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New research shows only two large oil & gas companies have long-term, low-carbon ambitions
Carbon Performance Assessment in Oil and Gas: Discussion paper
“I applaud the new Transition Pathway Initiative and its founding members. It represents yet another potentially powerful way of aligning real-world global investments with the real-world urgency of meeting the goals, aims and aspiration of the Paris Climate Change Agreement.” Executive Secretary of the UN climate convention (UNFCCC)
Patricia Espinosa
Executive Secretary of the UN climate convention (UNFCCC)
“Businesses should be able explain to investors how they plan to manage climate change risks, invest and innovate on the way to the zero-carbon economy of the future. With the launch of the Transition Pathway Initiative, asset owners from around the world are sending a strong signal that portfolios will align in the future with companies that are taking the transition to a low carbon economy seriously.”
Emma Howard Boyd
Chair of the Environment Agency
“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 these risks and it will be a key feature in the discussions we will be having with companies over the coming years.”
Adam Matthews
Co-Chair Transition Pathway Initiative and Director of Ethics and Engagement for the Church of England Pensions Board
"As a long-term investor, USS wants to be able to assess how companies are managing climate change and the risk it poses to their business. The TPI enables us to do this and will allow us to make better informed investment decisions, improving financial returns for our members and beneficiaries.”
Elizabeth Fernando
Head of Equities, USS