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  • Climate Bond Standard released, open for business; Goal to Assure Integrity of Green Claims for Investors, Governments

    25 Nov 2011 7:01 AM | IGCC Secretariat (Administrator)

    LONDON, 24 November 2011 –­­­ The Climate Bonds Initiative today released the final approved text of the prototype Climate Bond Standard.

    The Standard will be a screening tool for investors and governments to support investment in delivering a Low Carbon Economy. Bonds complying with the Standard will be certified as ‘Climate Bonds’undefined a mark that assures their contribution to the delivery of a Low Carbon Economy. In its first iteration, the released version lists wind energy investments currently eligible with an expansion to solar energy and other renewable energy investments to follow in the coming months.

    Click here to download a copy of the media release 
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  • New analysis reveals water management trails climate change on the boardroom agenda, despite significant near-term risk and opportunity

    16 Nov 2011 11:11 PM | IGCC Secretariat (Administrator)
    The Carbon Disclosure Project (CDP) Water Disclosure global report launched today finds that 57% of the 190 publicly listed organizations that participated in the survey report board-level oversight of water policies, strategies, or plans. By comparison, a report released by CDP in September 2011 showed that 94% of Global 500 companies report board-level oversight of climate change, suggesting that corporate understanding of water as a business concern trails that of climate change. This is surprising, given that the majority of reported water-related risks and opportunities are recognized as near term.

    Deloitte Touche Tohmatsu Limited (DTTL), one of the principal sponsors of this project, supported CDP on analyzing the data and developing the contents of the report.

    Click here to download a copy of the media release 

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  • Investors welcome carbon price and clean energy future

    08 Nov 2011 1:41 PM | IGCC Secretariat (Administrator)
    The Investor Group on Climate Change (IGCC) today welcomed the passage of the Clean Energy Future bills through the Senate and looks forward to greater regulatory certainty and investment opportunity.

    Investors need a long term, transparent and certain regulatory framework to address carbon emission risks in their investment portfolios and the Clean Energy Future package provides it.

    Chief Executives of IGCC member organisations made the following comments about passage of the Clean Energy Future package.

    Click here to download a copy of the media release 

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  • Only 4% of top ASX200 & NZX50 responding companies reported carbon pricing as a high impact risk

    07 Nov 2011 5:00 AM | IGCC Secretariat (Administrator)

    Melbourne, Australia, 7 November 2011. Only 4% of ASX200 and NZX50 responding companies reported that carbon pricing was a high impact risk to their business, while overall 33% of responding companies rated the risk as medium or above according to the latest report from the Carbon Disclosure Project (CDP) written by Deloitte Australia.

    The CDP Australia & NZ Report 2011 is the sixth annual assessment of climate change disclosures made by ASX200 and NZX50 companies to investors through the CDP. 50% (up from 47% last year) of companies on the ASX200 responded to the CDP questionnaire asking them to measure and disclose what climate change means for their business, while 42% (down from 46% in 2010) responded from the NZX50.

    Click here to download a copy of the media release

    Click here to download the CDP Australia & NZ Report 2011

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  • WORLD’S LARGEST INVESTORS, WORTH $20 TRILLION STEP UP CALL FOR URGENT POLICY ACTION ON CLIMATE CHANGE

    19 Oct 2011 6:00 PM | IGCC Secretariat (Administrator)

    Doubling in Investor Support Seen For Climate Action

    Geneva/London/New York/Melbourne, 19 October 2011 – Despite the global economic crisis, and increased market volatility, the world’s largest investors today urged governments and international policy makers to take new and meaningful steps in the fight against climate change.

    In a joint statement the group of 285 investors representing more than $20 trillion in assets, stressed the urgent need for policy action which stimulates private sector investment into climate change solutions, creates jobs, and is essential for ensuring the long-term sustainability and stability of the world economic system. 


    Click here to download a copy of the media release     

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  • Carbon price passage will end investor uncertainty

    12 Oct 2011 4:14 PM | IGCC Secretariat (Administrator)

    The Investor Group on Climate Change (IGCC), responsible for investments of $700 billion, today welcomes passage of the Carbon Price Bills through the House of Representatives.

    "Today marks the beginning of certainty on carbon pricing and the end of the uncertainty that has delayed critical investment in Australian energy infrastructure," said Nathan Fabian, Chief Executive of the IGCC.

    “For the first time, emissions costs and how to avoid them will move beyond theoretical discussion to actual investment decision-making,” Mr Fabian said.

    Click here to download a copy of the media release 

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  • Establishment of the AIGCC

    07 Oct 2011 5:06 PM | IGCC Secretariat (Administrator)

    The Asia Investor Group on Climate Change (AIGCC) is being established by ASrIA with support from financial institutions across the region. ASrIA will serve as secretariat to the forum, and report to a Strategic Advisory Committee drawn from the asset owners involved.

    While organisations similar to AIGCC exist elsewhere there has been no permanent facility for investors in the region. Asia is already affected by climate change and the impacts are forecast to become more severe.

    AIGCC aims to help investors in Asia understand and take appropriate action on the risks and opportunities associated with climate change. Asset owners joining the group will benefit from some of the best analytical minds applied to Asia-specific research as well as insights from the global network of investor initiatives focused on climate change.

    Click here to view the AIGCC website

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  • Carbon Disclosure Project Global 500 report: Commercial interests driving greenhouse gas emissions reductions at world’s largest companies

    14 Sep 2011 9:01 AM | IGCC Secretariat (Administrator)
    Sydney, Australia, 14 September 2011. While Australia debates carbon pricing, the world’s largest listed companies are increasingly embracing climate change policies, a major global report has shown.

    The 10th annual Carbon Disclosure Project (CDP) Global 5001 report, which examines the carbon reduction activities of the world’s largest listed companies and is being released tonight, revealed that an in-­‐depth analysis of 396 of the world’s largest companies2 shows that 68% have climate change at the heart of business strategies, up from 48% in 2010.

    Click here to download a copy of the media release     

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  • Investors welcome prospect of certain carbon price framework

    13 Sep 2011 9:16 AM | IGCC Secretariat (Administrator)

    The Investor Group on Climate Change (IGCC), responsible for investments totalling $600 billion, welcomes the introduction of the Clean Energy Future Legislation into the Parliament and calls for timely passage of the bills.

    Investors have been seeking a transparent, long-term emissions reduction policy in Australia for a decade and commend the Multi Party Climate Change Committee who worked on the Clean Energy Future bills for the certain policy framework they provide.

    Click here to download a copy of the media release     
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  • Industry anti carbon price campaign deliberately misleading or mistaken: shareholders

    01 Aug 2011 6:00 AM | IGCC Secretariat (Administrator)
    The Investor Group on Climate Change (IGCC), responsible for investments totalling $600 billion, today expressed concern at the misleading anti carbon price campaign being run by a number of industry associations and supported by some of Australia’s largest companies.

    The IGCC said that the campaign is either deliberately misleading about the costs of the carbon price or demonstrates a lack of understanding about how the scheme operates.

    Click here to download a copy of the media release
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