On the go: The Transition Pathway Initiative has launched the TPI Global Climate Transition Centre, which will boost independent company assessments from 400 to 10,000.
The multimillion-pound funded centre, which was announced at the opening of the London Stock Exchange in advance of COP26 on Tuesday, is set to open in early 2022 and will provide in-depth data on 10,000 companies and how they are aligned with a net-zero pathway.
The centre will be based at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science.
According to TPI, the initiative is backed by investors with a combined $40tn (£29tn) of assets under management or advisement, including BlackRock, which has joined as a supporter.
Adam Matthews, chair of TPI and chief responsible investment officer of the Church of England Pensions Board, said: “Information drives markets, and the independent, freely available insights from the TPI Global Climate Transition Centre will help markets clearly see which companies are serious about climate and which are not.
“It will enable climate factors to inform decision-making as to whether company debt is refinanced, as well as support investors to understand the risks and opportunities presented by sovereign debt. For wider society, it will bring transparency and accountability at scale to empower action.”
The TPI, an asset owner project, was set up in 2017 to assess companies’ response to climate change.
