TPI Announces Global Climate Transition Centre

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    Stockholm (NordSIP) –  In advance of the Glasgow COP-26 due to start at the end of October, the Transition Pathway Initiative (TPI) announced an ambitious plan to establish a multi-million TPI Global Climate Transition Centre, based at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics.

    “This Centre will underpin the global climate transition directly empowering all investors to take action and judge climate performance through the same lens. It’s a critical component of the post-Glasgow COP financial infrastructure enabling investors to deliver on their commitments,” said Adam Matthews, Chair of TPI and Chief Responsible Investment Officer, Church of England Pensions Board.

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    “Information drives markets, and the independent freely-available insights from the TPI Global Climate Transition Centre will help markets clearly see which companies are serious about climate and which are not. It will enable climate factors to inform decision making as to whether company debt is refinanced as well as support investors to understand the risks and opportunities presented by sovereign debt. For wider society, it will bring transparency and accountability at scale to empower action,” Matthews added.

    The centre, unveiled at the London Stock Exchange will open in early 2022 , aims to produce research, including free and publicly available in-depth data on how 10,000 companies are aligning with a net-zero pathway and scrutinise corporate and sovereign bond issuers. The TPI also intends to work with the Net Zero Centre a new initiative that the Children’s Investment Fund Foundation (CIFF) is intending to support.

    “The decade ahead is going to be critical for tackling climate change and taking muchneeded steps towards net zero emissions. While the commitments made by investors, companies and policymakers so far are a step in the right direction, there is still considerable work to do if we are going to meet the goals of the Paris Agreement. This new centre from TPI will drastically increase the volume of independent company assessments that can be undertaken. In doing so, it will improve investors’ access to information on companies’ performance and their ability to undertake effective engagements, accelerating progress towards a net zero economy,” Stephanie Pfeifer, Chief Executive of IIGCC, concluded.

    As an indication of the growing importance of the work of TPI, BlackRock today announced it would be joining TPI as a supporter, taking TPI’s supporters to over 110 funds with USD $40 trillion in assets under management and advisement.

    Image courtesy of Lubos Houska from Pixabay
    Filipe Albuquerque
    Filipe Albuquerque
    Filipe is an economist with 8 years of experience in macroeconomic and financial analysis for the Economist Intelligence Unit, the UN World Institute for Development Economic Research, the Stockholm School of Economics and the School of Oriental and African Studies. Filipe holds a MSc in European Political Economy from the LSE and a MSc in Economics from the University of London, where he currently is a PhD candidate.
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