New York, USA, Sept 08, 2022 (GLOBE NEWSWIRE) — The United Nations Global Compact today launched new guidance for businesses to ensure that the substantial benefits of transitioning to a are widely shared and support workers’ rights and livelihoods.
Introduction to Just Transition — A Business Note, developed by the Think Lab on Just Transition, provides an introduction to the central role of the private sector in ensuring a just transition for all, covering the foundations and meaning of just transition; priority actions for businesses; relevant areas of work and the business case, as well as a glossary of key terms and a resource guide.
The guide shows how business action starts from a foundation of responsible business conduct and respect for rights, supported by the ten principles of the UN Global Compact, to enable transition planning based on social dialogue and stakeholder engagement that optimizes social, economic and social aspects. employment impacts on the path to net zero emissions and environmental sustainability.
Introduction to Just Transition – A Business Note builds on the guiding principles for just transition set out in the International Labor Organization’s “Guidelines for a just transition towards environmentally sustainable economies and societies for all”. António Guterres, UN Secretary-General and Chair of the UN Global Compact Board, called on all countries to adopt the ILO Guidelines as a minimum standard to simultaneously address the environmental, economic and social dimensions of sustainable development.
Sanda Ojiambo, Under-Secretary General; The Executive Director and CEO of the UN Global Compact said: “By outlining concrete actions and unpacking the business case for a just transition, the Introduction to Just Transition — A Business Note will help businesses realize their full potential by making the transition to net zero fair and equitable and ensuring that their actions result in meaningful and inclusive impacts.
Although the Just Transition principles are universal, businesses apply them differently because climate change and climate transition affect geographies, industries, and businesses in different ways. This note highlights some of these differences and outlines seven priority actions to help all businesses understand the principles of just transition, identify gaps in current practices, and generate ideas for improving alignment, including:
- Create a map for internal engagement on just transition;
- Establish a foundation through strong policies and practices to respect labor rights and other human rights;
- Engage with workers’ organizations in social dialogue by including all relevant stakeholders at the discussion table;
- Make long-term business plans that incorporate just transition principles;
- Take steps to achieve just transition plans;
- Build partnerships with governments, employers’ organizations, regional/sectoral initiatives and across supply chains for more coordinated action;
- Measure and report on just transition actions, challenges and impacts, to promote learning, cooperation and accountability.
To find out more about the priority actions for companies and for additional information, please read the Brief.
Notes to Editors
About the Just Transition Think Lab
The Just Transition Think Lab aims to shape and define business and thought leadership in critical areas related to just transition; addressing key business challenges; identify policy advocacy opportunities and good business practices; and intensify learning through the UN Global Compact network. 27 participating companies from all over the world include AP Møller – Mærsk, Accenture, AIA Group, CEMEX, DP World, Enara Capital, Enel SpA, Garanti BBVA, Iberdrola, Johnson Controls, Lenovo Group, LONGi, Mahindra Group, Majid Al Futtaim, Meta, Microsoft, Moody’s Corporation, National Australia Bank, Nestlé, Novozymes A/S, Ørsted, ReNew Power Pvt. Ltd., Sappi Southern Africa Ltd., TriCiclos, Unilever, Wipro Ltd. and Woolworths Holdings Limited. Think Lab partners include UN Climate Change (UNFCCC), United Nations Environment Program (UNEP), International Labor Organization, International Trade Union Confederation (ITUC) and its Center for Just Transition, CDP, Duke University, International Organization of Employers (IOE), International Renewable Energy Agency (IRENA), Principles for Responsible Investment (PRI), Stockholm Environment Institute (SEI), Sustainable Energy for All (SEforALL) , The B Team, UNICEF and World Resources Institute (WRI). The activities of the Think Lab are based on synergies with the “CFO Coalition for the SDGs” of the United Nations Global Compact and the “Just Transition Maritime Task Force”.
About the United Nations Global Compact
As a special initiative of the UN Secretary-General, the UN Global Compact is a call for businesses around the world to align their operations and strategies with the ten principles in the areas of human rights , labour, the environment and the fight against corruption. Our ambition is to accelerate and scale collective global business impact by upholding the Ten Principles and achieving the Sustainable Development Goals through responsible businesses and ecosystems that enable change. With over 15,000 business and 3,000 non-commercial signatories based in more than 160 countries and 69 local networks, the UN Global Compact is the world’s largest corporate sustainability initiative – a Global Compact uniting businesses for a better world.
For more information, follow @globalcompact on social media and visit our website at unglobalcompact.org.
United Nations Global Compact