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Topic: Investor Group on Climate Change
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.
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.
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.
8 November 2021
Limiting climate change to well below 2 degree C temperature rise and ideally 1.5 degrees C as targeted in the Paris Agreement is much more than just possible, it is vital for future Australian and global economic, social, and environmental prosperity. Achieving that goal requires multiple significant transitions across our economy and society.
4 November 2021
4 November 2021 – The formation of the International Sustainability Standards Board (ISSB) during COP26 is a welcome development for investors towards achieving an international baseline for climate risk reporting.
Reaching requirements for globally consistent, comparable, and decision-useful public disclosures is a critical priority for investors. This was one of the five key actions to all governments outlined in the recent Global Investor Statement, the strongest and largest ever call from global investors to governments on climate change.
1 November 2021
43 asset managers share first interim targets for the proportion of assets managed in line with achieving net zero by 2050, and set shorter term targets for reducing emissions within their investments
Signatories disclose that 35% of their total assets under management, totalling USD 4.2 trillion out of a possible USD 11.9 trillion, is being managed in line with achieving net zero by 2050
A record 92 new asset managers representing USD 10.8 trillion in assets join initiative, bringing the total to 220 investors managing USD 57.4 trillion
Network partners managing the initiative set out expectations on fossil fuel investment, asking signatories to adopt robust and science-based policies aligned with a 1.5°C scenario
43 investors have disclosed their first interim targets for the proportion of assets managed in line with achieving net zero by 2050, according to a new progress report released today.
1 November 2021
In response to the release of the National Climate Resilience and Adaptation Strategy by the Australian Government, Investor Group on Climate Change (IGCC), Director of Strategic Projects, Tom Arup, said:
“IGCC welcomes the commitment by the Australian Government to conduct regular national risk assessments of climate change damage and adaptation needs as part of the new National Climate Resilience and Adaptation Strategy, announced by Minister Sussan Ley on Friday.
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.