Topic: Investor Group on Climate Change
28 October 2021
The Investor Group on Climate Change (IGCC) has welcomed the commitment of four New Zealand Crown investors, which collectively hold more than NZ$110 billion in assets, to align their portfolios with net zero emissions by 2050 in a landmark announcement on Thursday.
IGCC is one of the global conveners of the Paris Aligned Investment Initiative (PAII) through which NZ Super Fund, the Accident Compensation Corporation, Government Superannuation Fund and the National Provident Fund have joined the Net Zero Asset Owners Commitment.
27 October 2021
A record 733 institutional investors from around the world, with more than US$52 trillion in assets under management, have signed an ambitious statement to governments ahead of COP26, calling for a number of measures that would help avoid catastrophic temperature rise and manage climate risk. These include measures to end fossil fuel subsidies, phase out thermal coal-based electricity, and mandate climate risk disclosure.
26 October 2021
- Investors are ready to invest billions into Australia’s net zero transition.
- Australia not updating its 2030 targets risk limiting the ability of capital to support the climate solutions Australia needs.
- Strong policies can unlock $131 billion in new technology and jobs by 2030.
26 October 2021 – Australia’s commitment to net zero emissions by 2050 is an important long-term signal to investors, the Investor Group on Climate Change said today.
18 October 2021
- A Report Card of G20 countries’ climate policies finds Australia is one of the least attractive green investment destinations
- Strong 2030 emissions targets, net zero by 2050 and mandatory climate risk disclosure can close the gap and attract investment
- Investors with over US$46 trillion in assets are calling on G20 leaders to act as the most consequential international climate conference since Paris approaches
- G20 countries have a lot of work to do to ensure climate risk is effectively managed
18 October 2021 – An assessment released today by three major global investor groups finds that G20 countries have significant policy barriers deterring investment in the opportunities to tackle the growing climate crisis.
29 September 2021
The NSW Government has announced it will halve emissions below 2005 levels by 2030. Following the announcement, Investor Group on Climate Change CEO, Rebecca Mikula-Wright, said:
“The commitment by the NSW Government to halve emission by the end of the decade will create a strong signal to capital markets and support attracting billions in fresh investment in clean industries and infrastructure.
24 September 2021
The Investor Group on Climate Change (IGCC) has welcomed a speech by Australian Treasurer Josh Frydenberg recognising the growing link between national economic competitiveness and the nation’s climate change response.
IGCC Chief Executive Officer, Rebecca Mikula-Wight, said global capital markets were rapidly shifting to integrate climate change risks into investment decisions, meaning there is now trillions of dollars in capital looking for net zero investment opportunities in those countries and companies that establish the right targets and policies to attract it.
20 September 2021
• Paris Aligned Asset Owners group grows to 40 investors with combined assets under management of USD 2.35 trillion
• New joiners to the initiative include HESTA – the first Australian signatory – as well as number of Danish pension funds, Railpen, Tesco Pension Investment and Elo Mutual Pension Insurance Company
• Investors commit to achieving net zero portfolio emissions by 2050 or sooner, engaging with this target in mind, and increasing investments in climate solutions
• Signatories join at the start of Climate Week NYC 2021, boosting membership of the Race to Zero campaign
12 new asset owners have joined the 28 existing signatories to the Paris Aligned Investment Initiative Net Zero Asset Owner Commitment, bringing the total signatories to the initiatives to 40 asset owners, collectively responsible for more than USD 2.36 trillion in assets.
14 September 2021
14 September 2021 In the run-up to the most consequential United Nations climate change conference in years, and on the heels of another urgent warning from the world’s leading scientists, a record number of 587 investors with US$46 trillion in assets under management are urging governments to rapidly implement five priority policy actions that will allow them to invest the trillions needed to respond to the climate crisis.
18 August 2021
18 August 2021 IGGC’s recent investor survey provides insights into how Australian and New Zealand investors are responding to climate risk and net zero investment opportunities, representing collective views of Australian and New Zealand investors with funds representing over AU$3.1 trillion total assets under management globally. Surveyed in June 2021, investors include superannuation funds, asset managers and sovereign wealth funds.
26 July 2021
26 July 2021 A new report from the Investor Group on Climate Change (IGCC) released today highlights the important role of investors in a just transition to net zero emissions for Australian communities and workers.
Empowering Communities: how investors can support an equitable transition to net zero details the opportunities and challenges for investors in helping ensure a just transition for those communities that are currently economically-tied to fossil fuel industries.