Transition Pathway Initiative (TPI)

General

Name of initiative Transition Pathway Initiative (TPI)
LPAA initiative No
NAZCA Initiative No
Website address https://transitionpathwayinitiative.org/
Related initiatives
Starting year 2017
End year
Secretariat The secretariat is provided by the Principles for Responsible Investment (PRI) from their London office, email tpi@unpri.org .

The researchers are based at the Grantham Research Institute at the London School of Economics tpi@lse.ac.uk

Organisational structure The organisation was formed by the Church of England Pensions Board and the Environment Agency Pension Fund, both of whom are based in the UK. However, the TPI is a global initiative that has supporters all over the world.

TPI is governed by a Steering Group, which consists of representatives from asset owners, TPI’s academic partner (the Grantham Research Institute on Climate Change and the Environment based at the London School of Economics), TPI’s data partner (FTSE Russell), and TPI’s secretariat (The Principles for Responsible Investment, PRI). The Group meets on a monthly basis approves the annual budget and business plan and monitoring project performance against them. For more information please see here: https://www.lse.ac.uk/GranthamInstitute/wp-content/uploads/2020/03/TPI-Governance-Shorter-Version.pdf The development of the TPI assessment methodology is overseen by a Technical Advisory Group, comprising expertise from academia, asset management and other relevant fields. The Group undertakes regular reviews of the methodology and provides technical advice on its evolution. For more information please see: https://www.transitionpathwayinitiative.org/technical-advisory-group

Geographical coverage Global
Name of lead organisation Transition Pathway Initiative (TPI)
Type of lead organisation Other
Location/Nationality of lead organisation United Kingdom

Description

Description To provide robust, independent research that (a) empowers investors to assess the alignment of their portfolios with the goals of the Paris Agreement and (b) drives real world emission reductions, through our actions and those of our supporters
Objectives TPI was established as an initiative to enable asset owners to hold their agents (investment managers), service providers and the companies that they invest in to account, through providing objective, independent assessments of how the world’s largest emitting companies are adapting their strategies to align with international climate goals.
Activities To deliver on its aims, TPI:

• Evaluates and tracks the quality of companies’ governance/management of their greenhouse gas emissions and of risks and opportunities related to the low-carbon transition. • Evaluates how companies’ current and future Carbon Performance might compare to the international targets and national pledges made as part of the UN Paris Agreement. • Publishes the results of this analysis through an online tool that is publicly available and free to use. • Produces sectoral reports (energy, transport, industrials and other materials) and annual report on the State of Transition. • Holds annual summit and organises events to present insights from the sectoral reports, and to stimulate a discussion on key research areas (incl. corporate bonds).

One or two success stories achieved

Monitoring and Impacts

Function of initiative
Activity of initiative
Indicators
Goals TPI was established as an initiative to enable asset owners to hold their agents (investment managers), service providers and the companies that they invest in to account, through providing objective, independent assessments of how the world’s largest emitting companies are adapting their strategies to align with international climate goals.
Comments on indicators and goals
How will goals be achieved
Have you changed or strenghtened your goals
Progress towards the goals "• Winner of the 2020 ‘ESG Assessment Tool of the year’ award at the Sustainable Finance Awards hosted by Environmental Finance: https://www.transitionpathwayinitiative.org/publications/42?type=NewsArticle

• 2020 PRI Award for ESG Incorporation of the Year for the FTSE TPI Climate Transition Index • 2018 the Driving Change Through Education, Training & Academia award for the Grantham Research Institute on Climate Change and the Environment (GRI) at the LSE for its work on the TPI by Finance for the Future Awards: https://www.transitionpathwayinitiative.org/publications/15?type=NewsArticle

How are you tracking progress of your initiative
Available reporting

Participants

Participants Number Names
Members 10  
Companies 0
Business organisations 4 Grantham Research Institute (United K.),  Principles for Responsible Investment (United K.),  London School of Economics and Political Science (United K.),  Principles for Responsible Investment (United K.)
Research and educational organisations 0
Non-governmental organisations 0
National states 0
Governmental actors 0
Regional / state / county actors 0
City / municipal actors 0
Intergovernmental organisations 0
Financial Institutions 6 Aberdeen Standard Investments (United K.),  BNP-Paribas (United K.),  Legal & General Investment Management (United K.),  Robeco (Netherlands),  Neuberger Berman (USA),  Marshall Wace (China)
Faith based organisations 0
Other members 0
Supporting partners 0
Number of members in the years
Have only national states as participators No


Theme

Transport Agriculture Forestry Business Financial institutions Buildings Industry Waste Cities and subnational governments Short Term Pollutants International maritime transport Energy Supply Fluorinated gases Energy efficiency Renewable energy Supply chain emission reductions Adaptation Other Resilience Innovation Energy Access and Efficiency Private Finance
No No No Yes Yes No No No No No No No No No No No No No No No No No
Last update: 2 July 2021 10:25:06

Not only have national states as participators