How asset managers fit in the 'Just Transition'

An important but limited role

Kathleen Gallagher
clock • 4 min read

Many industry participants and experts see an important role for the investment industry to step up and play a part in the social injustice that is inextricably linked to climate change.

However, that role has limits and Ben Caldecott, director of the UK Centre for Greening Finance and Investment (CGFI), warned it is heavily dependent on the outcome of government negotiations. The ‘Just Transition' has been reiterated an overwhelming number of times at COP26. A global understanding for this term was established by the International Labour Organization in 2015. The agency describes the just transition as a process "towards an environmentally sustainable economy," which "needs to be well managed and contribute to the goals of decent work for all, social inclusion and th...

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