Transition Pathway Initiative

About

Launch of the Transition Pathway Initiative at the London Stock Exchange

The Transition Pathway Initiative (TPI) was established as a joint initiative between the National Investing Bodies of the Church of England (the Church of England Pensions Board, Church Commissioners and CBF Church of England Funds) and the Environment Agency Pension Fund. Its initial development has been overseen by a Steering Group of asset owners from Europe and the US.

The TPI Steering Group, comprising representatives of the main funds involved in the initiative, is jointly chaired by:

  • Adam Matthews (Co-Chair), Head of Engagement for the Church Commissioners and Pensions Board & Secretary of the Ethical Investment Advisory Group (EIAG), The Church of England
  • Faith Ward (Co-Chair), Chief Responsible Investment and Risk Officer, Environment Agency Pension Fund

A dedicated Project Team has overseen the development of the TPI  assessment methodology and wider initiative in consultation with industry peers. The team members are:

  • Professor Simon Dietz, Co-Director of the Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science (LSE)
  • Carlota Garcia-Manas, Deputy Head of Engagement for the Church Commissioners and Pensions Board
  • Dr Rory Sullivan, independent consultant to the initiative

We have two partners:

FTSE Russell, a leading global provider of benchmarking, analytics and data solutions, is the data partner for the TPI.  The TPI uses a subset of FTSE Russell’s ESG Ratings, measuring over 4,000 companies’ environmental, social and governance controls and performance, to evaluate each company’s level in the TPI management quality framework.

The Grantham Research Institute on Climate Change and the Environment was established by the London School of Economics and Political Science in 2008 to create a world-leading centre for policy-relevant research and training on climate change and the environment. We are the academic partner to the TPI, developing the assessment framework and hosting the online tool on our website.

The assessment work of the TPI is guided by a Technical Advisory Group comprising expertise from academia, asset management and other relevant fields.  The Advisory Group undertakes regular reviews of the methodology and provides the London School of Economics Grantham Research Institute and TPI Steering Group with technical advice as to its evolution.

A more detailed introduction to The Transition Pathway Initiative is available here:

Introducing The Transition Pathway Initiative [PDF]