The Asia Investor Group on Climate Change (AIGCC) will launch a working group on just transition in Q1 2025 to meet growing investor demand in this area. The just transition working group will focus on understanding what an effective just transition would look like across sectors and markets, particularly in emerging markets and developing economies (EMDEs), namely ASEAN, China, and India.
The working group will delve into the role that investors can play in bringing about a just transition, particularly through engagement with companies and policymakers, and through the development of climate-related investment strategies that incorporate social considerations, such as employment, worker rights, labour conditions, marginalized groups, community resilience and gender.
Anjali Viswamohanan, Director of Policy, AIGCC said:
“Decarbonising Asian economies and operationalising a just energy transition manifest differently across various economies and geographies in Asia. We recognise that there are different starting points for each market.
“Beyond a just energy transition, we also aim to prioritise investment decisions that foster gender equity and are gender inclusive. These elements build on the strong foundation and learnings from AIGCC’s work in just transition for the past two years, especially through corporate engagements between investors and companies. So, we are very pleased to formalise our work in a fully-fledged working group that will be AIGCC’s strategic focus in the coming year.
“Policy engagement will continue to be an important, complementary element to our ongoing engagements with energy companies, ensuring the right incentives exist in the overall economy. We encourage participation from AIGCC investor members who are keen to influence policy discussions on this topic.
“We look forward to continuing engagements between investors and policymakers that will facilitate a rapid, orderly and just transition that is essential for the prosperity and economic stability that investors, citizens and governments all want to see.”
Sylvia Chen, Head of ESG, South Asia, Amundi and co-chair of AIGCC’s Just Transition working group said:
“Through AIGCC’s Just Transition Working Group, we hope to foster companies’ decarbonisation efforts in a way that meaningfully includes and benefits the different stakeholders impacted by the transition to a low carbon economy. We are keen to see more companies’ detailed climate transition plans that are able to balance climate goals with social inclusion, ensuring that the journey to a low-carbon economy is people-centric.”
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The new just transition working group brings AIGCC’s total number of working groups to 10. AIGCC’s investor-led working groups allow members to participate in setting research and policy objectives for AIGCC while also growing expertise and knowledge in key areas of investor practice.
Learn more about the working groups.