The Asia Investor Group on Climate Change (AIGCC) is an initiative to create awareness and encourage action among Asia’s asset owners and financial institutions about the risks and opportunities associated with climate change and low carbon investing. AIGCC provides capacity and a trusted forum for investors active in Asia to share best practice and to collaborate on investment activity, credit analysis, risk management, engagement and policy related to climate change.
AIGCC members come from 11 different markets in Asia and internationally, and include asset owners and managers with a combined AUM of over US$36 trillion. With a strong international profile, the AIGCC network also engages with government pension and sovereign wealth funds, family offices, and endowments, AIGCC represents the Asian investor perspective in the evolving global discussions on climate change and the transition to a net-zero emissions economy.
Who can join Asia Investor Group on Climate Change (AIGCC)
Investors active in China, Japan, India, South Korea, Singapore, Hong Kong, Taiwan, Indonesia, Malaysia, Thailand, Philippines, Vietnam and the Pacific are invited to join AIGCC.
AIGCC History and Governance
AIGCC was re-launched in Singapore as part of the Global Investor Coalition (GIC) in September 2016 and currently operates under the governance and as part of the structure of the Investor Group on Climate Change Australia/New Zealand (IGCC). AIGCC has its own members, projects and activities and operates across the Asia region with staff based in Hong Kong, Taipei, Tokyo, Seoul, Singapore and Sydney.
With a strong focus on international engagement, AIGCC participates in international collaborations to engage with global and regional investor organisations, including the development of major projects to leverage opportunities for maximum impact on policy and corporate engagement for asset owners and financial institutions.
AIGCC develops resources for investors, such as tools and guides to address specific investor needs around integrating climate change into investment processes and portfolios. AIGCC also collaborates with global investor climate networks to develop new research. AIGCC publications aim to provide the investment community with applicable and relevant resources and tools to assist in the transition to low carbon economies in Asia.
Membership includes access to the AIGCC Action Agenda. The members of the working group can participate in:
- Global investor submissions and reports to provide input and perspective on behalf of Asia
- Sharing of relevant experience and insights to assist in identifying future focus areas for the development of resources for investors in the region
- Maintaining a peer to peer network through regular participation in the group
- International collaboration with access to projects and initiatives such as the Global Investor Coalition, Climate Action 100+ and The Investor Agenda.
AIGCC set up new working groups in 2020 to further member participation and deploy their expertise into key projects and priorities. The working groups provide additional forums for collaboration and increasing knowledge of investor practice on climate change. The working groups also aim to respond dynamically to the current needs and priorities of AIGCC members.
New working groups include:
- Engagement and Policy
- Physical Risk and Resilience
- Paris Aligned Investment
- Climate Change Training Project – Project Advisory Group
AIGCC hosts monthly meetings to provide an update on key projects and initiatives and provides a forum for members to share updates on their own work in a trusted peer-to peer forum. Often we invite guest speakers on topics of interest to investors. The meetings are open to all AIGCC members and guests are also welcome to attend. We encourage all members to:
- Share their relevant experience and/or insight with the group
- Assist in identifying future focus areas of relevance to investors in the region
- Review global investor joint submissions/reports to provide input and perspective from Asia
- Encourage more Asian investors to join the group
Climate Change Training for Investors
In 2020, AIGCC embarked on a project to develop and deliver online ‘Climate Change Training for Investors’ course to our members with the generous support from Caisse des Depots et Placement du Quebec (CDPQ). KPMG Hong Kong, with oversight from the Project Advisory Committee comprising of key AIGCC members, developed the eLearning modules to equip investment analysts and portfolio managers with fundamental knowledge and case studies to directly apply climate risks and opportunities to portfolio analysis and company valuation.
The four foundation modules are:
- Module 1A – Climate change science and global commitment to address climate change
- Module 1B – Climate-related financial impacts & regulatory risk fundamentals
- Module 2 -TCFD framework and reporting
- Module 3 – Integrating climate risks and opportunities in investment strategy
This is an online on-demand self-paced course that can be taken anytime, anywhere. The course is designed to expand the knowledge on climate-related risks and opportunities as part of the continuous education development of investment professionals.
Note: The CFA Institute allows its members the ability to self-determine and self-report continuing education credits earned from external sources. CFA Institute members are encouraged to self-document such credits in their online PL (Professional Learning) tracker.
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Download the brochure (English) (简体中文) (繁體中文) (日本語) (한국어)
Download the presentation – AIGCC Climate Change Training Foundation
Asian Utilities Engagement Program
In June 2021, AIGCC launched the Asian Utilities Engagement Program in partnership with 13 institutional investors and stewardship service providers. Investors are seeking to collaboratively engage with Asia’s systematically important electric utilities through the program to increase the effectiveness of climate engagement with these companies with a common agenda, including:
- Strengthening the board’s accountability of climate risk,
- Action to reduce emissions across the value chain (including coal phase-out consistent with the Paris Agreement goals)
- Enhancing disclosure, identifying physical risks and ensuring companies are supporting policy in line with achieving net zero emissions by 2050.
The initiative’s 13 launch participants issued a public statement detailing the intent of the program and general asks of focus companies, which can be read here. This program complements and runs in parallel with the global Climate Action 100+ initiative.