KPMG survey climate change risks

The Transition Pathway Initiative is an asset owner-led initiative, supported by asset managers and owners with over £2 trillion assets under management. The initiative proposes an analytical framework for understanding how companies are preparing for the transition to a low-carbon economy. It:

  • Evaluates and tracks the quality of companies’ management of their greenhouse gas emissions and of risks and opportunities related to the low-carbon transition; and
  • Evaluates how companies’ future carbon performance would compare to the international targets and national pledges made as part of the Paris Agreement.

TPI is encouraging investors to use the quality indicators to inform their :

  • Investment Research;
  • Decision-making;
  • Company Engagement; and
  • Shareholder Voting

Manifest: Supporting the TPI with actionable analysis

Timeliness, consistency and accuracy of disclosed data and definitions is essential to ensure an actionable voting position. To help investors with their adoption of the TPI, each of the TPI questions has been mapped to and integrated with the Manifest Say on Sustainability Research and Voting Guidelines.

Manifest undertakes a Say on Sustainability analysis for client portfolio holdings at AGM time based on publicly available materials. Manifest’s Say on Sustainability data set includes carbon emissions and target data disclosed to shareholders. In addition to annual profiles with relevant five year trend data across the entire range of investable industries, clients can use the Say on Sustainability framework to create custom voting guidance, as well as screen the portfolio for sustainability governance risk.

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Last Updated: 13 March 2017