Just and fair transition

Our commitment to a just and fair transition underpins our approach to creating sustainable value.

A just and fair transition is a critical pillar of our global climate strategy as a majority of our businesses are operating in communities most vulnerable to the impact of climate change.

Unavoidably, the burden of a carbon footprint falls heavily on regions where available resources to tackle this problem are scarce. Moreover, deploying available technologies to curb emissions is often more difficult, disruptive and expensive in those economies that are least responsible for global warming.

The decarbonisation pathways of our portfolio companies have to be shaped in the operational context of high-growth markets like India, South Africa and Brazil, where we have strategically allocated our capital to support local entrepreneurs in building digital tech companies. The objective of climate action is clear – net zero – but we must ensure such a societal transition happens in a just and fair way to have a chance of being successful.

Find out more about our position on just and fair transition in the below short-form white paper. For a detailed account of the discussion, please see the long-form white paper.