Topic: Investor Group on Climate Change
28 August 2020
This article first appeared in The Sydney Morning Herald, 28 August 2020.
The days of climate change being seen only as an environmental issue are long past. Large swathes of the private sector now recognise our warming planet poses a systemic financial risk to our country. Our major financial regulators, such as the Reserve Bank, also understand the threat.
28 August 2020
The Australian Climate Roundtable – an alliance of business, investor, union and civil society organisations – has released a landmark statement about the costs and risks of climate change to Australia.
The statement was developed following a series of workshops held earlier this year in the wake of the devastating 2019-20 bushfire season, engaging technical and scientific experts from major institutions including the Reserve Bank of Australia, CSIRO and the Australian Energy Market Operator.
20 August 2020
Australian and New Zealand investors want significantly bolstered climate change risk disclosure from companies, including clear demonstration of how it is being used to inform business strategies and decisions.
A new report, encompassing the views of over 50 investors from 22 organisations with more than $1.1 trillion in collective funds under management, finds that while climate risk disclosure has become an increasing feature of corporate reporting, significant improvements are needed to make it more useful for decision-making, risk assessment, portfolio management and company engagement.
14 August 2020
BHP’s strengthened expectations of industry associations have been welcomed by major institutional investors engaging with the company through the global Climate Action 100+ initiative.
The global mining giant has released a new industry associations expectations policy stating that it will work with its lobby groups to establish public standards and plans for how and what they will advocate on by the end of 2020 and then monitor their activities in real-time for consistency with BHP’s own positions.
25 June 2020
In response to the release of climate change scenarios and an inquiry into the potential macroeconomic impacts of climate change by global central banks, working through the Network for Greening the Financial System, Chief Executive Officer of the Investor Group on Climate Change, Emma Herd, said:
“These scenarios prepared by the world’s central banks, including the Reserve Bank of Australia, clearly demonstrate climate change is a systemic economic threat that will significantly undercut our prosperity and job security.
25 May 2020
The following is a joint statement from: Australian Conservation Foundation, Australian Council of Social Service, Australian Council of Trade Unions, Australian Energy Council, Australian Industry Group, Brotherhood of St Laurence, Business Council of Australia, Carbon Markets Institute, Energy Efficiency Council, Energy Users’ Association of Australia, Investor Group on Climate Change, Master Electricians Australia, Property Council of Australia, St Vincent de Paul Society and WWF Australia.
13 May 2020
Australia has found common ground to respond to Covid-19.
We can do the same for climate change | Emma Herd, CEO, IGCC
This article first appeared in The Guardian 07 May 2020
After all we have already endured in 2020 we should know that stopping an emergency is far better than responding to one.