Topic: Investor Group on Climate Change

Net Zero Asset Managers Initiative Triples in Assets Under Management as 43 New Asset Managers Commit to Net Zero Emissions Goal

29 March 2021

  • 43 new investor signatories to Net Zero Asset Managers initiative will work in collaboration with clients to achieve 2030 emissions reduction targets and reach net zero by 2050 or sooner.
  • The Net Zero Asset Managers initiative now has a total 73 signatories representing $US32 trillion in assets under management (AUM), 36 per cent of the global total.

Climate Action 100+ issues its first-ever net zero company benchmark of the world’s largest corporate emitters

22 March 2021

  • Benchmark defines key indicators of success for business alignment with a net zero emissions future and goals of the Paris Agreement
  • Detailed assessments show companies are increasingly making ambitious climate commitments, but now need to deliver
  • Benchmark sets clear engagement priorities for $54 trillion investor-led initiative to drive faster corporate climate action
Climate Action 100+, the world’s largest investor engagement initiative on climate change, has released its first-ever benchmark evaluating the corporate ambition and action of the world’s largest greenhouse gas emitters and other companies with significant opportunity to drive the net zero transition.

Australia joins the Coalition for Climate Resilient Investment in welcome step towards building safer communities

25 January 2021

The Investor Group on Climate Change (IGCC) welcomes the Australian Government’s announcement it will join the international Coalition for Climate Resilient Investment (CCRI) and refresh the National Climate Resilience and Adaptation Strategy. The CCRI is a finance sector-led initiative bringing together over 75 institutional investors, banks, insurers, rating agencies and governments, representing over US$10 trillion in assets, to address climate resilience challenges.

Climate Action 100+ progress report records accelerated company commitments to net-zero emissions but gaps remain

17 December 2020

Almost half the focus companies of Climate Action 100+ – the world’s largest ever investor engagement initiative on climate change – have now established commitments to reach net-zero emissions by 2050 or sooner, its latest progress report reveals. The Climate Action 100+ 2020 Progress Report also outlines the significant growth and evolution of Climate Action 100+.

Leading Asset Managers Commit to Net Zero Emissions Goal with Launch of Global Initiative

11 December 2020

  • 30 founding investor signatories to Net Zero Asset Managers initiative will work in collaboration with clients to achieve target-based net zero goal by 2050 or sooner
  • Other asset managers encouraged to join initiative, to demonstrate sector leadership and commitment to sustainable future
Asset managers representing over US$9 trillion of assets under management (AUM) today announced the launch of the Net Zero Asset Managers initiative.

State Street Global Advisors becomes latest signatory to Climate Action 100+

1 December 2020

  • Initiative grows 142% in signatories to include 545 institutional investors with $52 trillion in assets under management working to ensure the world’s largest corporate emitters act on the climate crisis
  • SSGA becomes the third ‘top twenty’ asset manager to join the initiative in 2020, following BlackRock and Invesco
  State Street Global Advisors (SSGA), the world’s third largest asset manager with nearly USD $3.2 trillion in assets under management (AUM), announced today it will join Climate Action 100+, the world’s largest investor engagement initiative on climate change.

Australian Sustainable Finance Initiative: Bold plan launched to reshape Australia’s financial system

24 November 2020

Australia’s financial services sector has come together in an unprecedented coalition to promote a transformation of the country’s financial system to prioritise prosperity for all, meet 21st century sustainability challenges, and position Australia more competitively within international markets. The Australian Sustainable Finance Initiative (ASFI) – comprising 80 organisations across major banks, insurers, super funds, civil society, and stakeholders – has today released its Roadmap that sets out a bold plan to align Australia’s financial system to support a thriving Australian society, a healthy environment and a strong and prosperous economy.

Climate Action 100+ adds to focus list of companies

18 November 2020

Climate Action 100+, a global initiative involving over 500 signatories responsible for more than USD47 trillion assets under management, has expanded the focus list of companies it is engaging with to deliver Paris Agreement-aligned emissions cuts, implement strong climate governance frameworks and improve climate-related disclosures. The changes to the Climate Action 100+ focus list follows a periodic review by the initiative to ensure the companies engaged remain relevant to confronting the global climate change crisis.

Across the globe, major investor groups call on the United States to rejoin the Paris Agreement

4 November 2020

Nov. 4, 2020 – The founding partner organizations of a major global initiative aimed at worldwide investor action on climate change are calling on the United States to rejoin the Paris Agreement following the country’s formal withdrawal from the global pact today. With 189 nations having ratified the landmark accord since 2015, the U.S.