Transition Pathway Initiative

Quotes

Comments and endorsements on the Transition Pathway Initiative – including those from leading figures in the investment community, business and the UN.

 

“For some years, Wespath Benefits and Investments…has recognized the transition underway to a low-carbon global economy and the need for us to understand the long-term trends affecting our investments.  We will use our leadership position to influence other North American funds and investors to use the TPI in analysing their portfolios.”

Barbara Boigegrain, CEO and General Secretary of Wespath Benefits and Investments

 

 

 

 

“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 TPI brings transition risk to life for asset owners and asset managers. As well as allowing investors to objectively compare the progress of companies towards a low-carbon economy, the tool highlights the work governments still need to do to align public policy to the two-degree target agreed in Paris.”

Professor Simon Dietz, Professor of Environmental Policy, Grantham Research Institute on Climate Change and the Environment

 

 

 

 

“The Transition Pathway Initiative provides a useful framework for setting stretching but feasible corporate engagement objectives on climate change. We have already piloted this approach in our engagement with coal-exposed companies.”

Bruce Duguid, Director, EOS, Hermes Investment Management

 

 

 

 

 

“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.”

Patricia Espinosa, Executive Secretary of the UN climate convention (UNFCCC)

 

 

 

 

 

“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 provides a tool for us to do this and as a result will allow us to make better informed investment decisions improving financial returns for our members and beneficiaries.”

Elizabeth Fernando, Head of Equities at USS

 

 

 

 

 

“BNP Paribas Investment Partners is very pleased to be among the asset managers that actively support the Transition Pathway Initiative. It is important for asset managers to partner with asset owners, as by doing so we are able to send a unified message to companies regarding our expectations of them as they position themselves for the transition to a low-carbon economy.”

Frédéric Janbon, CEO, BNP Paribas Investment Partners

 

 

 

 

“This initiative fills an information gap and will help us and other investors to make more informed investment decisions. We are pleased to be involved at this early stage in the development of TPI, an initiative well in line with the AP1’s sustainability strategy.”

Johan Magnusson, Chief Executive of AP-Fonden 1

 

 

“The launch of the TPI highlights the growing momentum among asset owners to consider the economic implications of the transition towards a low-carbon economy into their stewardship and investment processes.  FTSE Russell has long been a pioneer in ESG and sustainable investing and we are delighted to have been chosen by the TPI as the data and analytics partner for this exciting initiative.”

Mark Makepeace, CEO of FTSE Russell

 

 

 

“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 of the Initiative and Head of Engagement for the Church Commissioners and CofE Pensions Board

 

 

 

“IIGCC welcomes the launch of the Transition Pathway Initiative. As investors seek to help drive the changes required to implement the Paris Agreement, it is great to see new tools emerging that asset owners and managers can employ to assess climate transition risk.“

Stephanie Pfeifer, CEO of the Institutional Investors Group on Climate Change

 

 

“As a recognised leader in engaging with companies, LAPFF’s participation in the Transition Pathway Initiative will enhance demonstrating the progress of our engagements on carbon risk with high impact companies on the necessary transition to a low carbon economy.”

Kieran Quinn, Chair of the Local Authority Pension Fund Forum

 

 

 

 

 

“Climate change poses an unprecedented risk to investments. For the sake of portfolios – and the planet – it is important that asset owners take action now. That’s why we at UN Environment welcome the Transition Pathway Initiative and the leadership of the asset owners backing it. Building on Paris commitments, it is another step on the transition to a low-carbon economy.”

Erik Solheim, Head of UN Environment

 

 

 

 

“The Transition Pathway Initiative is an important step forward in the necessary route towards lower carbon intensity. A large gap currently exists between governmental commitments on emissions made in Paris in 2015 and the preparations of companies to help meet those challenges. The TPI will provide a useful tool for us as investors to gauge how effectively companies are addressing the sustainability of their business plans.”

Euan Stirling, Head of Stewardship and ESG Investment at Standard Life Investments

 

 

“The Transition Pathway Initiative is a significant intervention by church asset owners and others. It will enable us to have a new conversation with companies based on a rigorous understanding of where they sit on the transition to a low-carbon economy, and to follow through on the commitments we have made in our climate change policy.”

Sir Andreas Whittam Smith, First Church Estates Commissioner of the Church Commissioners for England