Just transition: People & communities along for net-zero carbon economy

Presented by

UNEP FI, BMO, Grantham Research Institute, ILO

About this talk

The transition to a net-zero economy that leaves no one behind places social issues at the heart of the agenda. The transition to a low-carbon economy will not only affect economies and businesses but will have far-reaching impact on communities and workers affected by job losses, stagnant wages, and new work dynamics. The Covid-19 Pandemic underscored the importance of social equity and economic stability and only brought forward the need for building resilience and collective action to deal with systemic risks and inequalities including climate change. This webinar looks at the dimensions of a “just transition” framework, the financial sector’s approach to the discussion with stakeholders across different sectors, and how can we build a stronger inclusive and equitable future with decent work that is sustainable and addresses systemic risk and injustice. Speakers: Rani Pooran, BMO Financial Group, Senior Advisor, Office of Inclusion Whitney McWade, BMO Financial Group, Senior Advisory, Sustainability Strategy Nick Robins, Grantham Research Institute on Climate change and the Environment, Professor of Practice in Sustainable Finance Patricia Richter, International Labour Organization (ILO), Senior Technical Officer, Social Finance Programme Moderator: Layalee Ramahi, UNEP Finance Initiative

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United Nations Environment Programme Finance Initiative (UNEP FI) is a partnership between United Nations Environment and the global financial sector created in the wake of the 1992 Earth Summit with a mission to promote sustainable finance. More than 240 financial institutions, including banks, insurers, and investors, work with UN Environment to understand today’s environmental, social and governance challenges, why they matter to finance, and how to actively participate in addressing them. UNEP FI’s work also includes a strong focus on policy – by facilitating country-level dialogues between finance practitioners, supervisors, regulators and policy-makers, and, at the international level, by promoting financial sector involvement in processes such as the global climate negotiations.