A compendium of just transition metrics

Published on June 14, 2024

As a just transition becomes increasingly accepted by business as a strategic goal, the focus is shifting towards granular sector- and institution-specific targets. These targets mean it is possible to develop metrics to measure progress and evaluate whether the social dimensions of climate action are indeed being managed as a fiduciary responsibility by the financial world. 

In 2024, the Just Transition Finance Lab, as co-chair of the UK Transition Plans Taskforce’s Just Transition Working Group, provided an independent advisory paper on the “how” and “what” of just transition metrics, in the UK’s and global efforts of putting people at the heart of transition planning

To support issuers develop transition plans with just transition metrics, we provide an interim just transition metrics compendium that issuers are starting (or due to start) reporting on. These metrics are extrapolated from a total of 13 prominent market-specific financial disclosure frameworks, global voluntary disclosure frameworks, and market-specific just transition/environmental justice provisions. It shows how existing metrics are sufficient for issuers to demonstrate their consideration of the just transition in their transition planning. We do not need to reinvent the wheel.  

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This mapping exercise is iterative, and we seek to update this mapping regularly in line with the latest global disclosure developments. Similarly, we welcome any suggestions, inputs, and latest insights on how to strengthen robust just transition metrics, and how to further encourage adoption of just transition planning so that real change takes place.  

For questions regarding the mapping exercise, its methodology, or its results, we encourage you to get in touch with the Just Transition Finance Lab (gri.jtfl@lse.ac.uk).