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We help build our members’ capacity to;
integrate climate risk and opportunities in their investment processes, and
manage their portfolios in line with net zero.
Through working groups, resources, and masterclasses we provide a forum to share experiences, and access to international experts, peer learning, and the latest technical guidance.
Our approach and tools mainly draw on the Net Zero Investment Framework (NZIF) – a globally recognised and widely used methodology by and for investors who have made a net zero commitment .
The team works with IGCC members on implementing net zero commitments and translating those into leading climate-related practices.
For Members
We bring a collaborative approach, supporting Australian and New Zealand investors to accelerate climate progress through;
enhanced climate change policies;
implementing an Investor Climate Action Plan (ICAP); and
commencing or expanding climate in line with emerging global standards.
One to One Engagement
To identify opportunities with our members for further upskilling, development, and progress.
Signatory Support
Preparation and pre-work to become a signatory of NZAM or PAAO.
Masterclasses
Open masterclasses for all members, leading deep-dives on the most pressing climate-finance topics.
Thought Leadership
And roundtables on topical issues with member-led discussions.
Steps Along the Net Zero Journey
Implementing
Participate in working groups and masterclasses
Contribute to IGCC’s policy advocacy
Track progress in the yearly survey
Set public net-zero targets
Leading
Propose and lead IGCC member-led activities
Contribute to thought leadership
Move into higher tiers of the ICAPs ladder
Join a net zero alliance
For the full journey for members, including details on investor transition plans, frameworks, methodologies, and alliances, download our full guide:
Net Zero Journey
Working Groups
Where we share information, build capacity, and work on collaborative projects with members.
Chair: Claire Molinari & Guneet Rana
Climate Solutions Subworking Group
Chairs: Mike Harut (Munro Partners), Allison van Lint (Cbus)
Fosters practical discussions among investors to enhance investment in climate solutions. The group supports members to improve understanding and practices related to climate investment, facilitating knowledge-sharing within the investor community
Real Assets Subworking Group
Chairs: Rick Walters (Aware Super) and Andrew Sellick (QIC)
The group aims to enhance investors’ understanding and capabilities regarding decarbonisation efforts and the management of physical climate risks associated with real assets (real estate and infrastructure). This group focuses on applying and contributing to the development of specific frameworks and guidance, namely the Net Zero Investment Framework (NZIF 2.0) and the Physical Climate Risk Assessment Methodology (PCRAM).
Annual State of Net Zero Survey
Our annual State of Net Zero Survey identifies how Australian and New Zealand institutional investors are acting on climate risk and opportunities. It also sheds light on the barriers and challenges that are preventing faster progress.
The Australian 2025 report:
65 institutional investors
managing $4.2 trillion in Australia
both IGCC members and non-members
Read the 2025 Report
78%
Investors with net zero targets in 2024 (up from 69% in 2023).
54%
Investors have transition plans.
81%
Investors are assessing for physical risk. (Up from 64% in 2023).
The New Zealand 2022 sample:
50 Respondents
managing $230 billion in New Zealand (approximately two-thirds of the total AUM in New Zealand)
both IGCC members and non-members
Read the 2022 findings for New Zealand
26%
Investors with net zero targets in 2022.
34%
Investors with 2030 decarbonisation milestone targets.
8%
Investors with climate solutions targets.
Each year investors are making more progress, but we know that acceleration is crucial for meeting climate goals, and serving their beneficiaries.
The good news is that there are now excellent tools and collaborative initiatives that investors can and must use to move faster than ever before.
Helping investors set and reach 2030 milestones is core to IGCC’s work, as is building resilience to the physical risks from climate change.
Rebecca Mikula-Wright
Chief Executive Officer
Asia Investor Group on Climate Change (AIGCC). Investor Group on Climate Change (IGCC)
Global Climate Investment Initiatives
The Investor Group on Climate Change is the exclusive secretariat in Oceania for the Net Zero Asset Managers (NZAM) initiative and Paris Aligned Asset Owners (PAAO) initiative, the two leading global investor-led efforts to bring about a net zero future.
With more than 350 investors committed globally, the two initiatives catalyse financial flows to support decarbonisation and investment in climate solutions.
Under the initiative asset managers and owners;
set interim targets to progressively reduce emissions to net zero by 2050 and align assets with a 1.5°C pathway;
develop and implement climate action plans;
undertake stewardship such as engaging with investee companies and other assets;
engage with policy makers; and
report annually on their strategy and progress.
The initiatives are partners to the UN Climate Champion’s Race to Zero campaign and alliances of the Glasgow Finance Alliance for Net Zero (GFANZ).
Net Zero Asset Managers (NZAM)
The Net Zero Asset Managers initiative includes 301 investors representing more than US$59 trillion in AUM.
Signatories commit to supporting investing aligned with net zero emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5°.
The NZAM Website
Paris Aligned Asset Owners (PAAO)
The Paris Aligned Asset Owners initiative includes 56 asset owners with more than US$3.3 trillion in AUM.
Signatories commit to transitioning their investments to achieve net zero portfolio emissions by 2050 or sooner, drawing on the Net Zero Investment Framework to set targets, and publishing a climate action plan.
The PAAO website
Australian and New Zealand NZAM and PAAO signatories:
$427bn
assets under management
The Net Zero Investment Framework
The IGCC investor practice team provides guidance on implementing the Net Zero Investment Framework (NZIF) – the leading methodology used by investors globally to set public targets and devise a net zero strategy.
The framework was developed with extensive investor input and accommodates a variety of markets and regulatory settings. The framework is a recognised methodology under the global net zero alliances and includes bespoke asset class supplements.
Key Contact
Contact Lisa Caripis for information: Email lisa.caripis@igcc.org.au .
Latest Investor Practice News, Resources, and Events.
Submission: CCA Evidence Platform to Support Investors on Progress to Net Zero
Submission | Bethany Richards (IGCC), Dr Kate Simmonds (IGCC), Nayanisha Samarakoon (RIAA) and Tori Huggins (RIAA). | 30 April 2026
While the government’s sector decarbonisation plans and National Adaptation Plan and National Climate Risk Assessment are positive steps towards a resilient, net-zero economy, they have been less useful in identifying how much and when climate-aligned investment is required. These documents lack short- and medium-term decarbonisation and adaptation goals and milestones, and don’t provide investment roadmaps across key sectors.
Download
4 May 2026
The Investor Group for Climate Change (IGCC) and the Responsible Investment Association Australasia (RIAA) made a joint submission to the Climate Change Authority (CCA) to strongly support the development of a robust, publicly accessible progress-tracking Platform and commend the CCA for initiating this work at an important moment in Australia's climate transition.
Just Transition in Action – Complement to NZIF Supplementary Guidance for Just Transition
Guide | February 2026
Accompanying the NZIF Supplementary Guidance on Just Transition, ‘Just Transition in Action’ provides practical, real-world examples of how investors can translate just transition principles into practice.
Download
NZIF Supplementary Guidance on Just Transition
Guide | February 2026
The new supplementary guidance builds on NZIF 2.0 by helping investors seeking to integrate just transition considerations into their individual net zero strategies, consistent with fiduciary duties and diverse institutional mandates.
Download
19 February 2026
The Investor Group on Climate Change (IGCC) has released its Strategy to 2030. It sets out how we will help accelerate progress toward a climate-resilient economy that is on track, by 2030, for net zero emissions in 2050.