Just Transition

We are at a Code Red for Humanity to confront the climate emergency. Meeting the climate challenge means major shifts in our economies and societies bringing significant impacts on people, families and communities that touch the core of their well-being. Our 1.5°C future will require a rapid move from polluting to renewable energy, involving local governments, unions and the private sector to support affected communities and people by generating green jobs, as well as a system-wide transformation - from investment and lending, to food supply chains and transport. 

In this shift we must support the advancement of a strong social contract which gives substance to the vision of the 2030 Agenda for Sustainable Development and ensures human rights and larger freedoms for all, and spurs the transformation of economies and societies to halt climate change and environmental destruction.

Since the adoption of the Paris Agreement which highlighted “the imperatives of a just transition of the workforce and the creation of decent work and quality jobs” for the first time, the global community has become increasingly more action-oriented with States recognizing the need to ensure just transitions by leveraging finance for a pathway towards low greenhouse gas emission and climate-resilient development in the Glasgow Climate Pact. The United Nations Secretary-General has called on countries to adopt the International Labour Organization’s (ILO) “Guidelines for a just transition towards environmentally sustainable economies and societies for all” as a minimum standard, and work to ensure a just transition where opportunities outweigh jobs lost. The need for leadership from the private sector becomes crucial for a just transition to  a 1.5°C future. 

Think Lab on Just Transition

To enable the private sector to support the UN Secretary-General’s vision, the United Nations Global Compact is hosting the Think Lab on Just Transition, launched at COP26 with the ILO and the International Trade Union Confederation (ITUC). 

The Think Lab’s work is anchored in the Ten Principles of the UN Global Compact in the areas of human rights, labour, environment and anti-corruption, the 2030 Agenda and in the ILO’s Just Transition Guidelines. It builds on and is guided by existing efforts such as the ILO’s Just Transition Innovation Hub and the ITUC’s Just Transition Centre. The Think Lab aims to unravel the rationale of what it means for a company’s business strategy to support and engage in a just transition. Its objectives include: 

  1. Shape and define business and thought leadership on critical areas linked to just transition. 
  2. Address key business challenges and identify policy advocacy opportunities as well as good business practice; 
  3. Scale-up learnings and deliverables and incubate time-bound future programmes to help increase uptake of just transition across sectors and regions.

The Think Lab on Just Transition is implemented in collaboration with our partners:

In collaboration with:

UN Global Compact CFO Coalition for the SDGs

UN Global Compact Just Transition Maritime Task Force

The following companies are participants in the Think Lab on Just Transition as of June 2022:

COMPANY

SECTOR

COUNTRY

A.P. Møller – Mærsk

Industrial Transportation

Denmark

Accenture

Support Services

United States

AIA Group

Life Insurance

China

CEMEX

Construction & Materials

Mexico

DP World

General Industrials

UAE

Enara Capital

Alternative Energy

Egypt

Enel SpA

Electricity

Italy

Garanti BBVA

Banks

Turkey

Iberdrola

Electricity

Spain

Johnson Controls

Electronic & Electrical Equipment

United States

Lenovo Group

Technology Hardware & Equipment

China

LONGi 

Alternative Energy

China

Mahindra Group

General Industrials

India

Majid Al Futtaim

Real Estate Investment & Services

UAE

Meta

Software & Computer Services

United States

Microsoft 

Software & Computer Services

United States

Moody’s Corporation

Financial Services

United States

National Australia Bank

Banks

Australia

Nestlé

Food Producers

Switzerland

Novozymes A/S

Pharmaceuticals & Biotechnology

Denmark

Ørsted

Electricity

Denmark

ReNew Power Pvt. Ltd.

Alternative Energy

India

Sappi Southern Africa Ltd.

Forestry & Paper

South Africa

TriCiclos

Diversified

Chile

Unilever

Food Producers

UK

Wipro Ltd.

Software & Computer Services

India

Woolworths Holdings Limited

General Retailers

South Africa

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