Topic: Investor Group on Climate Change

New report on climate disclosure will change financial reporting

15 December 2016

The Investor Group on Climate Change (IGCC) welcomes the release of the global Taskforce on Climate-related Financial Disclosure and strongly encourages Australian government and business to adopt the recommendations. “It’s hard to understate just how influential these recommendations will be”, said Emma Herd, Chief Executive of the Investor Group on Climate Change (IGCC).

Energy reform is urgent to avoid systemic crisis

13 December 2016

Representatives of Australia’s communities, households, business energy users and energy suppliers today called on the Commonwealth Government, the States and all other stakeholders to support reform of Australia’s energy systems and markets to ensure reliability and affordability as we decarbonise the energy system. The status quo of policy uncertainty, lack of coordination and unreformed markets is increasing costs, undermining investment and worsening reliability risks.

2017 Climate Change Review must support investment certainty

5 December 2016

The 2017 Climate Policy Review must deliver greater investment certainty through a clear and credible set of climate change policies able to support Australia’s international commitments.
“The Investor Group on Climate Change welcomes the release of the Terms of Reference for the 2017 Climate Policy Review”, said Emma Herd, Chief Executive Officer for the Investor Group on Climate Change (IGCC).

Investors update guidance to strengthen engagement on climate risk with oil and gas companies

22 November 2016

In a move designed to ensure oil and gas majors do far more to address the climate change challenge, global investors from Europe, North America, Asia and Australasia have today published an updated second edition of their guide setting out the challenges facing the sector and investor expectations for how oil and gas companies must act to adapt their business strategies to a 2°C climate change pathway.

Investors welcome ratification of the Paris Agreement

10 November 2016

The Investor Group on Climate Change (IGCC) welcomes the announcement that Australia has ratified the Paris Agreement. “Investors strongly endorse the Paris Agreement and welcome today’s decision by the Australian Government to ratify the Paris Agreement. “This announcement sends an important signal to the world that Australia supports action on climate change.

Global investors acting on climate change

10 November 2016

The Investor Group on Climate Change (IGCC) has joined global investor groups in releasing a new snapshot of the actions investors have taken since the Paris Agreement was finalised. Investors Got the Signal: Actions in 2016 since the Paris Agreement highlights practical examples of the steps investors have taken in 2016 to engage with companies on carbon-reducing strategies, deploy capital to low carbon assets, decarbonise investment portfolios and engage with policymakers.

New parliamentary inquiry on coal closures

13 October 2016

The Investor Group on Climate Change (IGCC) notes the establishment of a new Parliamentary Inquiry on the closure of coal-fired energy generation facilities in Australia, addressing the need to decarbonise our electricity sector, manage community impacts and increase resilience to climate change. “Reviewing how best to manage the retirement of carbon-intensive ageing coal-fired generation is an important component of the integrated energy challenge.