Topic: Investor Group on Climate Change

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.

Business, investor and conservation groups come together to support Climate Bill as key step towards policy certainty and investment

1 August 2022

A wide cross-section of business, investor and conservation groups have come together to support the passage of the Climate Change Bill as an important step towards the greater climate policy certainty needed to support investment in the transition to a low-carbon economy. The lack of a settled national policy has consistently been cited as a key inhibitor to the effective management of climate change risk by investors, directors and other business leaders.

Major consensus reached on Australian climate risk reporting

1 August 2022

Twenty of Australia’s most influential business and finance peak bodies have come to an unprecedented consensus on the need for sustainability reporting including action on climate risk through a new reporting regime that aims to set a global baseline. The group has welcomed the International Sustainability Standards Board (ISSB) draft sustainability standards in a joint submission which collectively represents the voice of 20 peak professional, industry and investor bodies in Australia who came together to prepare the joint response to the two exposure drafts.

Australian Climate Bill Is A First Step to Investor Confidence.

27 July 2022

“The introduction of the Climate Change Bill to parliament is an opportunity to unlock hundreds of billions of investment in climate solutions across the economy” said the Investor Group on Climate Change’s Director of Policy, Erwin Jackson today. “The Climate Change Bill outlines initial and critical steps to get Australia on the starting blocks for a net zero emissions economy.

The Investor Agenda releases new guidance for investors to develop and publish ambitious Investor Climate Action Plans

7 July 2022

  • The seven founding partners of the Investor Agenda have released updated ICAPs Guidance to help investors reach a net-zero emissions economy by 2050 or sooner.
  • The ICAPs guidance is designed to accompany the ICAPs Ladder to raise investor ambition on the climate crisis.
  • The updated guidance adds further information on the ICAPs Ladder’s tiers, asset classes, tools and methodologies, sector levels, as well as where to find new resources on topics of increasing importance such as nature, biodiversity, adaptation, and resilience.

Regenerate & Restore – Circular Economy Discussion Paper For Investors

9 June 2022

The Investor Group on Climate Change today released a new discussion paper on The Circular Economy – the systemic approach that has risen to prominence as a key method to address climate change. The paper will be launched at next week’s IGCC Climate Finance Summit in Sydney, before more than 300 institutional investors, corporate leaders, and policy-makers.

Global Net Zero Asset Managers Initiative Grows to 273, A$85.3 trillion

31 May 2022

  • Less than 18 months since the initiative launched, 83 asset managers have set initial targets, with 39% of their assets (USD 16 trillion/ AUD 22.3 trillion) now committed to be managed in line with achieving net zero by 2050 or sooner
  • Most targets are from those who joined the initiative in March and April 2021, with some asset managers also disclosing early or updating their initial targets
  • 53 asset managers have joined the initiative since November 2021, bringing the total to 273, representing more than USD 61.3 trillion (AUD 85.3 trillion) in assets under management
  • New signatories include T.

New Government Has Opportunity to Unlock More Than $130 Billion In Climate Investment

23 May 2022

The new Australian government is presented with an enormous opportunity to unlock billions of dollars of investment in new jobs and industries that will address climate change. Australian and global investors are actively seeking new opportunities to deploy their beneficiaries’ capital and will direct that investment to countries where climate policy is credible, stable and transparent.