The transition to a decarbonized economy is a major accelerator of growth and of technological advancement in the energy industry, as well as it generates a positive environmental, social and economic impact. At a social level, the reduction in jobs in certain industry segments will be offset by new opportunities for employment and for the requalification of both individuals and communities.
We fully support the principles of a just transition so that no one is left behind, even in the short term, and we are aware of the social impact of our climate strategy,which represents a broader commitment in line with the Group’s approach to respecting human rights throughout the value chain, as also set out in our Human Rights Policy.
In 2019, we signed the United Nations letter of commitment to a just transition and to creating decent, “green” jobs by:
- promoting social dialogue with workers and their unions, respecting workers’ rights, encouraging social protection, and providing wage guarantees, in line with the standards of the International Labour Organization (ILO);
- working with suppliers that respect these standards, while contributing to the social and economic development of the local communities most exposed to the transition from fossil fuels to renewables.