Church of England Pension Board invests £600 million in global new stock index backing the Paris Climate Agreement

30 January 2020

The Church of England publishes on its website:

“‘FTSE TPI Climate Transition Index’ launched at London Stock Exchange with £600 million allocation from the Church of England Pensions Board. First Global Index that enables passive funds to capture company alignment to the Paris Climate Agreement. This new generation of Index has been developed by the Church of England Pensions Board, in collaboration with FTSE Russell and the Transition Pathway Initiative (TPI). The TPI is based at the London School of Economics Grantham Research Institute. The Index responds to the latest call by the Governor of the Bank of England, challenging pension funds to address the financial risk of climate change. The index is the first to embed forward looking data from the London School of Economics hosted Transition Pathway Initiative (TPI) which tracks whether companies align to 2DC or below 2DC/Net Zero. The Index will reward those companies with public targets aligned to the Paris Agreement whilst significantly underweighting or excluding those that do not. ”

Continue reading by going to the source: Click Here