AIGCC CEO/CIO Asset owner Roundtable

AIGCC held the inaugural CEO/CIO Asset owner Roundtable in September 2017. This forum is the flagship event for AIGCC, bringing asset owners from Asia and internationally together in a forum of peer to peer sharing of knowledge and information. This assists in providing guidance and information developed by global investor peers on the benefits of integrating climate change risks and opportunities into their investment policies and processes.

Following on from the inaugural event, the 2018 Roundtable will once again be held in Singapore on September 12th 2018 as a side event of the Milken Institute Asia Summit. This event is a private, invitation-only event for around 20 CEO and CIO representatives from Asian institutional investors and international guests, conducted under Chatham House rules.

The aim of the event is to build on the knowledge developed in the 2017 Roundtable where the impact of climate risk for investors in Asia was discussed. It also aims to develop a deeper understanding of where climate implications can fit within ESG policy and management frameworks and how they could be applied for investors in the region.

The roundtable format discussed the latest issues of relevance to investors in the region and assist in developing resources to be made available to all investors. The report: Incorporating Climate Change into Investment Strategy, A Guide for Investors, was discussed and incorporated feedback from the 2017 event to allow investors to contribute meaningfully to the development of the guide. The guide was then translated into Chinese and Japanese and are now also available on the website.

The Asia Investor Group organises similar capacity building workshops and events in Asia for all investors including investment managers and service providers in the region that cover topics such as investor and corporate disclosure against the Taskforce on Climate Related Financial Disclosures (TCFD), engagement and more.
Please get in touch if you are interested in being involved in one of our workshops or events.

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.

Read the Progress Update.
Read the full Media Release.

UPDATED – Letter From Global Investors To Governments Of The G7 And G20 Nations

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.

Read the full media release
Read the Investor Letter
Read the G7 and G20 briefing paper

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 

New Investor Report: Oil & gas companies show progress on climate change, but laggards like ExxonMobil remain way behind

In a new report, published today, global investors conclude that some of the largest global oil and gas companies such as Statoil, Eni and Total are well ahead of others like ExxonMobil when it comes to climate change management and disclosure.

Investor Climate Compass: Oil and Gas – Navigating Investor Engagement is a joint report from the four investor networks that make up the Global Investor Coalition on Climate Change (GIC) and CDP. It analyses the impact of persistent climate-focused investor engagement – through private dialogue and public challenge via shareholder resolutions – on 10 large oil and gas companies in North America and Europe.

The report confirms that investor engagement has had a discernible impact on board and executive decision-making with respect to the disclosure and management of climate change risks, highlighting progress and the remaining challenges in five core areas of investor concern or ‘expectations’.

Read the media release

Read the report

Over 280 global investors (managing more than $17 trillion in assets) urge G7 to stand by Paris Agreement and drive its swift implementation

8 May 2017

UPDATE: London/New York/Sydney Monday 22 May 2017 (revised from material previously issued on 8 May 2017)

Over 280 global investors (managing more than $17 trillion in assets) urge G7 to stand by Paris Agreement and drive its swift implementation.

282 long‐term institutional investors representing more than USD $17 trillion in assets have written to G7 heads of state urging governments to stand by their commitments to the Paris Agreement at their upcoming Summit in Taormina, Italy on May 26‐7.

  • 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.

Read the media release

Read the Investor Letter

Read the G7 and G20 briefing paper

Asian and Australian investors launch major new guide on climate change disclosure

12 April 2017

Investor groups from Australia and Asia have come together to release a major new guide on climate change disclosure for institutional investors, the first to be released following the publication of the draft recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD).

Developed by the Investor Group on Climate Change (IGCC – Australia/New Zealand) and the Asia Investor Group on Climate Change (AIGCC – Asia) Transparency in Transition: A Guide to Investor Disclosure on Climate Change is an essential building block to support investors and stakeholders in safely steering the global economy through a period of rapid and far-reaching transition, by better understanding the financial implications.

Read the full media release

Read the report

Investors welcome ratification of the Paris Agreement

The Asia Investor Group on Climate Change (AIGCC) welcomes recent announcements that Japan, Korea and today Australia have ratified the Paris Agreement.

Speaking on behalf of AIGCC, Emma Herd, Chief Executive Officer of Investor Group on Climate Change (IGCC) said “Investors strongly endorse the Paris Agreement and welcome today’s decision by these governments to ratify the Paris Agreement.

 

Read more

 

Global investors acting on climate change

The Asia Investor Group on Climate Change (AIGCC) has joined global investor groups in releasing a new snapshot of the actions investors have taken since the Paris Agreement was finalised.

Investors Got the Signal: Actions in 2016 since the Paris Agreement highlights practical examples of the steps investors have taken in 2016 to engage with companies on carbon-reducing strategies, deploy capital to low carbon assets, decarbonise investment portfolios and engage with policymakers.
Read more