• 19 May 2015 8:00 PM | IGCC Secretariat (Administrator)

    Online hub captures wide range of investor climate change initiatives 

    As companies, investors and policymakers gather in Paris for Climate Week to galvanize momentum ahead of a global deal at COP 21, investors have launched an online platform that for the first time will identify and record the wide range of actions on climate change being undertaken by the global investor community. 

  • 08 May 2015 3:00 PM | IGCC Secretariat (Administrator)

    Investor Group on Climate Change (IGCC) Chairman Frank Pegan today announced the resignation of Nathan Fabian as IGCC's Chief Executive Officer.

    Mr. Fabian has served as IGCC’s CEO for six years since 2009.

    In his term as IGCC CEO, Mr. Fabian raised the profile of investor concerns on climate change in Australia and internationally.

    Under Nathan’s leadership, IGCC has deepened investor knowledge on climate change and advanced the integration of climate risk and opportunity assessment into investor practice. IGCC also more than doubled its number of members and assets under management represented in the group, while making a substantial contribution to climate change policy development in Australia.

  • 22 Apr 2015 10:35 PM | IGCC Secretariat (Administrator)
    Solutions guide supports implementation of investors’ actions and commitments on climate change 

    SYDNEY: The four investor groups on climate change have today published a guide outlining a range of strategies and solutions investors can use to address climate change, including low carbon investment, managing and reducing carbon exposure in portfolios, and engagement, as investors around the world work to scale up their efforts to invest in clean energy and shift to lower carbon assets. 

    The investment solutions guide follows last year’s Financial Institutions Taking Action on Climate Change report, which concluded that there is a need for actions addressing climate change to be more widely integrated into mainstream investment processes.

  • 22 Apr 2015 4:07 PM | IGCC Secretariat (Administrator)

    The Investor Group on Climate Change (IGCC) today welcomed the draft report of the Climate Change Authority on Australia’s future emissions reduction targets.

    Based on IGCC's own analysis, which will be included in a submission to the Government’s UNFCCC Taskforce, the CCA has delivered a pragmatic assessment of Australia’s future emissions reduction task and a realistic 2025 target.

    Considering the European Union target of -40% by 2030, a United States target of -26% to -28% by 2025 and a commitment from China to cap emissions by 2030, Australia has fallen behind the reforms being undertaken by the world’s major economies.
  • 09 Dec 2014 10:00 PM | IGCC Secretariat (Administrator)
    As climate negotiations continue, investors raise questions for boards of oil and gas companies around the world

    As countries gather in Lima to build momentum towards an international climate deal, the global investor community has today published a guide outlining expectations for fossil fuel companies on growing carbon asset risks as they prepare to step up their engagement with the industry in the coming year.

    Seeking to safeguard their investments from uncertain fossil fuel demand, emerging technologies and policy interventions, investors are concerned that current business strategies being pursued by some oil and gas companies may not be sufficiently sustainable.

  • 14 Nov 2014 11:52 AM | IGCC Secretariat (Administrator)

    Given the climate policy announcements by China and United States this week, Australia's minus 5% emissions reduction target by 2020 is now a redundant investment signal for market participants in Australia, the Investor Group on Climate Change (IGCC) said today.

    “Investors will expect to see company emissions reduction plans capable of achieving carbon competitiveness in line with trends in international markets,” said Mr. Nathan Fabian, Chief Executive of the IGCC.

    “If American, European and Chinese companies are all reducing their emissions, investors will expectAustralian companies to do the same.”

  • 12 Nov 2014 5:11 PM | IGCC Secretariat (Administrator)

    The Investor Group on Climate Change (IGCC) today expressed deep disappointment that negotiations on the Renewable Energy Target (RET) have broken down.

    “We encourage the Government to seek to restart and resolve negotiations with proposals that support past and future renewable energy investments in Australia, ” Mr. Nathan Fabian, Chief Executive of the IGCC, said.

    “The proposal to cut the Large Scale RET from 41,000GWh to around 27,000GWh by 2020 fails to account for the negative impact this proposal has on renewable energy investments already made by institutional investors.

  • 31 Oct 2014 3:52 PM | IGCC Secretariat (Administrator)

    Despite passage of the Emissions Reduction Fund (ERF) early this morning, Australia still lacks an emissions reduction framework that will deliver deep cuts over the long term at relatively low cost.

    “Given the Government’s stated objective of reducing emissions in Australia, investors need to know what the future emissions reduction obligations of companies and infrastructure assets will be,” said Nathan Fabian, IGCC Chief Executive.

    “Deep emissions cuts will be needed beyond 2020 and given the long life of many investments, the lack of obligations for all emitters under the ERF is a perverse investment signal to the market.”

  • 30 Sep 2014 8:19 AM | IGCC Secretariat (Administrator)
    The Investor Group on Climate Change (IGCC) today published an open letter to the Prime Minister on the Renewable Energy Target (RET). The letter urges the Federal Government to keep Australia an attractive investment destination by maintaining its previous support for the RET. The letter can be viewed today in national newspapers and at www.igcc.org.au.

    “Institutions invested hundreds of millions of dollars in renewable energy projects on the basis of bipartisan support for the RET,” Mr. Nathan Fabian, Chief Executive of the IGCC, said.

    “If the RET is cut, many of these job creating investments, made on behalf of more than ten million Australians, will be at risk of financial losses.”

  • 18 Sep 2014 9:20 PM | IGCC Secretariat (Administrator)
    BlackRock, CalPERS, PensionDanmark, Deutsche, South African GEPF, Australian CFSGAM, Cathay Financial Holdings among 347 investors urging heads of state to take strong action
    on climate change

    NEW YORK CITY – Days before UN Secretary-General Ban Ki-moon convenes the Climate Summit at the United Nations to spur climate action and facilitate a global climate agreement in 2015, nearly 350 global institutional investors representing over $24 trillion in assets have called on government leaders to provide stable, reliable and economically meaningful carbon pricing that helps redirect investment commensurate with the scale of the climate change challenge, as well as develop plans to phase out subsidies for fossil fuels.
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