Investors got the signal - Actions in 2016 since the Paris Climate Agreement
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IGCC Submission to Senate Economics References Committee Inquiry into carbon risk disclosure
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Assessing Climate Change Risks and Opportunities for Investors:
All publications viewable with PDF reader.
Tuesday 13 December 2016
Energy reform is urgent to avoid systemic crisis
Representatives of Australia’s communities, households, business energy users and energy suppliers today called on the Commonwealth Government, the States and all other stakeholders to support reform of Australia’s energy systems and markets to ensure reliability and affordability as we decarbonise the energy system. The status quo of policy uncertainty, lack of coordination and unreformed markets is increasing costs, undermining investment and worsening reliability risks. This impacts all Australians, including vulnerable low-income households, workers, regional communities and trade-exposed industries.
Monday 5 December 2016
2017 Climate Change Review must support investment certainty
The 2017 Climate Policy Review must deliver greater investment certainty through a clear and credible set of climate change policies able to support Australia’s international commitments.
“The Investor Group on Climate Change welcomes the release of the Terms of Reference for the 2017 Climate Policy Review”, said Emma Herd, Chief Executive Officer for the Investor Group on Climate Change (IGCC).
Monday 21st November 2016
Investors update guidance to strengthen engagement on climate risk with oil and gas companies
In a move designed to ensure oil and gas majors do far more to address the climate change challenge, global investors from Europe, North America, Asia and Australasia have today published an updated second edition of their guide setting out the challenges facing the sector and investor expectations for how oil and gas companies must act to adapt their business strategies to a 2°C climate change pathway.
Thursday 10th November 2016
Investors welcome ratification of the Paris Agreement
The Investor Group on Climate Change (IGCC) welcomes the announcement that Australia has ratified the Paris Agreement.
“Investors strongly endorse the Paris Agreement and welcome today’s decision by the Australian Government to ratify the Paris Agreement.
“This announcement sends an important signal to the world that Australia supports action on climate change. We now need to focus on scaling up our policy response to help achieve the goals of the Paris Agreement to limit global warming to less than 2°C”.
Thursday 10th November 2016
Global investors acting on climate change
The Investor Group on Climate Change (IGCC) has joined global investor groups in releasing a new snapshot of the actions investors have taken since the Paris Agreement was finalised.
Investors Got the Signal: Actions in 2016 since the Paris Agreement highlights practical examples of the steps investors have taken in 2016 to engage with companies on carbon-reducing strategies, deploy capital to low carbon assets, decarbonise investment portfolios and engage with policymakers.
“The Paris Agreement sent a huge market signal to investors that carbon risk is a financial risk and a major opportunity for low carbon growth. Around the world investors are responding, embedding carbon into risk processes and scaling up investment in low carbon assets”, said Emma Herd, Chief Executive of the Investor Group on Climate Change (IGCC).
“The election of Donald Trump as US President is concerning for investors and the uncertainty it brings to international collaboration on climate change. We cannot afford to let short term political shocks undermine our resolve to implement hard fought policy frameworks built on decades of work”.
Thursday 13th October 2016
New Parliamentary inquiry on coal closures
The Investor Group on Climate Change (IGCC) notes the establishment of a new Parliamentary Inquiry on the closure of coal fired energy generation facilities in Australia, addressing the need to decarbonise our electricity sector, manage community impacts and increase resilience to climate change.
“Reviewing how best to manage the retirement of carbon-intensive ageing coal fired generation is an important component of the integrated energy challenge. Getting it wrong will have significant implications for investors, communities and asset owners alike. Having a plan for an orderly and fair transition is vital”, said Emma Herd, Chief Executive Officer of the Investor Group on Climate Change (IGCC).
Today, the Senate referred a new Inquiry to the Environment and Communications References Committee to review the closure of coal fired generation and ensure a Just Transition for impacted communities in line with Australia’s commitments under the Paris Agreement. This follows the Select Committee into Resilience of Electricity Infrastructure in a Warming World established earlier in the week.Click here to read the media release
Tuesday 11th October 2016
Less than a week after the UN confirmed the Paris Agreement would come into effect on 04 November this year, a global network of more than 250 institutional investors (representing assets worth over $24 Trn) has published a guide setting out the threats facing the automotive sector and investor expectations for how these companies must shift gear to adapt their business strategies to address climate related risk and build a sustainable low carbon transport system for the future.
Launching Investor Expectations of Automotive Companies - Shifting gears to accelerate the transition to low carbon vehicles Stephanie Pfeifer, CEO for European investor network IIGCC said, “This guide signals a new area of concerted engagement between big investors and one of the most significant sectors when it comes to tackling the climate challenge. As a consequence of the Paris Agreement, investors expect regulatory frameworks affecting the automotive sector to become far more stringent, not least those governing vehicle fuel performance standards in the EU and elsewhere. Several automotive companies have already recognised they must increase capital expenditure in sustainable driving technology and product pipelines if they are to develop a climate resilient business model. Likewise, that they must engage with policy makers to ensure sustainability is placed at the heart of the industry’s future.”
Tuesday 6th September 2016
To mark the launch of the new Asia Investor Group on Climate Change (AIGCC) today in Singapore, the group is releasing the most comprehensive analysis to date of climate finance sector activity in Asia.
The report – Investing for the climate in Asia undertaken by Asia Research and Engagement (ARE), with the support of Australia and New Zealand Banking Group Limited (ANZ), reviewed the disclosure of leading domestic financial institutions across the Asia Pacific region to understand the state of the finance industry’s response to climate change. This review included 36 banks, 30 investors, and 24 insurers.
It revealed a significant shift toward embedding climate risk and responsible investment into core business activities. However, much remains to be done, with financial regulators needing to take steps to help catalyse the shift to low carbon investment in order to reduce systemic risks and improve competitiveness.Click here to download the media release
Thursday 1st September 2016
Investors respond to Climate Change Authority Report
The Investor Group on Climate Change welcomes the release of the Climate Change Authority (CCA) report as a useful contribution to the debate on how best to scale up Australia’s climate change policy settings, but remain concerned about the need for strong, effective policies.
“We welcome the CCA focus on providing greater certainty for investors on Australia's climate change policy settings”, said Emma Herd, Chief Executive of the Investor Group on Climate Change (IGCC).
“Investors are looking for policy built on clear market signals. Where those policy settings are credible, capital will flow.”Click here to download a copy of the media release
Wednesday 24th August 2016
Investors Press G20 to Ratify Paris Agreement Swiftly & Expand Low Carbon / Green Investment
130 investors ($13 Trillion AUM) also urge G20 to double global investment in clean energy, strengthen climate disclosure, adopt carbon pricing and phase out fossil fuel subsidies. Click here to download a copy of the media release
Monday 19th July 2016
Investors welcome new Minister for the Environment and Energy
The Investor Group on Climate Change welcomes the appointment of Josh Frydenberg as Minister for the Environment and Energy.
“We look forward to working with Minister Frydenberg on behalf of investors focused on climate change”, said Emma Herd, Chief Executive Officer of the Investor Group on Climate Change (IGCC).
“Investors welcome a more integrated approach to energy and climate policy in Australia”.
“There are significant issues requiring attention in the energy sector as we look to balance decarbonisation and growth. At the same time, we can’t lose sight of the urgent challenges for Australia’s economic future which climate change presents.”Click here to download a copy of the media release
27 Aug 2015 3:07 PM • Emma Herd
TCFD briefings with Dr Fiona Wild,
2017 Summit, Melbourne
Sept/Oct - dates will be announced soon
Beyond Paris -
Date: Friday 11th November,
Investors showcased actions to manage climate risk and seize low-carbon opportunities
Watch the webcast
Read the GIC publication Investors got the signal: Actions in 2016 since the Paris Climate Agreement
Climate adaptation finance workshop: Path to market - Progressing catalytic investments in climate adaptation
Dates: 23rd of September, 9:00am - 4:30pm
Launch of the Asia Investor Group on Climate Change (AIGCC) – a side-event of PRI in Person 2016
Dates: 6th of September
Read the report Investing in the climate for Asia
IGCC, PRI & RICS Australian Launch breakfast: Sustainable Real Estate Investment
Dates: 13th of May
IGCC Summit 2015
Dates: 6th and 7th of October
The IGCC Summit was a huge success thanks to the sponsors, speakers and over 240 delegates that attended the event.
Event presentations, videos and photos are available via the link below.
For more information please contact:The IGCC Secretariat
PO Box Q937
Queen Victoria Building NSW 1230
Tel: +61 2 9255 0290