Corporate Engagement We support institutional investors engaging with heavy emitters in the Australian economy, aiming for a level of ambition that aligns with a 1.5° pathway. Corporate engagement helps investors: maximise long-term, risk-adjusted value, reach their portfolio climate targets, improve the climate risk profile of their portfolio, and reduce and mitigate systemic climate risk in the broader economy. Most of our corporate engagement work is linked to the global Climate Action 100+ initiative, and includes company, thematic and sector level decarbonisation engagement across the Australian economy. Our People Richard Proudlove, Director, Corporate Engagement Dani Siew, Senior Manager, Corporate Engagement Key Resources for Corporate Engagement The Investor Group on Climate Change has created foundational pieces of thought leadership for institutional investors. Corporate Climate Transition Plans: A Guide to Investor Expectations March 2022 This report helps companies preparing climate transition plans and investors engaging with companies on their decarbonisation strategies. By summarising existing guidance it provides a clear set of investor expectations on climate transition disclosures. Download Here A Changing Climate: What Investors Expect of Company Directors on Climate Risk November 2021 This report clearly articulates expectations regarding the experience, action and responsibilities that constitute a climate competent board and uses these criteria to assess the climate change governance approaches for significant Australian greenhouse gas emitters. Download Here Supporting Investors on Engagement Coordination of the Corporate Engagement Working Group The all-member Corporate Engagement Working Group is co-chaired by Australian Super’s Andrew Grey (left) and focuses on current and emerging climate stewardship objectives and challenges. Sub-working groups are convened on an as-needs basis to address specific sector or thematic barriers to progress Leading the Implementation of the Climate Action 100+ Initiative As a founding partner of this global initiative, we facilitate investor engagement with 14 ASX-listed companies on climate related risks and opportunities. Visit the Climate Action 100 Website Developing Thought Leadership, Analysis & Guidance On climate risks and opportunities across key sectors and themes (including climate governance, capital alignment, disclosure and target setting). Capacity Building on Engagement Through member briefings, knowledge sharing and master classes on climate related active stewardship challenges, engagement and corporate transition plans. Connecting IGCC Members and Local Signatories to Global Climate Action 100+ Projects Representing IGCC members and local signatories on global Climate Action initiatives, projects and working groups, and facilitating cross-border engagement initiatives. Providing Updates on Global Trends in Stewardship and Engagement Highlighting relevant shareholder resolutions, and global research and initiatives focused on relevant key sectors and themes. Climate Action 100+ We are a founding partner of Climate Action 100+ and facilitate its implementation in Australasia. Climate Action 100+ is the world’s largest investor-led initiative to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change. Read the latest progress report US$68t signatories' combined AUM 80%+ of global industrial emissions produced by focus companies (est). 75% of focus companies now commit to net zero. Net Zero Company Benchmark 2.0 Climate Action100+ assesses companies against the Net Zero Company Benchmark, which was produced in close consultation with investors and has been updated to ensure that it continues to effectively support investors’ engagements. Recent enhancements embed a stronger focus on emissions reductions, alignment with 1.5°C pathways and the robustness of transition plans. Read about the benchmark and the recent updates Australasian Region Focus Companies Climate Action 100+ focuses on the biggest public company emitters. In Australasia this includes companies in the Cement, electric utilities, diversified mining, steel, chemicals, oil & gas, airlines, other industrials, consumer goods & services sectors. Adbri Limited AGL Energy BHP Group Bluescope Steel Boral Incitec Pivot Limited Orica Origin Energy Qantas Airways Rio Tinto Santos South32 Woodside Petroleum Woolworths Group Key Developments for Phase Two The initiative’s new phase, launched in June 2023, updates its core goals, improves and expands the ways investors can participate, enhances the investor engagement model, and updates the list of focus companies to reflect changes like mergers and acquisitions. The new phase, running until 2030, shifts the focus from corporate climate-related disclosure to the implementation of climate transition plans. It intends to inspire a global scale-up in active ownership. Read the media release… Latest Corporate Engagement News, Resources, and Events. 15 Peak Industry Groups Support Mandatory Disclosures 22 April 2024 IGCC has been a long-time supporter of mandatory climate disclosures. AustraliaCorporate EngagementGovernance & DisclosurePolicy & AdvocacyPolicy & Advocacy Working Group “Future Made in Australia” Announcement is a Step Towards a Competitive Economy 12 April 2024 The vision outlined by Prime Minister introducing the Future Made in Australia Act (the Act) is a step towards making Australia competitive in a world accelerating the clean energy transition. AustraliaBuildings & InfrasctructureClimate Solutions & TechCorporate EngagementDecarbonising the EconomyJust TransitionManufacturingPolicy & AdvocacyPolicy & Advocacy Working Group Rio Tinto’s Commitment On Scope 3 Disclosures Welcomed 19 March 2024 From Fidelity International's Daniela Jaramillo, and ACSI's Ed John. AustraliaClimate Action 100+Corporate EngagementCorporate Engagement Working GroupGovernance & DisclosureManufacturingMining IGCC Members Are Custodians of 14.8 Million Australians’ Investments: 2023 Annual Report 8 February 2024 The Investor Group on Climate Change has released its Annual Report for 2023, showing its work with members to mitigate climate risk and leverage the opportunities of the global transition to net zero. AustraliaClimate Action 100+Corporate EngagementCorporate Engagement Working GroupDecarbonising the EconomyEnergyEnergy Transition Working GroupGovernance & DisclosureInvestor Agenda and ICAPsInvestor PracticeInvestor Practice Working GroupJust TransitionMiningNet Zero Asset Managers Initiative (NZAM)New ZealandParis-Aligned Asset Owners Initiative (PAAO)Physical Impacts & ResiliencePhysical Risk & Resilience Working GroupPolicy & AdvocacyPolicy & Advocacy Working Group IGCC Annual Report 2023: The Year in Review Report | Investor Group on Climate Change | 8 February 2024 The Investor Group on Climate Change has released its Annual Report for 2023, showing its work with members to mitigate climate risk and leverage the opportunities of the global transition to net zero.Download AustraliaClimate Action 100+Corporate EngagementCorporate Engagement Working GroupDecarbonising the EconomyEnergyEnergy Transition Working GroupGovernance & DisclosureInvestor Agenda and ICAPsInvestor PracticeInvestor Practice Working GroupJust TransitionMiningNet Zero Asset Managers Initiative (NZAM)New ZealandParis-Aligned Asset Owners Initiative (PAAO)Physical Impacts & ResiliencePhysical Risk & Resilience Working GroupPolicy & AdvocacyPolicy & Advocacy Working Group