Topic: Investor Group on Climate Change
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.
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.
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.
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.
30 October 2020
In response to the recommendations of the Royal Commission into National Natural Disaster Arrangements, Investor Group on Climate Change (IGCC) General Manager, Crystal Fleming, said:
“IGCC welcomes the recommendations of the Royal Commission, which will go a long way to making our communities safer in the face of worsening natural disasters.
14 October 2020
A new ten-year, private sector-focused initiative – backed at launch by 16 institutional investors with over $850 billion collective assets under management as initial participants – will support and act towards deeper emissions reductions for Australia.
Climate League 2030 asks participants to support efforts to drive a further reduction in annual greenhouse gas emissions of at least 230 million tonnes on top of what is already projected for the end of the decade, and pledge at least one new action each year under three themes:
- Integration of Paris-aligned emissions reduction goals into investment policies or business strategies.
12 October 2020
Australia would create $63 billion in fresh investment opportunities over the next five years by strengthening climate targets and policies in line with reaching net zero emissions by mid-century, new economic modelling finds.
The analysis also finds that under this scenario private investment would accelerate out to 2050, with hundreds of billions of dollars in opportunities created across renewable energy, green hydrogen, manufacturing, electrified transport and carbon sequestration.
2 October 2020
Australian and New Zealand investors are increasingly mainstreaming their climate change responses by applying dedicated strategies and targets to portfolio-wide and specific asset classes over and above responsible investment offerings, a new survey has found.
The IGCC 2020 Net Zero Investment Survey canvasses the views of 38 participants from superannuation funds, asset managers and sovereign wealth funds representing $1.5 trillion in assets under management about their current and future appetite for climate change-aligned investments.
22 September 2020
In response to the release of the Federal Government’s Low Emissions Technology Statement, the Investor Group on Climate Change’s Director, Policy, Erwin Jackson, said:
“The development and deployment of emerging technologies is a significant opportunity to unlock the scale of greenhouse gas reductions needed to achieve a climate resilient, net zero emissions economy by 2050.