Initiative: Asia Utilities Engagement Program

The Asia Utilities Engagement Program addresses Asia’s systematically important electric utilities to increase the effectiveness of climate engagement with a common agenda.

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Asian Utilities Engagement Program (AUEP) bi-annual meeting (for AUEP participants only)

Working Group Meeting | 26 November 2024 @ 3:00 pm - 4:30 pm
Timezone: Asia/Hong Kong

AIGCC’s 2023 Year in Review

Report | Asia Investor Group on Climate Change | February 2024

For our 2023 Year in Review, we detail our progress on our work and programs under AIGCC and our key strategic pillars – investor practice, policy advocacy, and corporate engagement, as well as a closer look at select markets – Japan, China, and South Korea.

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Asian Utilities Engagement Program: Year 2 Progress Update

Report | Asia Investor Group on Climate Change | 10 August 2023

Investors’ $12 trillion Asian Utilities Engagement Program sees progress on coal phase out and expansion of renewable energy commitments Program’s second year also sees support for improving climate governance and decarbonisation strategies in the focus energy companies.

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Firdaus Anuar

Firdaus is based in Tokyo, and leads and oversees the Asia Utilities Engagement Program (AUEP), an investor-led initiative to engage with Asia’s systemically important utility companies at AIGCC.

Net Zero Engagement In Asia: A guide to shareholder climate resolutions

Guides | Asia Investor Group on Climate Change & Client Earth | November 2022

With the growing urgency of climate change, corporate engagement on climate in Asia, once considered a novelty,has transformed in the last five years into a new but widely accepted form of stewardship. Opportunities have increased for investors to demonstrate their role as good stewards of their assets. International collaborations, such as Climate Action 100+, AIGCC Asian Utilities Engagement Program, Net Zero investor initiatives and global policy statements to governments on the climate crisis, share a common agenda in creating frameworks and increasing expectations around investing for a net zero future and to reach Paris-aligned climate goals through investor collaboration.

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Asian Utilities Engagement Program 21-22 Progress Report

Report | Asia Investor Group on Climate Change | July 2022

At AUEP’s one-year mark, three additional investors were joining the program, taking the combined assets under management or advice by the participating investors to $US 10 trillion. Two new focus companies have been added: PT Perusahaan Listrik Negara (Persero) (PLN) and Huaneng Power International. Indonesia will be an important focus country going forward as it works towards a just transition away from coal as currently, 14GW of coal-fired power is still expected to come online before 2030.

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Carbon Capture & Storage (CCS) in the decisive decade for decarbonisation: The Case For Asia

Report | Asia Investor Group on Climate Change | December 2021

This report aims to triangulate the reasoning of narratives where assumptions for CCS are being deployed to varying extents as part of corporate decarbonisation strategies. By providing a sector-level analysis of the prospect of CCS deployment, complemented with country perspectives, the report examines the cost competitiveness of CCS and seeds questions for investors to ask of companies with regards to their approach with CCS deployment.

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Eric Nietsch

Asian Utilities Engagement Program investors welcome climate and energy transition commitments from CLP Group

24 September 2021

Investors engaging with CLP Group on climate change through the Asian Utilities Engagement Program have welcomed the company’s commitments to achieving net zero emissions by 2050 and phasing out its coal power fleet by 2040.