Topic: Investor Group on Climate Change

Climate Action 100+ Net Zero Company Benchmark 2022

30 March 2022

30 March: New assessments released today by Climate Action 100+, the world’s largest investor engagement initiative on climate change, show some corporate climate progress against key climate indicators, but find much more action is urgently needed from focus companies to support global efforts to limit temperature rise to 1.5°C. Globally
  • While 69% of focus companies have set commitments to achieve net zero emissions by 2050 or sooner, overall Benchmark finds companies have failed to show progress across key indicators, including disclosure of 1.5°C-aligned medium-term emissions targets and capex strategies.

$919 Billion Climate League Records first year progress towards 45% emissions cuts by 2030.

9 March 2022

Financial institutions managing more than $919 billion today reported their first year’s progress supporting 45% emission cuts by 2030, as part of the Climate League 2030 initiative:
  • Three quarters of Climate League participants have now announced their emissions reduction targets.
  • A sixth have cut fossil fuels from their portfolios, and an additional 37% are currently phasing out investment in carbon-intensive sectors and companies.

Investors’ Clear Standard for Businesses’ Climate Plans.

3 March 2022

The Investor Group on Climate Change (IGCC), whose members hold more than $33 trillion in global AUM, has today released a clear set of investor expectations for Australian businesses’ climate plans. While more Australian and New Zealand businesses have been releasing their plans to decarbonise their operations, the plans’ quality and credibility is often inadequate, or hard-to-assess.

The latest IPCC Working Group II report must accelerate climate action

28 February 2022

The latest IPCC report highlights why climate is a systemic risk to the economy and investment. The immediate and long term interests of every Australian and New Zealander, including IGCC members’ beneficiaries, can only be served if governments and businesses rapidly decarbonise, cutting emissions and helping to limit global warming. Governments and corporations should therefore expect stronger pressure from superannuation funds and institutional investors who are accelerating climate action plans on behalf of their clients.

Aotearoa New Zealand climate disclosure must meet global best practice: new report

27 January 2022

Reporting standards for New Zealand’s landmark climate risk disclosure regime must match emerging global best practice. That will help ensure the country’s economic competitiveness in international capital markets, according to new analysis from the Investor Group on Climate Change (IGCC). A full copy of the report can be downloaded here (pdf) The report, which studied the emerging international trends in the rules governing climate risk disclosure from companies, banks, investors and other market participants, finds several key trends emerging from major markets like Europe, Asia and the United States that should be incorporated into New Zealand reporting rules.

New case studies aim to generate more investor climate action plans and accelerate the global net-zero transition

12 January 2022

The Investor Agenda highlights the leading best practices from Allianz, Aware Super, CalSTRS, Cathay Financial Holdings, FAMA Investimentos, IFM Investors, Mirae Asset Global Investments, PensionDanmark, Sumitomo Mitsui Trust Asset Management, UniSuper in issuing and implementing Investor Climate Action Plans (ICAPs) 12 January 2022 – In an effort to generate more worldwide momentum that will lead to more institutional investors issuing and implementing bold climate action plans, The Investor Agenda published today a set of case studies highlighting the leading best practices for Investor Climate Action Plans (ICAPs).

Stronger 2030 emissions reductions targets will unlock investment opportunities in Australia

3 December 2021

December 3 2021
In response to the Australia Labor Party’s announcement of an emissions target of 43 percent below 2005 levels by 2030 Rebecca Mikula-Wright, CEO of The Investor Group on Climate Change (IGCC) stated: “The climate announcement made by the Labor Party today is closer to what investors need to ensure investment certainty.

Investors call for company board directors to lead the transition to net zero emissions

15 November 2021

Key points:
  • Investors are increasingly putting pressure on company board directors to address the systemic risks of climate change.
  • Many Australian company directors of climate risk exposed companies lack the skills or experience in climate change risk, company transformation and disruption that they will require to lead the corporate transition to net zero emissions by 2050.

COP26 signals accelerated zero carbon investment drive; severe climate risks remain

14 November 2021

Commitments made in advance and during COP26 have put keeping global warming to 1.5°C within reach, accelerating investment towards net zero emissions. Stronger policies and 2030 targets are still required to unlock the trillions of dollars required to avoid the worst impact of climate change. “Global warming of above 1.5°C presents irreversible, foreseeable and large-scale risks to investors and financial markets,” Rebecca Mikula-Wright, Chief Executive Officer of the Investor Group on Climate Change (IGCC), said.

Investors and diversified mining companies join forces to develop a net zero standard for the sector in a world first

9 November 2021

9 November 2021 – Climate Action 100+, the world’s largest investor engagement initiative on climate change, today has announced a world-first collaboration with eight major diversified mining companies to progress the decarbonisation agenda for the sector. The initiative aims to set out a reliable standard for net zero for the mining sector which represents an estimated 4-7% of global emissions.