Climate Action 100+
Australia and New Zealand’s biggest institutional investors have joined more than 320 global investors with over US$33 trillion in assets under management to engage the world’s largest emitting companies to act on climate change.
Climate Action 100+ launched by five investor organisations in Paris at the One Planet Summit 12 December 2017 hosted by President Macron, is a new five-year project harnessing the weight and influence of global investors to engage the worlds largest greenhouse gas emitting companies on climate action.
The Asia Investor Group on Climate Change (AIGCC) is an initiative to create awareness among Asia’s asset owners and financial institutions about the risks and opportunities associated with climate change and low carbon investing. AIGCC provides capacity for investors to share best practice and to collaborate on investment activity, credit analysis, risk management, engagement and policy.
With a strong international profile and significant network, including pension, sovereign wealth funds, insurance companies and fund managers, AIGCC represents the Asian investor perspective in the evolving global discussions on climate change and the transition to a greener economy.
Australian Sustainable Finance Initiative
The Australian Sustainable Finance Initiative (ASFI) is an unprecedented collaboration that brings together leaders spanning Australia’s major banks, superannuation funds, insurance companies, financial sector peak bodies and academia to develop a Sustainable Finance Roadmap, in consultation with diverse sectors and stakeholders.
The roadmap, to be launched in 2020, will recommend pathways, policies and frameworks to enable the financial services sector to contribute more systematically to the transition to a more resilient and sustainable economy, consistent with global goals such as the UN Sustainable Development Goals and the Paris Agreement on climate change.
Australian Climate Roundtable
The Australian Climate Roundtable (ACR) is an unprecedented alliance of major Australian business, union, research, environment, investor and social groups, that has come together to put the climate policy debate on common ground and offer a way forward.
The ACR acknowledges that climate change and climate policy impact the missions of its members. ACR believes Australia should play its part in global efforts to avoid 2°C and the serious economic, social and environmental impacts that unconstrained climate change would have on Australia. Avoiding unconstrained climate change will provide important benefits and opportunities to Australia.
Low Carbon Investment Registry
Low Carbon Investment (LCI) Registry is the first public, online database showing examples of global low carbon investments made by institutional investors.
The Global Investor Coalition on Climate Change groups created the LCI Registry in response to rapidly increasing interest by policy makers, investors and their beneficial members in the nature of low carbon investments by institutional investors such as pension funds and asset managers (Investors) and the rationale for such investments.
The LCI Registry and the Analysis Report was launched ahead of the UN Climate Summit in New York, September 2014.
The Perfect Storm Pension Fund is a trustee board meeting role-play that considers concrete steps for integrating climate change risk into the portfolio.
Board meeting No. 1
First staged in April 2014 and continues to be relevant to boards today, the actors are prominent members of Australia’s pension fund community. Seven resolutions were debated covering investment policy, implementation, investment strategy, time-frames, investment allocations, measurement and disclosure.
Board meeting No. 2
The Board was presented with a summons for an alleged breach of duty in relation to a number of failed emissions intensive investments. In this board meeting, trustees discussed the summons, their legal exposure and their approach. The board’s processes on decision making in the context of climate change are under the microscope in respect to investment vehicles on which fund trustees serve as directors. The issue of director’s liabilities is also examined.
View the full Board meeting (50 mins) filmed live at the IGCC 2015 Summit.
Board meeting No. 3
In the third instalment of our series of trustee training sessions, hear how a board considers the practical implications of climate change and extreme weather impacts on specific infrastructure investments and implications for the fund.
View the full Board meeting (60 mins) filmed live at the IGCC 2017 Summit.