Phoenix Group becomes new board member of Transition Pathway Initiative

Written by Adam Cadle

07/02/2023

Phoenix Group has joined the asset owner-led board of the Transition Pathway Initiative (TPI).

By becoming a supporter, Phoenix Group has committed to using the TPI tool and its findings on how prepared companies are for the transition to a low carbon economy, within its decision-making. This addition brings the assets under management and advice of TPI’s investor supporters above $50trn. The TPI board comprises asset owners from Europe, the US and Australasia.

This milestone follows the opening of the Transition Pathway Initiative Global Climate Transition Centre (TPI Centre) in November at the Grantham Research Institute at the London School of Economics. The TPI Centre intends to be a key part of the post-COP26 financial infrastructure to drive greater transparency and accountability for corporate commitments to net zero and to support those seeking to raise capital in public markets.

Sindhu Krishna, head of sustainable investments, Phoenix Group, commented: “Decarbonisation objectives are central to our investment strategy in order to manage risks and opportunities arising from the transition to low carbon economy. In becoming a member and joining the board of the TPI, it will allow us to continue to pursue our science based approach to decarbonising our portfolio whilst helping others across a number of sectors to do the same. We are excited to work with fellow TPI members, sharing insight and opportunities to achieve a low carbon future. ”

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