Monday 29th June 2015
Broad alliance points to common ground on climate policy
The Australian Climate Roundtable, an unprecedented alliance of major Australian business, union, research, environment, investor and social groups has come together to put the climate policy debate on common ground and offer a way forward.
The Australian Climate Roundtable discussions have involved the Australian Aluminium Council, the Australian Conservation Foundation, the Australian Council of Social Service, the Australian Council of Trade Unions, the Australian Industry Group, the Business Council of Australia, The Climate Institute, the Energy Supply Association of Australia, the Investor Group on Climate Change and WWF Australia.
Australia’s major political parties support the global community’s goal of limiting climate change to less than 2°C above preindustrial levels. Australia should play its fair part in these efforts while maintaining and increasing its prosperity.
Thursday 29th May 2015
Investors write to G7 Governments on long term reduction target
For the attention of the Finance Ministers of the Group of Seven (G-7)
As institutional investors responsible for managing the retirement savings and investments of millions of people or managing endowments, we believe climate change is one of the biggest systemic risks we face. With the right market signals from policy makers, investment in low-carbon and climate resilient opportunities can flow and climate impacts and resulting economic damages can be mitigated. An ambitious agreement in Paris with the aim to limit average global temperature increase to 2°C, as agreed previously by UN countries in Cancun, is a critical first step in this direction.
We therefore urge you to support:
1. A long-term global emissions reduction goal in the Paris agreement;
2. The submission of short to medium-term national emissions pledges and country level action plans.
Tuesday 22nd May 2015
Investors endorse progress on climate change in Paris
From Paris Climate Week today, the Investor Group on Climate Change (IGCC) endorsed the statement of the Business & Climate Summit and its central message to national governments: “We want a global climate deal that achieves net zero emissions – make it happen at COP21”
Paris Climate Week is a private sector led, preparatory event for the UN climate talks in Paris in December this year. IGCC members have been participating in discussions at the OECD on climate finance and in meetings with companies and international peers about policies to support the low carbon transition.
"The positive momentum from business on climate action in Paris has been quite staggering", Nathan Fabian, Chief Executive of the IGCC said.
Tuesday 19th May 2015
Global investors launch platform for climate actions and commitments
Online hub captures wide range of investor climate change initiatives
As companies, investors and policymakers gather in Paris for Climate Week to galvanize momentum ahead of a global deal at COP 21, investors have launched an online platform that for the first time will identify and record the wide range of actions on climate change being undertaken by the global investor community.
The Investor Platform for Climate Actions covers three primary action areas:
- Measurement (e.g. carbon footprinting of portfolios)
- Engagement (e.g. with fossil fuel and energy intensive companies)
- Reallocation (including investment in low carbon assets and shifting capital from emissions intensive activities)
By showcasing the broad range of climate actions being undertaken by the investor community globally, investors are determined to encourage further initiatives and help drive momentum for an ambitious global climate deal in Paris in December.
Friday 8th May 2015
Resignation of IGCC CEO
Investor Group on Climate Change (IGCC) Chairman Frank Pegan today announced the resignation of Nathan Fabian as IGCC's Chief Executive Officer.
Mr. Fabian has served as IGCC’s CEO for six years since 2009.
In his term as IGCC CEO, Mr. Fabian raised the profile of investor concerns on climate change in Australia and internationally.
Under Nathan’s leadership, IGCC has deepened investor knowledge on climate change and advanced the integration of climate risk and opportunity assessment into investor practice. IGCC also more than doubled its number of members and assets under management represented in the group, while making a substantial contribution to climate change policy development in Australia.
Wednesday 22nd April 2015
Global investor groups publish guidance on investing in solutions to address climate change
Solutions guide supports implementation of investors’ actions and commitments on climate change
SYDNEY: The four investor groups on climate change have today published a guide outlining a range of strategies and solutions investors can use to address climate change, including low carbon investment, managing and reducing carbon exposure in portfolios, and engagement, as investors around the world work to scale up their efforts to invest in clean energy and shift to lower carbon assets.
The investment solutions guide follows last year’s Financial Institutions Taking Action on Climate Change report, which concluded that there is a need for actions addressing climate change to be more widely integrated into mainstream investment processes.
Click here to download a copy of the report
Wednesday 22nd April 2015
CCA report pragmatic about Australia’s emission reductions
The Investor Group on Climate Change (IGCC) today welcomed the draft report of the Climate Change Authority on Australia’s future emissions reduction targets.
Based on IGCC's own analysis, which will be included in a submission to the Government’s UNFCCC Taskforce, the CCA has delivered a pragmatic assessment of Australia’s future emissions reduction task and a realistic 2025 target.
Considering the European Union target of -40% by 2030, a United States target of -26% to -28% by 2025 and a commitment from China to cap emissions by 2030, Australia has fallen behind the reforms being undertaken by the world’s major economies.