Involving Diverse Stakeholders for a Just Transition
Please register/log in to view this content
Many companies now recognise the importance of climate action. To maintain a license to operate, attract talent and access new business opportunities, every UK company must work towards net zero and climate resilience. They must rethink business models, reassess what they reward and redefine value.
This transition also has huge potential to reduce inequalities across employment, race, gender, age, health, and wellbeing. In addition, tackling inequality gives us the best chance of creating lasting solutions to the climate crisis.
Business in the Community (BITC) encourages all companies to set a commitment and create a climate action plan. It is up to individual companies to decide when and how they involve stakeholders. Stakeholder involvement is essential to ensure that plans are designed and delivered in ways that create benefits for people and nature.
This factsheet outlines why businesses must design a fair and inclusive future with diverse stakeholders to achieve these benefits and a net zero future. It also explains how to identify and prioritise diverse stakeholders and how to ensure that you are involving them in your plans.
Business in the Community’s work on climate action
By 2030 the UK needs to have delivered on its commitment to limit global warming to 1.5°C. This is something many consider only possible by achieving a net zero carbon economy. Business in the Community (BITC) is helping organisations address climate change. This is part of future-proofing businesses, so they prosper in this changing world.