Electric utilities are making efforts for a just transition, but have room for improvement

The global transition to a well-functioning low-carbon economy can only be successful if it is socially just – that is, if the people at the heart of the current carbon-intensive systems are identified and engaged as agents of change. The 50 keystone electric utilities assessed in the benchmark were also evaluated in WBA’s 2021 pilot Just Transition Assessment. The results show that they are on average more advanced than the oil and gas and automotive companies in working towards a just transition. However, there is still wide disparity between the efforts and considerable room for improvement.