Log in

Paris Aligned Asset Owners group grows to $1.9 trillion as ABP, National Trust, TPT & others join

News | Updated: 08.06.21 Share this:
TPT Retirement Solutions

With $1.9 trillion of assets committed, this initiative represents a significant moment on the road to a net zero future. This is a major step by asset owners to lay out commitments for the goal of net zero emissions by 2050 or sooner. 

As asset owners, we must play our part in helping to deliver the goals of the Paris Agreement and ensure a just transition. We are delighted to become part of the Paris Aligned Asset Owners group as part of our commitment to this goal. 

Cliff Speed, Chief Investment Officer at TPT, said:

 Climate change represents a systematic risk to the long-term value of our investment portfolio and has the potential to reduce the security of our members’ retirement benefits. At the same time, the investment required to transition to a net zero economy presents a significant opportunity to support the expansion of climate solutions.

 Making a commitment to transition our portfolio to net zero by 2050 or sooner and becoming a signatory to the Paris Aligned Investment Initiative, Net Zero Asset Owner Commitment, signals we will continue to allocate capital to sustainable businesses, consistent with our investment objectives.

Learn more >

Related news & insights

TPT announces that it will invest £54 million into private equity through its defined contribution (DC) Master Trust default target date funds.
TPT Retirement Solutions
https://www.tpt.org.uk/Sitefinity/WebsiteTemplates/PensionsDefault/App_Themes/PensionsDefault/images/logo.png
Read More
TPT has been granted Master Trust authorisation from The Pensions Regulator (TPR).
TPT Retirement Solutions
https://www.tpt.org.uk/Sitefinity/WebsiteTemplates/PensionsDefault/App_Themes/PensionsDefault/images/logo.png
Read More
Tom Neale, Head of IRM at TPT Retirement Solutions responds to The Pensions Regulator's 2019 annual funding statement.
TPT Retirement Solutions
https://www.tpt.org.uk/Sitefinity/WebsiteTemplates/PensionsDefault/App_Themes/PensionsDefault/images/logo.png
Read More