Nearly 400 investors with US$32 trillion in assets step up action on climate change
SAN FRANCISCO, 12 SEPTEMBER 2018 – The Investor Agenda launched today in San Francisco will support investors in accelerating and scaling-up the actions that are critical to tackling climate change and achieving the goals of the Paris Agreement. Its launch also demonstrates the significant momentum already evident, with 392 investors with US $32 trillion in assets collectively under management, using The Investor Agenda to highlight climate action they are already taking and making new commitments.
Announced as part of PRI in Person and the Global Climate Action Summit, The Investor Agenda provides a way for investors to directly report actions they are taking, and scale-up their commitment to act, across four key focus areas: Investment, Corporate Engagement, Investor Disclosure, and Policy Advocacy.
Capturing new data, the Investor Agenda seeks over time to reflect the full breadth and scale of global investor-led action on climate change. Bringing together and helping drive participation in a broad range of global investor initiatives, it also supports investors in taking greater action. This offers benefit to investors, in being able to better manage climate risks and capture low-carbon opportunities as a result, while also scaling-up the investor led contribution to achieving the goals of the Paris Agreement. Showcasing investor leadership on climate change will also be used as a way to inspire bolder commitment from investors and their peers, raising the bar and building on existing momentum.
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Climate Action 100+ investors scale up engagement with greenhouse gas emitters, add more focus companies to drive clean energy transitionDownload
Climate Action 100+ investors scale up engagement with greenhouse gas emitters, add more focus companies to drive clean energy transition
More influential investors including AllianceBernstein, Mitsubishi UFJ Trust and Banking Corporation, USD $43 billion UK pension pool Boarders to Coast Pension Partnership, and USD $64 billion Australian pension fund UniSuper sign on to initiative.
3 July 2018: Investor signatories to Climate Action 100+ have scaled up engagement with systematically important greenhouse gas emitters, while expanding their focus list of companies, adding 61 companies (Known as the + list) that have significant opportunities to drive the clean energy transition and help achieve the goals of the Paris Agreement.
Launched in December 2017 at the One Planet Summit, with 225 investors with $26 trillion in assets under management, Climate Action 100+ is now backed by 289 investors with nearly $30 trillion in assets under management, mobilising across 29 countries. The full list of investor signatories can be found here.
Launch of Japanese translation “Integrating Climate Change into Investment Strategy: A Guide for Investors” 気候変動を 投資戦略に組み入れる: 投資家向けガイドDownload
Launch of Japanese translation “Integrating Climate Change into Investment Strategy: A Guide for Investors” 気候変動を 投資戦略に組み入れる: 投資家向けガイド
April 11, 2018
AIGCC is launching the Japanese translation of the “Integrating Climate Change into Investment Strategy: A Guide for Investors” at RI Asia in Tokyo today.
Asian investors can protect long-term returns by taking greater measures to manage climate risk. This is one of the key messages in a comprehensive climate change investor guide that is being launched in a Japanese translated version today at the RI Asia event in Tokyo by the Asia Investor Group on Climate Change (AIGCC).
‘SumiTrust has been integrating climate change for many years and continues to be actively involved in local and international climate focused initiatives’, said Seiji Kawazoe, Associate General Manager at Sumitomo Mitsui Trust Bank, Ltd and AIGCC member. ‘We are proud to be involved in this guide and look forward to discussing it with our peers in Japan.’
“There is no one-size-fits-all approach to addressing climate change, which the investor guide clearly highlights,” said Arisa Kishigami, Head of ESG, Asia Pacific, FTSE Russell. “As a welcoming additional tool, the report balances common frameworks with a diverse range of specific case studies which investors can learn from and adapt to their individual needs. Arisa is also a working Group member of AIGCC and Management committee member of Japan Sustainable Investment Forum (JSIF).
See full media release.
Global investors launch new initiative to engage largest corporate Greenhouse Gas Emitters at One Planet SummitDownload
Global investors launch new initiative to engage largest corporate Greenhouse Gas Emitters at One Planet Summit
100 investors with more than USD $15 trillion in assets under management have committed to addressing climate change with the companies they invest in
PARIS 12 December 2017 – A new global initiative to harness the power of the world’s most influential institutional investors committed to in-depth engagement with the world’s largest corporate greenhouse gas emitters — Climate Action 100+ — is launched today at the One Planet Summit, hosted by the French Government exactly on the second anniversary of the Paris Agreement.
New climate change integration guide for investors launched at ChinaSIF, Beijing
Launch of new Asia climate change investor guide
Asian investors must face up to major climate risks
Asian investors can protect long-term returns by taking greater measures to manage climate risk.
This is one of the key messages in a comprehensive new climate change investor guide launched today at the China SIF summit in Beijing by the Asia Investor Group on Climate Change (AIGCC).
See here for full Media Release in English
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Executive Summary (English)
整合气候变化：投资人指南执行摘要 (Executive Summary – Chinese)
亚洲投资人团体气候变化委员会整合气候变化指南 – 投资人举例 (Investor Examples – Chinese)
Investors rally to turn COP23 talk into action
Bonn, November 13, 2017. The US government may have announced plans to pull out of the Paris Agreement but this has not derailed climate progress around the globe as investors, governments and other stakeholders look to ramp up their climate commitments at COP23.
According to a new survey published in September by financial market researchers East & Partners on behalf of HSBC, institutional investors are gearing up to plough increasing amounts of cash into the low carbon transition, with two-thirds saying they plan to increase their level of investment in climate mitigation efforts.
“We are seeing remarkable progress and resolve around the globe by investors and companies on tackling climate change,” said Mindy Lubber, CEO and president of the sustainability non-profit organization Ceres. “Climate risk is a defining corporate challenge of the 21st century. Those that fail to take action will be putting their future at increased risk of failure and those that act will reap the rewards.”
Disclosure on how companies plan to transition their businesses to a low carbon environment is seen as key for investors to better plan their investment strategies. It has also been a fundamental part of the Financial Stability Board (FSB) Task Force on Climate-related Financial Disclosures (TCFD) recommendations, announced in June 2017, which are focused on improving clarity and comparability of climate disclosures, across four corporate areas: Governance, Strategy, Risk Management; and; Metrics and Targets.
“We believe the TCFD’s robust framework provides an essential foundation for investors and others to better assess and effectively price climate-related risks and opportunities, so disclosure of this kind must become a routine part of annual corporate reporting practice,” said Stephanie Pfeifer, chief executive of the IIGCC.
“The recommendations make a great leap forward in standardizing climate-related financial disclosure and enabling investors to compare impacts across companies and sectors,” added Mark Campanale, founder and executive director of Carbon Tracker.
To showcase how investors, the finance sector and companies are working with each other and governments to ensure greater disclosure of climate-related financial information, a side event: Actions on Disclosure of Climate Risks and Opportunities, will be held on at COP23 on 15 November. The event will include two panel discussions with experts from the finance and business sectors. The event is being organised by AIGCC, Carbon Tracker, CDP, Ceres, IGCC, IIGCC, PRI, and UNEP FI.
“The TCFD recommendations represent an important milestone in the recognition of climate change—which our signatories have identified as their biggest concern—as a systemic financial risk. This is why, beginning in 2018, the PRI will start to align its reporting framework to the recommendations,” said managing director, Fiona Reynolds.
“The TCFD recommendations are already helping Australasian investors understand how the effects of climate change and the market response will impact portfolios and to identify investment solutions to build resilience and generate low carbon returns”, said Emma Herd, Chief Executive Officer of the Investor Group on Climate Change.
A hallmark of the TCFD’s disclosure framework is the recommendation that organisations provide climate-related financial disclosures in their main annual financial filings, and that companies determine materiality for climate-related issues consistent with how they determine the materiality of other information included in their filings.
“As a result of increasing levels of investor support for climate disclosure more than 6,200 companies have disclosed their climate performance through CDP this year. The TCFD recommendations will help further strengthen and scale disclosure and ensure we close the loop on climate risk in capital markets.” noted Paul Simpson, CEO of CDP.
“Investors in Asia are beginning to realise the material risks of ESG issues, particularly climate change, to their portfolios, so the recommendations provide essential guidance on what they should be asking from the companies in which they invest,” said Rebecca Mikula-Wright, Director of the AIGCC.
“The TCFD framework – through its emphasis on forward-looking assessments and scenario analysis – has the potential to get corporate and financial organisations to more fully understand – and disclose – the climate-related risks and opportunities they face. At UNEP FI, we will support our members in adopting the recommendations and help accelerate TCFD disclosure practice in the financial industry.” explained Eric Usher, Head UNEP FI.
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Al Gore joins unprecedented Asian investor climate change roundtable
13 September, Singapore: Convened by the Asia Investor Group on Climate Change (AIGCC), an unprecedented gathering of investors representing $3.5trn in assets and former US Vice President Al Gore, met in Singapore this week to discuss climate change risks and opportunities as part of the Milken Asia Summit 2017.
UPDATED – LETTER FROM GLOBAL INVESTORS TO GOVERNMENTS OF THE G7 AND G20 NATIONS
Nearly 400 global investors (managing more than $22 trillion in assets) urge G20 to stand by Paris Agreement and drive its swift implementation.
UPDATE: London/NY/Sydney 00.01 GMT Monday 03 July 2017 (revised from material previously issued on 8 & 22 May 2017)
Long-term institutional investors (390 representing more than USD 22 trillion in assets) have written to G20 leaders urging governments to stand by their commitments to the Paris Agreement at their upcoming Summit in Hamburg on 07- 8 July 2017.
Underscoring the urgency of action by G20 nations to implement the global climate pact and echoing a message previously delivered to the G7, investors call on G20 leaders to:
- Reiterate their support for and commitment to implement the Paris Agreement, including the delivery of their own Nationally Determined Contributions in full.
- Bring forward focused and targeted long-term climate and energy plans that will ensure their future actions align with commitments under the pact to keep global average temperature rise to well below 2°C above pre-industrial levels and preferably to 1.5 °C.
- Drive investment into the low carbon transition through aligning climate-related policies, phasing out fossil fuel subsidies and introducing carbon pricing where appropriate.
- Implement climate-related financial reporting frameworks, including supporting the Financial Stability Board Task Force on Climate-related Financial Disclosures’ recommendations.
Regional investors support better business reporting on climate change through TCFD
Investors across Australia, New Zealand and Asia have welcomed the release of the Financial Stability Board Taskforce on Climate-Related Financial Disclosures (TCFD) final recommendations.
This industry-led taskforce, originally established under the G20, demonstrates that business is developing their own response to climate change as a commercial reality, separate to the policy response. Investors across the region have welcomed the release of the final TCFD recommendations as a significant milestone.
Emily Chew, Head of ESG Research and Integration, Manulife Asset Management and Chair of the Asia Investor Group on Climate Change (AIGCC), said: “The TCFD recommendations provide invaluable guidance for investors and corporations to increase their disclosure as they look to mitigate investment risks from climate change, as well as capitalize on emerging low carbon and green finance investment opportunities. AIGCC will continue to support investors and corporations in the Asian region in their efforts to adapt and align their investments to a two-degree future”.
Click here to read the full Media Release
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