Global investment firm Invesco announced today that it has joined two ESG initiatives, the Transition Pathway Initiative (TPI), and One Planet Asset Managers (OPAM). Invesco is a leading investment management firm, with over $1.2 trillion in AUM.
Glen Yelton, Head of ESG Client Strategy, North America for Invesco, said:
“Invesco believes that ESG investing is an essential part of the solution to creating a sustainable future and by joining the Transition Pathway Initiative (TPI) and the One Planet Asset Managers (OPAM) Initiative we reconfirm our commitment to ESG investing for the long term.”
The Transition Pathway Initiative is a global initiative led by asset owners and supported by asset managers that assesses companies’ preparedness for the transition to a low-carbon economy and supports efforts to address climate change. TPI provides independent research enabling investors to assess the alignment of their portfolios with the goals of the Paris Agreement and to drive real world emission reductions. Since its establishment in 2017, 90 investors globally representing assets of nearly $23 trillion have pledged support for the TPI.
“Understanding our ability to transition to a low carbon economy is a primary goal at Invesco and we believe that membership in TPI will reinforce our commitment to addressing the challenges of climate change and accelerate our progress.”
The One Planet Asset Managers (OPAM) initiative which aims to support the members of the One Planet Sovereign Wealth Funds (OPSWF) in their implementation of the OPSWF Framework. OPSWF was established in 2017 with the aim of accelerating efforts to integrate financial risks and opportunities related to climate change in the management of large, long-term asset pools.
“By joining the OPAM initiative, I am looking forward to actively collaborating within the One Planet Sovereign Wealth Funds (OPSWF) Framework and engaging with other asset managers to further the objectives set out in the Framework. By doing so, we hope to accelerate the understanding and integration of the implications of climate-related risks and opportunities within long-term investment portfolios by sharing investment practices, expertise and research.”
Invesco has a history of supporting ESG investing and sustainability-related investment initiatives. Earlier this year, Invesco joined Climate Action 100+, an investor initiative engaging companies and sectors with the highest GHG emissions, and the firm is also a signatory to the UN-supported Principles for Responsible Investment. Invesco is also a supporter of the Task Force on Climate-related Financial Disclosures (TCFD), and this year the investment manager published its first report on Climate Change.