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 the Centre’s strategic direction and oversees research programmes and operations. The Centre is the academic partner of Transition Pathway Initiative (TPI), a global investor initiative, led by asset owners. The Centre offers independent, rigorous research and data on corporate, bank and sovereign entities to assess their progress in the transition to a low-carbon economy. Carmen also sits on the management committee of LSE’s Global School of Sustainability.
Background
Prior to joining the Centre in 2023, Carmen served as Head of Fixed Income at the Principles for Responsible Investment (PRI), where she led workstreams on ESG integration in credit risk and ratings and across sovereign, sub-sovereign, private and securitised debt. Her career sustainable economics and finance spans more than a decade, underpinned by long-standing experience in economic and market analysis research dating to 1993. She began her career at Salomon Brothers, holding subsequent roles at Citigroup, ShareAction and Morgan Stanley.
She is currently part of the UK Transition Finance Council and a member of both the Global Advisory Committee and the Technical Working Group of the PRI Collaborative Sovereign Engagement on Climate Change. She holds an Observer role with the Principles of the International Capital Market Association (ICMA).
Carmen holds a Laurea cum laude in Political Science with a major in Economics from La Sapienza University and a Ph.D. in Capital Markets and Business Finance from the University of Bergamo. During her doctoral studies, she was a Visiting Scholar at NYU 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.