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  • 15 May 2017 9:39 AM | Crystal Fleming (Administrator)
    In a new report, published today, global investors conclude that some of the largest global oil and gas companies such as Statoil, Eni and Total are well ahead of others like ExxonMobil when it comes to climate change management and disclosure.

    Investor Climate Compass: Oil and Gas – Navigating Investor Engagement is a joint report from the four investor networks that make up the Global Investor Coalition on Climate Change (GIC) and CDP. It analyses the impact of persistent climate-focused investor engagement – through private dialogue and public challenge via shareholder resolutions – on 10 large oil and gas companies in North America and Europe.

    The report confirms that investor engagement has had a discernible impact on board and executive decision-making with respect to the disclosure and management of climate change risks, highlighting progress and the remaining challenges in five core areas of investor concern or ‘expectations’.

    Read the full media release

    Read the report

  • 08 May 2017 9:13 AM | Crystal Fleming (Administrator)

    UPDATE: London/New York/Sydney Monday 22 May 2017 (revised from material previously issued on 8 May 2017)

    Over 280 global investors (managing more than $17 trillion in assets) urge G7 to stand by Paris Agreement and drive its swift implementation.

    282 long‐term institutional investors representing more than USD $17 trillion in

    assets have written to G7 heads of state urging governments to stand by their commitments to the Paris Agreement at their upcoming Summit in Taormina, Italy on May 26‐7.

    • Reiterate their support for and commitment to implement the Paris Agreement, including the delivery of their own Nationally Determined Contributions in full. 
    • Bring forward focused and targeted long-term climate and energy plans that will ensure their future actions align with commitments under the pact to keep global average temperature rise to well below 2°C above pre-industrial levels and preferably to 1.5 °C.
    • Drive investment into the low carbon transition through aligning climate-related policies, phasing out fossil fuel subsidies and introducing carbon pricing where appropriate.

    • Implement climate-related financial reporting frameworks, including supporting the Financial Stability Board Task Force on Climate-related Financial Disclosures’ recommendations.

    Read the media release

    Read the Investor Letter

    Read the G7 G20 Leaders briefing paper 


  • 12 Apr 2017 6:36 AM | Crystal Fleming (Administrator)

    Investor groups from Australia and Asia have come together to release a major new guide on climate change disclosure for institutional investors, the first to be released following the publication of the draft recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD).

    Developed by the Investor Group on Climate Change (IGCC - Australia/New Zealand) and the Asia Investor Group on Climate Change (AIGCC - Asia) Transparency in Transition: A Guide to Investor Disclosure on Climate Change is an essential building block to support investors and stakeholders in safely steering the global economy through a period of rapid and far-reaching transition, by better understanding the financial implications.

    Read the full media release

    Read the report

  • 24 Mar 2017 2:40 PM | Crystal Fleming (Administrator)

    The Investor Group on Climate Change (IGCC) welcomes the release of the 2017 Climate Policy Review Discussion Paper, as an important new opportunity to agree a productive way forward. 
     
    “After more than a decade of policy uncertainty, investors are hungry for a national climate change policy framework which delivers a degree of investment confidence”, said Emma Herd, Chief Executive Officer of the Investor Group on Climate Change.
     
    “In recent weeks, we have seen the direct consequences of failure to plan for the long term and manage transition in the energy sector. The 2017 Review is another major opportunity to put the policy settings in place to unlock investment currently stymied by regulatory uncertainty”.

    Read the full media release

  • 14 Mar 2017 6:26 AM | Crystal Fleming (Administrator)

    Investors worth AU$1.2 trillion are calling on the Federal Government to review its approach to climate adaptation as the damage bill for the economy rises from increasing natural disasters.

    In a new report - From Risk to Return – released today by the Investor Group on Climate Change (IGCC), investors lay out the multi-billion dollar threats and opportunities of climate adaptation, as well as recommendations to overcome barriers to action.

    “A hotter world entails substantial change for our infrastructure, our economy and our communities,” said Emma Herd, CEO of the Investor Group on Climate Change. 

    Read the full media release

    Read the report From Risk to Return: Investing in Climate Change Adaptation

  • 17 Feb 2017 1:11 PM | Crystal Fleming (Administrator)

    The Investor Group on Climate Change (IGCC) welcomes comments today by APRA Executive Board Member Geoff Summerhayes acknowledging the reality that climate change poses a material financial risk for Australian business and the economy. 

    Read the full media release

  • 13 Feb 2017 6:30 AM | Crystal Fleming (Administrator)

    Representatives of Australian communities, including civil society, households, workers, investors, business energy users and energy suppliers today challenged all political leaders to stop partisan antics and work together to reform Australia’s energy systems and markets to deliver the reliable, affordable and clean energy that is critical to wellbeing, employment and prosperity.

     
    There is simply no room for partisan politics when the reliability, affordability and sustainability of Australia’s energy system is at stake.

    Read the joint media statement

  • 15 Dec 2016 8:32 AM | Crystal Fleming (Administrator)

    The Investor Group on Climate Change (IGCC) welcomes the release of the global Taskforce on Climate-related Financial Disclosure, and strongly encourages Australian government and business to adopt the recommendations.

    “It’s hard to understate just how influential these recommendations will be”, said Emma Herd, Chief Executive of the Investor Group on Climate Change (IGCC). 

    Read the media release


  • 13 Dec 2016 7:23 PM | Crystal Fleming (Administrator)

    Representatives of Australia’s communities, households, business energy users and energy suppliers today called on the Commonwealth Government, the States and all other stakeholders to support reform of Australia’s energy systems and markets to ensure reliability and affordability as we decarbonise the energy system. The status quo of policy uncertainty, lack of coordination and unreformed markets is increasing costs, undermining investment and worsening reliability risks. This impacts all Australians, including vulnerable low-income households, workers, regional communities and trade-exposed industries

  • 05 Dec 2016 11:45 AM | Crystal Fleming (Administrator)

    The 2017 Climate Policy Review must deliver greater investment certainty through a clear and credible set of climate change policies able to support Australia’s international commitments.

    “The Investor Group on Climate Change welcomes the release of the Terms of Reference for the 2017 Climate Policy Review”, said Emma Herd, Chief Executive Officer for the Investor Group on Climate Change (IGCC).

    Click here to read the media release

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