The Fourth Swedish National Pension Fund (AP4), supports the Transition Pathways Initiative (TPI) together with 12 other leading international asset owners (including its sister funds AP1 and AP3) and 5 asset managers, which together weigh more than €2.3 trillion. This initiative is led by the Church of England’s National Investing Bodies and the Environment Agency Pension Fund in partnership with the London School of Economics (LSE) and the Grantham Research Institute on Climate Change and the Environment. Its goal is to analyze and help others understand how companies are transitioning to a low-carbon economy.
The preliminary results are already published on the oil and gas and electricity utilities sectors. According to Adam Matthews, Co-Chair of TPI, in the initiative’s official press release, “The Transition Pathway Initiative is a tipping point for the market. […] There can be no doubt about the seriousness with which asset owners are taking account of [climate transition] risks and it will be a key feature in the discussions we will be having with companies over the coming years.”
