TPI state of transition report 2020

This 2020 State of Transition Report from the Transition Pathway Initiative (TPI) is the latest in a series of annual stocktakes of the progress being made by the world’s biggest and most emissions-intensive public companies on the transition to a low-carbon economy. We have assessed 332 companies on their ‘Management Quality’ and 238 of these on their ‘Carbon Performance’. Management Quality tracks companies’ management/governance of greenhouse gas emissions and the risks and opportunities arising for those companies from the low-carbon transition. Carbon Performance measures companies’ emissions intensity and benchmarks the extent to which the companies are, or will be, aligned with the global temperature goals set out in the 2015 UN Paris Agreement on climate change. Together, these assessments provide a holistic, backward- and forward-looking view of companies’ progress, in terms of both inputs and outputs, in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).