UK-based asset owners have warned that the Task Force on Climate-related Financial Disclosures (TCFD) portfolio alignment proposals could undermine efforts to transition to a low carbon economy.

The Transition Pathway Initiative Global Climate Transition Centre (TPI Centre) has called on banks to broaden their emission target coverage to include all material financing activities.

The Transition Pathway Initiative (TPI) has released its Assessing Sovereign Climate-related Opportunities and Risks (ASCOR) framework, which assesses countries on climate change.