotta, Director, EUROSIF, Belgium
Fiona Reynolds, CEO, Principles for Responsible Investment, UK [Co-Chair]
Rathin Roy, CEO, National Institute of Public Finance & Policy, India
Therese Shets, Trustee, Pensioenfondsschoonmak, The Netherlands
Lucia Silva, Head of Sustainability, Generali, Italy
Anne Simpson, CalPERS, USA
Kirsten Spaulding, California Director, CERES, USA
Nick Stern, Chair, Grantham Research Institute, UK
Nigel Topping, CEO, We Mean Business, UK
Mario Tremblay, VP, Fonds de Solidarité FTQ, Canada
Nadine Viel Lamare, Head, Sustainable Value Creation, AP1, Sweden
Steve Waygood, Chief Responsible Investment Officer, Aviva, UK
Philippe Zaouati, CEO, Mirova, France

Publications

Investing in a just transition: Why investors need to integrate a social dimension into their climate strategies and how they could take action
Nick Robins, Vonda Brunsting and David Wood
June 2018

Climate change and the just transition – A guide for investor action
The finance edition of the Investor Guide to Climate Change and the Just Transition was released in December 2018.
A statement of investor support which investors can sign, can be found here: https://www.tfaforms.com/4694571

 

Commentaries

The just transition: the emerging agenda for Europe’s investors
Nick Robins and William Irwin
August 2018

Why financing a just transition is the next frontier in responsible investing
Fiona Reynolds, CEO, Principles for Responsible Investment and Sharan Burrow, General Secretary, International Trade Union Confederation
December 2018

The just transition comes of age
Nick Robins
December 2018