Professor Carmen Nuzzo
About
Carmen is Professor in Practice and the Executive Director of the TPI Global Climate Transition Centre (TPI Centre), which she joined in May 2023.
Carmen leads on setting and delivering the TPI Centre’s strategy, as well as overseeing its research and operations. The TPI Centre conducts independent, rigorous research and offers publicly available data on corporate, bank and sovereign entities to assess their progress in the transition to a low-carbon economy. It is part of the Global School of Sustainability.
Background
Carmen is a macroeconomist with over 20 years of experience in economic and market analysis research in the financial industry on the sell-side. She started her career as a sovereign analyst in the research department of Salomon Brothers in 1993, with subsequent roles at Citigroup and Morgan Stanley, and a stint in the not-for profit ShareAction. During her time in investment banking, Carmen contributed to regular flagship bank publications, and supported in-house and external clients across a range of financial assets, with high-frequency data forecasting, economic, scenario and policy analysis.
Prior to joining the TPI Centre, Carmen was Head of Fixed Income, in the Investment Practice department at the United Nations-supported Principles for Responsible Investment (PRI). She was responsible for the workstreams aiming at incorporating environmental, social and governance (ESG) considerations in sovereign, sub-sovereign, securitised products and private debt instruments, as well as leading on the ESG in credit risk and ratings initiative, one of the largest PRI’s investor collaborative programmes.
Carmen holds a Laurea cum laude in ‘Political Science’ (major economics) from La Sapienza University in Rome and a Ph.D. in ‘Capital Markets and Business Finance’ from the University of Bergamo. During her Ph.D course, she was a visiting scholar at the N.Y.U Stern Business School.
Research
Research interests
- Sustainable Finance
- Climate Risk Measurement and Management
- Capital market mobilisation for sustainable growth and business models
Engagement and impact
Podcasts and videos
In this episode, Dr Carmen Nuzzo spoke to Responsible Investor deputy editor Elza Holmstedt Pell about where the companies that the TPI Centre assesses are improving and where there are blind spots.
In this episode of the Sustainability Story podcast by the CFA Institute, Dr Carmen Nuzzo spoke with host Nicole Gehrig about the TPI Centre's mission and how investors can leverage the TPI tools to assess sustainability efforts and make informed decisions in their investment strategies.
View the recording of the launch event of the State of the Corporate Transition 2025 report, which analyses the status, trends and patterns in the latest Carbon Performance and Management Quality results assessed by the TPI Centre. The report's highlights were presented by Professor Simon Dietz, Research Director, TPI Centre and Professor of Environmental Policy, Department of Geography, LSE. A panel discussion followed, moderated by Dr Carmen Nuzzo, addressing the implications of these results for investors, companies, data providers and policymakers, with a focus on the credibility of transition plans.
