TPT Retirement Solutions, the workplace pensions provider with £13bn of assets, has set itself a 2050 net-zero target and has signed up to the Paris Aligned Investment Initiative.
The Paris Aligned Investment Initiative (PAII) is an investor-led global forum enabling investors to align their portfolios and activities to the goals of the Paris Agreement. It was established in May 2019 by the Institutional Investors Group on Climate Change (IIGCC).
A spokesperson for TPT says: “We are delighted to announce today our commitment to the goal of net zero emissions by 2050 or sooner through the Paris Aligned Investment Initiative.
“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.”