Assessing Sovereign Climaterelated Opportunities and Risks (ASCOR): progress note

Assessing Sovereign Climate-related Opportunities and Risks (ASCOR) is an investor-led initiative launched to provide comprehensive and comparable assessments on how sovereigns are managing the low-carbon transition as well as the physical risks stemming from climate change. ASCOR aims to inform, support and facilitate investment decisionmaking, especially by sovereign bondholders, and enable a more explicit consideration of climate change at the national level. In 2023, following a public consultation, the Transition Pathway Initiative Centre (TPI Centre) at the London School of Economics (LSE), launched the ASCOR tool including the first assessments of 25 pilot countries. In 2024, a larger universe of 70 countries was assessed. This progress note announces the list of 85 countries that will be assessed in 2025, provides a description of the project’s timeline and explains recent amendments to the ASCOR methodology and dataset.