---
title: Just Transition
date: 2024-03-27T13:21:06Z
modified: 2025-09-09T12:17:47Z
permalink: "https://chancerylaneproject.org/glossary/just-transition/"
type: glossary-term
status: publish
excerpt: ""
wpid: 1309
---

## Definition

**Just Transition** means a transition to decarbonise that is fair, transparent, equitable and inclusive for all stakeholders, including by creating quality jobs, facilitating social inclusion and social safeguards, and aiming to eradicate poverty.

**Just Transition** means that before implementing [Mitigation Measures](https://chancerylaneproject.org/glossary/climate-change-mitigation-measures/), \[the Company OR Party\] will do all of the following:

(a) conduct a risk assessment of the proposed measure(s) on affected stakeholders, including its employees, value chain partners and their workers, and communities impacted by its business activities;

(b) consult the affected stakeholders; and

(c) implement measures that will avoid, or if not possible, mitigate any negative outcomes caused by the Mitigation Measures.

**Just Transition** **of the Workforce** means addressing existing and potential social and economic inequalities that affect a workforce as an organisation decarbonises. This can include one or more of the following:

(a) consulting employees and/or trade unions to understand their concerns and priorities;

(b) training employees in new skills and work practices;

(c) providing financial compensation for job losses or other inequalities that may arise; and/or

(d) helping employees relocate to access replacement work.

**Transition Finance** means financial assistance (such as loans or other financial products) that supports the \[Just Transition\] of organisations in carbon-intensive sectors or sectors that face high decarbonisation costs.