Topic: Investor Group on Climate Change
29 June 2021
29 June 2021 A plan for Australia to adopt a mandatory financial disclosure for climate change risks over the next four years has been released by major investor networks to help cut red tape for business and protect national economic stability.
The roadmap details the actions Australian financial regulators and the Federal Government can take to build on existing work and further ensure there is clear and consistent reporting from companies, investors, banks and insurers that will produce investable disclosure and ensure financial markets can properly price and act on the physical and transitional risks of climate change.
11 June 2021
457 investors managing more than US$41 trillion in assets have released a new joint statement to all world governments urging a global race-to-the-top on climate policy and warning that laggards will miss out on trillions of dollars in investment if they aim too low and move too slow. This represents the largest collective assets under management to sign on to a global investor statement to governments on climate change since the first statement in 2009.
9 June 2021
In response to the final recommendations of the New Zealand Climate Change Commission, Investor Group on Climate Change (IGCC) Director of Policy, Erwin Jackson, said:
“The Commission’s final report provides an important set of recommendations to accelerate New Zealand’s transition to net zero emissions that can help drive investment in clean industries and infrastructure.
20 May 2021
Investors called on to lay out comprehensive Investor Climate Action Plans (ICAPs) in line with reaching the goal of a global net-zero emissions economy by 2050 or sooner
The founding partners of The Investor Agenda released today a new tool to enable institutional investors to step up action to tackle the climate crisis and accelerate the transition to a net-zero economy.
17 May 2021
- ISPT, Teachers Mutual Bank Limited, TelstraSuper and U Ethical latest to join the initiative
- Teachers Mutual becomes the first banking participant
- 20 organisations are now supporting deeper Australian emissions reductions through Climate League 2030
Four new financial organisations, including the first participating bank, have signed onto Climate League 2030 – a ten-year initiative to support and act towards a further Australian emissions reduction of at least 230 million tonnes a year by the end of the decade.
2 May 2021
2 May 2021 In response to the announcement by the Victorian Government that it will pursue a 45-50 per cent emissions reduction from 2005 levels by 2030, Director of Policy at the Investor Group on Climate Change, Erwin Jackson, said:
“Victoria’s 2030 emissions reduction goal is consistent with those established by many of Australia’s developed nation counterparts and trading partners in the G20, including the US, Japan, Canada and the European Union.
29 April 2021
Chief Executive Officer of the Investor Group on Climate Change (IGCC), Emma Herd, will step down after six years in the role marked by a rapid acceleration in climate action from Australian and New Zealand institutional investors.
Ms Herd joined IGCC in 2015 following fifteen years in sustainable finance in the banking sector.
23 April 2021
23 April 2021 Australia and New Zealand risk falling behind in the global race to attract private capital investment in net zero emissions industries and infrastructure after President Biden committed the United States to reduce its greenhouse gas emissions by 50-52 per cent from 2005 levels by 2030.
Analysis by the Investor Group on Climate Change (IGCC) shows the new US target is now one of the strongest emissions reduction commitments amid the G20, only slightly behind what has been adopted by the United Kingdom and European Union (EU) nations.
22 April 2021
}”In response to the
release of the Australian Prudential Regulation Authority’s (APRA) draft Prudential Practice Guide on Climate Change Financial Risk, Chief Executive Officer of the Investor Group on Climate Change (IGCC), Emma Herd, said:
“This is critical work from APRA that will go a long way to consolidating the accelerating action across the financial sector to address the systemic financial risks created by climate change.
21 April 2021
- Ahead of Earth Day and Leaders Summit on Climate, initiative announces it now includes BlackRock, Vanguard, and State Street Global Advisors
- Asset managers promise to work with clients to reach net zero emissions by 2050 or sooner and set 2030 emissions reduction targets
More of the world’s largest asset managers announced today that they are joining the Net Zero Asset Managers initiative, a clear sign that the global movement for a net-zero emissions economy is growing stronger and more determined.