The four regional climate change investor groups IIGCC (Europe), INCR (North America), IGCC (Australia & New Zealand) and AIGCC (Asia) have formed a global coalition. The coalition will conduct shared initiatives on climate policy, international agreements and international projects of common interest. Domestic policy positions and services to members will remain the purview of the regional member groups. Called the Global Investor Coalition on Climate Change, the coalition will provide a global platform for dialogue between and amongst investors and governments on international policy and investment practice related to climate change.
The purpose of the INCR is to promote better understanding of the risks of climate change among institutional investors. INCR encourages companies in which its members invest to address any material risks and opportunities to their businesses associated with climate change and a shift to a lower carbon economy. Climate risk includes financial, fiduciary and liability risk ensuing from climate change. For more information on the INCR please see their website at http://www.incr.com.
The Asia Investor Group on Climate Change (AIGCC), established in 2011, aims to support asset owners and financial institutions in assessing the risks and opportunities associated with climate change through constructive engagement with companies, and assist in the formation of thoughtful government policy. It is an initiative built on a decade of work on pensions and climate change by the Association of Sustainable and Responsible Investment in Asia (ASrIA). For more information on the AIGCC please see their website at http://aigcc.asria.org.
The Group has the following objectives:Capability – Understand the Asia specific risks and opportunities of climate change