Topic: Investor Group on Climate Change

Global Net Zero Asset Managers Initiative Reaches A$100 Trillion

10 November 2022

86 New Investors Announce Initial Targets
  • Less than two years since the initiative launched, the latest 86 disclosures take the total number of asset managers that have set initial targets to 169.
  • The initiative continues to grow, with 21 managers joining the initiative since May 2022, bringing the total to 291, representing more than A$101 trillion (US$66T) in global AUM.

Letter to The Treasurer and RBA on Climate Disclosures

7 November 2022

An coalition representing investors with $100 trillion under management has urged the Australian Government to join global efforts to require internationally consistent mandatory TCFD-aligned disclosures adopting the standards issued by the International Sustainability Standards Board. The recent Australian Federal budget allocated $6.2m for Treasury and the Australian Accounting Standards Board to “develop and introduce climate reporting standards for large businesses and financial institutions”.

Investors of $65 Trillion Call on Governments To Raise Ambition at COP27

2 November 2022

The 2022 Global Investor Statement to Governments on the Climate Crisis has been submitted to governments before COP27 with 602 investor signatures representing US$42 trillion (AU$65 trillion) in assets under management. The statement represents a unified investor call on governments to implement the policy actions needed to address the climate crisis and accelerate the transition to a net zero emissions economy.

IGCC Welcomes Budget Measures To Support Net Zero Transition

26 October 2022

The Investor Group on Climate Change welcomes funding in last night’s federal budget towards tools and standards that we expect to be important for the efficient allocation of capital in the transition to net zero. The budget allocated; “$29.8 million over 4 years from 2022–23 (and $6.9 million per year ongoing) for the Treasury to restore capability to model climate risks and opportunities.

The Latest Company Assessments From Climate Action 100+

13 October 2022

Climate Action 100+ Net Zero Company Benchmark shows continued progress on net zero commitments is not matched by development and implementation of credible decarbonisation strategies
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  • This interim cycle of global Benchmark assessments provides investors with timely data to inform engagement strategies ahead of upcoming proxy seasons.

We’re Recruiting for a New Director of Corporate Engagement

4 October 2022

IGCC is seeking a dedicated director, responsible for overseeing and coordinating IGCC’s corporate engagement program. Our current director of Corporate Engagement, Laura Hillis, is leaving to take up another role, the details of which have not yet been made public. Laura has had exceptional impact during her time at IGCC and although we wish her very well for her next job, she’ll be sorely missed here.

Back Winners Not Losers – IGCC Submission on Safeguard Mechanism Reforms

23 September 2022

Download the Full Submission to The Initial Consultation on Safeguards Mechanism Reform Executive Summary Of The Submission Relevance for Institutional Investors IGCC represents investors with total funds under management of more than $3 trillion in Australia and New Zealand and $30 trillion around the world. Safeguard changes are relevant to investors because:
  1. Institutional investors have the capital to finance a clean energy economy.

Joint Australian Climate Roundtable Submission On The Climate Change Bills

26 August 2022

The Australian Climate Roundtable supports passage of the Climate Change Bill 2022 and the Climate Change (Consequential Amendments) Bill 2022, and we encourage the Senate to pass the Bills after due consideration. We comprise national bodies representing business, environment, farmers, investors, the social welfare sector and workers. Over the years we have found strong common ground on climate change policy and we encourage the Parliament to reflect the considerable consensus in the community.

Retirement of IGCC’s Climate League Brand

26 August 2022

As part of IGCC’s strategic planning process, we have been reviewing Climate League 2030. It has been a valuable initiative that supported participants making new climate commitments and actions, and highlighted their support for real emission reductions in Australia. Since launching Climate League in October 2020, government, investor and business sentiment has swung strongly in support of climate action.

Investors see green hydrogen as Australia’s big opportunity – New Report

18 August 2022

Investors want Australia to prioritise the development of a low emissions, high integrity hydrogen industry – therefore favouring green hydrogen over blue. Green hydrogen, which is produced with renewable energy, appears more economically viable and avoids serious investment risks associated with blue hydrogen, which uses gas as the main input, according to new research commissioned by the Investor Group on Climate Change.