Toward a just transition: a compass for financial operators

The ecological transition is increasingly urgent: global warming is intensifying, extreme weather events are on the rise, and the scientific consensus on the causes and effects of the climate crisis is now undisputed. Yet, resistance and direct attacks against the transition are also becoming more widespread. At the same time, several other challenges are emerging: a growing share of the population holds skeptical or even denialist views, while socioeconomic inequalities and geopolitical tensions are also on the rise. In this context, it is crucial to address both environmental and social dimensions, to ensure the transition is not only effective and swift, but also fair. Financial actors play a key role in directing capital toward issuers and projects capable of generating positive impacts.

To explore the challenges and opportunities of the Just Transition process, the ItaSIF has published the paper “Towards a just transition: a compass for financial operators”, which outlines guidelines for incorporating the issue into investment, financing, and insurance decisions. The document is the result of a dedicated Working Group led by ItaSIF in collaboration with its Members and was presented during a dedicated event on 19 June 2025 in Milan.

The paper and the event are supported by CDP and Etica Sgr.

The Italian version of the paper is available here.