Investor Practice 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. The Team Duncan Paterson, Director, Investor Practice Marwa Curran, Investor Engagement Manager Lisa Caripis, Investor Practice Program Manager 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 Starting Join working groups Self-assess using the ICAP’s expectation ladder Develop an action plan 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. Investor Practice Chair: Claire Molinari & Guneet Rana Develops investor solutions for facilitating Australia and New Zealand’s transition to a net zero economy, and tracking global progress. Physical Risk & Resilience Chair: Kate Simmonds Develops solutions to integrate physical risk and resilience into portfolio management, and drive investment in climate adaptation. 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 2022 sample: 53 institutional investors; managing $2.1 trillion in Australia (approximately 60% of the total AUM in Australia); and both IGCC members and non-members. Read the 2022 findings for Australia 70% Investors with net zero targets in 2022 (up from 28% in 2020). 35% Investors with 2030 decarbonisation milestone targets. 21% Investors with climate solutions targets. The New Zealand 2022 sample: 50 Respondents managing $331 billion in Australia (approximately 73% of the total AUM in New Zealand); and 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: 17 asset managers 5 asset owners $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. Investor Practice Working Group Meeting Working Group Meeting | Online via Zoom | 14 May 2024 @ 11:00 am - 12:00 pm Timezone: Australia/Sydney Climate Solutions & TechDecarbonising the EconomyInvestor PracticeInvestor Practice Working GroupNet Zero Investment Framework New In-Depth Resource: Uses and Limitations of Investee Scope 3 Disclosures for Investors 19 March 2024 Our new resource looks at the state of play in this tricky but important area. It also includes practical steps investors can take now to meaningfully report on investee’s scope 3 emissions. AustraliaGovernance & DisclosureInvestor Agenda and ICAPsInvestor PracticeInvestor Practice Working GroupNew Zealand Uses and Limitations of Investee Scope 3 Disclosures for Investors Guide | Lisa Caripis | 19 March 2024 This resource looks at the state of play in this tricky but important area. It also includes practical steps investors can take now to meaningfully report on investee’s scope 3 emissions.Download AustraliaGovernance & DisclosureInvestor PracticeInvestor Practice Working GroupNet Zero Asset Managers Initiative (NZAM)New ZealandParis-Aligned Asset Owners Initiative (PAAO) Submission: Draft legislation for climate reporting critical for attracting investment capital in Australia Submission | Amy Quinton | March 1 2024 As major markets move to mandate climate-related financial disclosures, these new requirements will help Australia remain a competitive destination for investment capital. These reforms are a natural evolution of Australia’s strong corporate governance framework to promote efficient and resilient markets. IGCC’s Submission to Treasury’s consultation on Exposure Draft legislation: Supports Download AustraliaGovernance & DisclosureInvestor PracticeInvestor Practice Working GroupPolicy & AdvocacyPolicy & Advocacy Working Group Submission: Draft legislation for climate reporting critical for attracting investment capital in Australia 12 March 2024 New draft legislation for reporting on climate-related financial risk and opportunity is a critical step for attracting investment capital in Australia AustraliaGovernance & DisclosureInvestor PracticeInvestor Practice Working GroupPolicy & AdvocacyPolicy & Advocacy Working Group