Wellington and MIT partner on climate risk

The collaboration will help support Wellington’s engagement with portfolio companies on decarbonization

Wellington Management has a new partnership with MIT that will help support the firm’s research around the transition to a low-carbon economy, the groups announced last week.

The climate change research collaboration pairs the investment management company with the school through MIT’s Joint Program, whose “integrated team of natural and social scientists aims to provide Wellington’s investment teams with comprehensive climate change projections under various environmental, economic and policy scenarios,” the January 27 announcement read.

The collaboration will also help support Wellington in its engagement with portfolio companies on decarbonization, the groups said.

“The objective of this research is to outline decarbonization pathways for corporate operations, supply chains and products, while also assessing their potential economic impacts,” the announcement read. “Wellington’s investment teams plan to integrate these transition-risk findings into their ongoing fundamental research, in conjunction with physical-risk findings from Woodwell Climate Research Center, a leading independent climate-science research organization.”