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Thursday 4th February 2016
Investors welcome Senate inquiry into carbon risk disclosure
The Investor Group on Climate Change (IGCC) welcomes today’s vote to establish the Senate Economics References Committee Inquiry into Carbon Risk Disclosure.
“This is an important milestone in recognising the wide ranging economic implications of climate change for Australia”, said Emma Herd, Chief Executive Officer of the Investor Group on Climate Change (IGCC).
“Australia has a carbon intensive economy which is exposed to the regulatory, physical and market risks of climate change. Investors who are managing financial risk for the long term need to be managing for climate change. Good carbon risk disclosure is the foundation of good risk management”, said Herd.
Sunday 13th December 2015
Investors welcome historic Paris Agreement
The Investor Group on Climate Change (IGCC) congratulates world leaders for concluding an ambitious new climate change agreement.
“The Paris Agreement sends a strong signal to the market that the world is now serious about addressing climate change”, said Emma Herd, Chief Executive of the Investor Group on Climate Change.
“The Paris Agreement has delivered a roadmap for ongoing, global economic transformation”.
“Around 190 countries, representing over 90% of global emissions have officially put forward climate change action plans. If successfully implemented, these national carbon commitments will drive investors to reduce their exposure to high risk, carbon intensive assets and accelerate support for low carbon, climate resilient development”, said Herd.
Friday 4th December 2015
Investors welcome carbon risk financial disclosure task force
The Investor Group on Climate Change (IGCC) welcomes today’s announcement on the establishment of The Task Force on Climate-related Financial Disclosures (TCFD) by the Financial Stability Board (FSB).
“This is an important milestone is recognising the wide ranging financial implications of climate change for all economies”, said Emma Herd, Chief Executive Officer of the Investor Group on Climate Change (IGCC).
“Australia has a carbon intensive economy which is exposed to the regulatory, physical and market risks of climate change. Investors who are managing financial risk for the long term, need to be managing for climate change. Regulators need to have good visibility of the system-wide implications”, said Herd.
Thursday 3rd December 2015
Investors take an active role in Paris
Australian and New Zealand investors are playing an active role in Paris, joining international investor groups in calling for a strong and effective global climate change agreement and demonstrating investor actions to support the low carbon transition.
Institutional investors who are part of the investor networks that make up the Global Investor Coalition on Climate Change are among the largest in the world in terms of assets under management, and have been vocal in calling for meaningful carbon pricing and an ambitious climate agreement in Paris.
Wednesday 18th November 2015
Global investors launch guide to drive engagement on climate risk with the mining sector
A fortnight before the UN Climate Summit in Paris, and as the OECD announces a deal to restrict subsidies to the coal sector, a global network of more than 270 institutional investors (representing assets worth over €20 trillion) has published a guide to drive closer engagement with mining companies around the world on their management of climate risk.
Investor Expectations of Mining Companies – Drilling Deeper into Carbon Asset Risk sets out investor expectations on the approach taken by the Boards of diversified mining companies when responding to tightening carbon constraints.Click here to download a copy of the media release
Click here to download a copy of the report
Friday 30th October 2015
Investors support stronger action to stay below 2°C
Today, the UN Climate Change Secretariat released a new report assessing the aggregate effect of national commitments to tackle climate change against the agreed goal of limiting global warming to two degrees Celsius above pre industrial levels.
The report finds that while global momentum has definitely accelerated, stronger action is needed if the world is going to limit global warming to 2°C and avoid dangerous climate change.
“Until recently, we were staring down the barrel of a 4 or 5 degree world. Significant progress has been made in the lead up to Paris and countries are waking up to the economic benefits of tackling global warming” said Emma Herd CEO of the Investor Group on Climate Change.
Monday 12th October 2015
Global Investor Statement on Climate Change publicised in major global newspapers
On October 12, 2015, IIGCC, IGCC, PRI, UNEP-FI and Ceres’ INCR welcomed progress made on the climate finance package in Lima, Peru, and reiterated the need for a strong global climate deal at COP21 in Paris. The call to action was published in top-tier business and financial journals around the world.