Public Equity

True North Institute’s strategy centres on generating alpha through proprietary insights into the global energy transition, targeting companies leading decarbonisation in the largest emitting sectors, those able to abate emissions faster and at lower cost than peers (the “brown to green” theme).

Public Equity Energy Transition Focus

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Companies leading the largest emitting sectors’ decarbonization efforts with an ability to abate carbon emissions more rapidly and at lower cost than their peers (the “brown to green” theme).

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Companies presenting scale solutions enabling various industries or consumer groups to most cost-effectively decarbonize – avoiding mature, commoditizing wind, solar and battery businesses, with or without a major China threat.

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Growth companies providing “picks and shovels” to those mature but growing industries are attractive including public companies focused on removing chokepoints to the energy transition and improving energy efficiency.

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Businesses that are resolving chokepoints of decarbonizing value chains in one or more industry.

25% of the economy accounts for nearly all emissions

90% of public company emission (scope 1 & 2) are derived from five sectors (adding in the automotive sector) which account for 25% of the market.

Transition economics drives future income

A $100 price of carbon wipes out the profitability from the majority of US energy, materials, transport, utilities, and food companies.

Transitioning Titans Portfolio

This is our current public equity portfolio of 60 leading decarbonizers in the highest emitting sectors – industrials, utilities, materials, transport and information technology.

Transitioning Titan Stories

Here are six examples of large companies leading their sectors decarbonization efforts by making large investments in low carbon technology, processes and products. The 60 companies in the current portfolio are estimated to emit over 4 gigatons of CO2e today, and are expected to remove over 2 gigatons by 2040 (based on TNI’s ‘haircuts’ on the companies emissions targets).