In one way we were pushing on an open door: after just two-and-a-half years, the TPI is supported by investors representing more than $14tn of combined assets under management and advice. However, it will be no surprise to Financial Times readers that these green shoots do not represent a rainforest. The TPI released a “state of the transition” report this month looking at 274 of the world’s highest-emitting publicly listed companies. It found that 46 per cent of them failed to adequately integrate climate change into their business decisions; only 12.5 per cent were reducing carbon emissions at the rate required to keep global warming below 2C, and a quarter do not report their emissions at all, undermining the Task Force on Climate-related Financial Disclosures.

https://www.ft.com/content/16c15e67-8e5d-30b7-87a9-0b98a3d0d0ad?shareType=nongift