BT Pension Scheme (UK), Macquarie Group (AU) and National Trust (UK) are latest members to join award-winning initiative, helping collective assets supporting TPI reach over $20 trillion
TPI also releases ‘TPI in Practice’ case studies, showcasing how investors such as USS (UK), Pinebridge (US) and Länsförsäkringar (SE) are using TPI data in their investment process.
Providing investors with “comprehensive, rigorous and impartial climate data on some of the world’s highest emitting listed companies”, is driving continued interest in TPI, says Co-Chair Faith Ward.
Just three years after its formation the Transition Pathway Initiative (TPI) celebrated the collective assets of its supporters surpassing $20 trillion this month.
TPI, which was recently named ESG assessment tool of the year, made the announcement while welcoming its latest members including UK pension fund BT Pension Scheme and Australian investment bank Macquarie Group.
TPI also released a new book of case studies to demonstrate how investors are currently using TPI data in their investment process – including integrating the data into their risk management frameworks, using it to shape engagements or approaches to proxy voting. Investors featured in the booklet include: Brunel Pension Partnership, Robeco, USS, Pinebridge, Länsförsäkringar, and the Church of England Pensions Board.
The latter have used TPI data to inform the creation of the ‘FTSE TPI Climate Transition Index’, the first-ever equity index to enable passive funds to capture company alignment with climate transition and which was awarded the 'ESG incorporation initiative of the year
' award by the UN-supported Principles for Responsible Investment earlier this month.
Faith Ward, Co-Chair of TPI and Chief Responsible Investment Officer at Brunel Pension Partnership said,
“Passing the $20 trillion milestone is significant and shows that TPI is rapidly becoming the world’s leading gauge of corporate progress on the low-carbon transition. TPI is committed toproviding investors with comprehensive, rigorous and impartial climate data on some of the world’s highest emitting listed companies and that is becoming an ever-more critical part of mainstream investment risk management as the climate crisis continues and the world prepares for next years’ COP26 climate summit. “
TPI data is produced by its research partners: the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and its data partner FTSE Russell. TPI also benefits from the support of its Research Funding Partners: Aberdeen Standard Investments, BNP-Paribas Asset Management, Legal & General Investment Management, Robeco and Neuberger Berman. All TPI members are listed publicly on the TPI website
Notes to editors
For more information or exclusive interviews with the TPI team please contact:
Ellie Kilbride, ESG Communications
TPI is a global initiative led by Asset Owners and supported by Asset Managers. Established in January 2017, TPI now has over 80 supporters
with c. $22 trillion of combined Assets Under Management and Advice. Using publicly disclosed data, TPI assesses the progress that companies are making on the transition to a low-carbon economy, supporting efforts to mitigate climate change:
· In line with the recommendations of TCFD
· Providing data for the Climate Action 100+ initiative
All TPI data are published via an open-access online tool