Writing for the Center for Strategic and International Studies and the Just Transition Initiative, IRI Director David Wood, and IRI Research Fellow Andre Almeida Santos, provide the case of theFonds de solidaritéas a model for investors to engage on a Just Transition. While the labor and climate movements are engaged in more direct efforts, “financial conventions tend to keep investors at the margins of transformative engagement”. Lifting up the model of the Fonds for investors, they point to a number of ways investors can effectively support a just transition:
- Leading on multi-sector dialogue to map the potential impacts of energy transition for the local workforce
- Holding a summit for a Just Energy Transition which brings together the public sector, labor, business, and community groups;
- Making an action plan for the fund including divest/invest opportunities to support clean energy and clean energy jobs.
What questions should investors ask about energy investments today? What risks are present in the energy sector as the demand for a greener and more just world grows? A new IRI report authored by David Wood and Vonda Brunsting, Investor Expectations on the Just Transition: Publicly Traded Energy, summarizes research by the IRI, in collaboration with the ICCR, which identifies key concerns and expectations of investors. Drawing on research which culminated in a December, 2019 convening at the Harvard Kennedy School that brought together publicly traded utilities, shareholders, labor representatives, and environmental activists to work towards better understanding of the role investors can play in moving utilities towards a more just and green energy system, this report is a useful brief for investors and publicly traded utilities.
JeanneMartin25BREAKING: A coalition of 15 institutional investors representing $2.4 trillion in assets & 117 individual investors, coordinated by @ShareAction, have filed a climate resolution at Europe's second largest fossil fuel financier @HSBC 🔥
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