Companies that implement a just transition will better manage the risks associated with the transition to a net-zero economy and will reap the benefits, both economic and reputational, of related opportunities. While essential for a reduction in global emissions, the shift associated with the transition to a net-zero economy can be disruptive to individuals and communities.
Potential risks include labour law violations, which can negatively impact worker recruitment and lead to reputation damage with customers. Failure to consider the societal impacts of the transition may also lead to increasing resistance and delays to climate action. Navigating a just transition with respect to human rights is therefore essential.
This session will examine how the steps taken against climate change can impact the workers and communities most affected by the transition to net-zero, including those in carbon-intensive sectors and emerging technologies. It will highlight best practice examples from companies who have made commitments in this space and include civil society voices to present the idea of a human right to a just transition.