In the shared pursuit of reaching net zero, it is important that no one is left behind. As companies embark on their journey towards a greener future, they need to recognise and embrace the pivotal role they play in fostering a just transition. Among the 166 companies engaged for Climate Action 100+ 2022 Benchmark assessments – representing many of the largest global emitters, 73% are not sufficiently prepared to deliver a just transition.
When it comes to the just transition agenda, companies have various aspects to consider, their workforce, customers, local communities and suppliers in the value chain. But, it is important to first understand and meet the needs of the company’s lifeblood - its workforce.
This publication explores five guiding principles in measuring the ‘S’ in ESG across the workforce. As we strive towards a just transition, business leaders need to actively engage the social dimension of ESG and foster an empowered workforce.
Any transformation exercise of significance is expected to create disruption. Take the energy transition for instance, where increasing environmental pressures are pushing almost all companies out of their comfort zone in the transition to net zero. A structured approach in integrating social performance metrics is imperative in streamlining the data collation process and producing insightful analysis.
