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06 December 2023 / Quick Take
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Copy LinkCurrently only 3% of companies (90 overall) in the Russell 3000 discuss “environmental justice” in their public reports, and even fewer refer to the “just transition” in the shift to renewable energy. But corporate America’s focus will increase as more companies recognize the intersection between environmental and social issues.
While environmental justice (EJ) has been associated with remediating environmental practices that had a disproportionately negative effect on disadvantaged communities, expect the future focus to be on making sure that people are treated fairly in the shift to more sound environmental practices.
The shift to renewable energy in particular will raise significant questions about social and economic fairness. Companies can incorporate EJ in their activities in the workplace (their operations), the marketplace (especially their supply chains), and the public space (their community engagement, philanthropy, and government advocacy.)
Currently only 3% of companies (90 overall) in the Russell 3000 discuss “environmental justice” in their public reports, and even fewer refer to the “just transition” in the shift to renewable energy. But corporate America’s focus will increase as more companies recognize the intersection between environmental and social issues.
While environmental justice (EJ) has been associated with remediating environmental practices that had a disproportionately negative effect on disadvantaged communities, expect the future focus to be on making sure that people are treated fairly in the shift to more sound environmental practices.
The shift to renewable energy in particular will raise significant questions about social and economic fairness. Companies can incorporate EJ in their activities in the workplace (their operations), the marketplace (especially their supply chains), and the public space (their community engagement, philanthropy, and government advocacy.)
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