TPI to partner with Principles for Responsible Investment (PRI)


The PRI and the Transition Pathway Initiative (TPI) are delighted to announce a partnership that will see the PRI provide support and secretariat services to TPI.

TPI was launched at an event held at the London Stock Exchange in January 2017 as an asset owner led initiative that seeks to track the carbon performance and carbon management quality of companies in key carbon intensive sectors. To date, 138 companies across seven high-impact sectors have been assessed with data provided by FTSE Russell and analysed by the London School of Economics Grantham Research Institute.

TPI has attracted the support of asset owners and funds with over £6 trillion in Assets Under Management and is rapidly becoming the macro framework through which asset owners can assess how companies are transitioning to a low-carbon economy. The PRI will be providing a secretariat to support the work of the TPI as well as providing opportunities for PRI signatories to access TPI analysis.

TPI will continue to be chaired by Adam Matthews, of the Church of England Pensions Board and Church Commissioners and Faith Ward on behalf of the Environment Agency Pension Fund (part of the Brunel Pensions Partnership). It will also be overseen by an international Asset Owner Steering Group. TPI provides a free to use, industry sector based, climate transition assessment tool for asset owners. The tool is provided by and available on the Grantham Research Institute website.

Commenting on the partnership, Faith Ward, TPI Co-Chair said: ”The partnership between TPI and PRI will provide us with the infrastructure to make the most of the great analysis and support a wider group of investors to get to grips with the climate transition risk.”

Nathan Fabian, PRI Director of Policy and Research said: ”Support for asset owners to manage climate transition is among PRIs highest priorities. Partnering with TPI will help us to do a better job for our signatories.”

Adam Matthews, TPI Co-Chair said: “This development will build upon our existing partnership with FTSE Russell and the London School of Economics Grantham Research Institute. PRI will significantly strengthen TPI’s capacity and reach as we continue to roll out the global macro framework assessing company transition to a low carbon economy. We are delighted to be working with PRI and excited by the prospects of this partnership.”

David Harris, FTSE Russell’s Group Head of Sustainable Business said: “We welcome the strengthening of collaboration and engagement between institutional investors, global organisations such as the PRI and companies regarding the transition to a low-carbon economy. Through its partnership with TPI, FTSE Russell is delighted to bring to provide the necessary data building blocks to enable analysis of this economic transition.”