Topic: Asia Investor Group on Climate Change

Leaders in responsible investment call for more action on climate finance

17 July 2023

Director of Engagement Valerie Kwan spoke on investor stewardship and climate-related risks last week at the "Responsible Investment in Practice: Undertaking Stewardship with a Focus on Climate Change" webinar, co-organised by: AIGCC, Principles for Responsible Investment (PRI); Securities and Exchange Commission, Thailand (SEC Thailand); and United Nations (UN).
Asia Investor Group on Climate ChangeClimate Action 100+Decarbonising the EconomyGovernance & DisclosureStewardship & Corporate EngagementThailand

CEO Rebecca Mikula-Wright Joins High-Level Consultative Group for the Energy Transition Accelerator

3 February 2023

The group’s 20 leading experts come from a wide range of regions and constituencies representing civil society organisations, standard-setting initiatives, private sector coalitions, and intergovernmental bodies.
Asia Investor Group on Climate ChangeEngagement & Policy Working GroupPolicy & Advocacy

Net Zero Asset Managers initiative announces initial targets for 86 investors as total number of asset managers committing to net zero increases to 291

10 November 2022

  • Less than two years since the initiative launched, the latest disclosures take the total number of asset managers that have set initial targets to 169.
  • The initiative continues to grow, with 21 managers joining the initiative since May 2022, bringing the total to 291, representing more than USD 66 trillion in AUM.

Paris Aligned Asset Owners initiative publishes first Progress Report and initial target disclosures for a further 13 signatories

9 November 2022

  • Inaugural Progress Report showcases innovation and best practice amongst asset owners for turning net zero commitments into action
  • New targets mean 40 asset owners have disclosed initial targets since March 2021
  • The Paris Aligned Asset Owners comprises 57 signatories representing over $3.3 trillion AUM
  • Asset owners are typically pension and superannuation funds, often systemically important
The Paris Aligned Asset Owners initiative (PAAO), an international group of asset owners committed to supporting the goal of net zero greenhouse gas emission by 2050 or sooner, has published its first Progress Report showcasing the steps asset owners are taking to reach their net zero goals.

More than 600 investors with almost $42 trillion in assets under management call on governments to radically raise their climate ambition at COP27

2 November 2022

The 2022 Global Investor Statement to Governments on Climate Change represents the most ambitious investor call for policy action since the first statement in 2009. The 2022 Global Investor Statement to Governments on the Climate Crisis has been submitted to governments before COP27 with 602 investor signatures representing US $42 trillion in assets under management.

Climate Action 100+ Net Zero Company Benchmark shows continued progress on net zero commitments is not matched by development and implementation of credible decarbonisation strategies

13 October 2022

  • Interim cycle of Benchmark assessments provides investors with timely data to inform engagement strategies ahead of upcoming proxy seasons
  • Latest assessments reveal progress on net zero commitments, just 6 months after last round, but too often these are not matched by credible transition plans showing how they will be achieved
  • Climate Action 100+ launches public consultation to enhance the Net Zero Company Benchmark for the initiative’s next phase, set to launch in mid-202
Climate Action 100+, the world’s largest investor engagement initiative on climate change, has released an interim set of Net Zero Company Benchmark assessments of its focus companies.

More than 500 institutional investors from around the world join forces to urge governments to step up climate policy ambition

13 September 2022

  • The 2022 Global Investor Statement to Governments on the Climate Crisis launches today with 533 investor signatories representing US $39 trillion in assets. The statement is open for investors to join the unified call for government action until COP27.
  • The statement urges governments to implement policies consistent with a just transition limiting global temperature rise to 1.5°C via policies such as: medium and long-term climate strategies, transitioning energy away from fossil fuels, ending deforestation, bolstering climate finance, and strengthening disclosures.

The Investor Agenda releases new guidance for investors to develop and publish ambitious Investor Climate Action Plans

6 July 2022

  • The seven Founding Partners of the Investor Agenda have released updated ICAPs Guidance to help investors reach a net zero emissions economy by 2050 or sooner.
  • The ICAPs Guidance is designed to accompany the ICAPs Expectations Ladder to raise investor ambition on the climate crisis.
  • The updated Guidance document adds further information on the ICAPs Expectations Ladder’s tiers, asset classes, tools and methodologies, sector levels, as well as where to find new resources on topics of increasing importance such as nature, biodiversity, adaptation and resilience.

AIGCC responds to public consultation on the US Securities and Exchange Commission’s proposal on the Enhancement and Standardization of Climate-Related Disclosures for Investors

16 June 2022

As a group representing leading Asian investors, AIGCC welcomes the US SEC’s new rule on mandating climate disclosure for companies and investors. In recent years, Asian governments have made great steps forward in enhancing Nationally Determined Contributions (NDCs), publicly committing to carbon neutrality goals, and making related legislations on climate change and green finance.