Topic: Asia Investor Group on Climate Change
2 March 2021
Asian investors are adopting more sophisticated strategies and tools to manage climate change risks and have a large and growing appetite for climate-aligned investments, the latest industry survey by the Asia Investor Group on Climate Change (AIGCC) has found.
The second annual
Net Zero Investment in Asia survey canvassed the views of regional investors from organisations collectively representing over USD1.9 trillion in assets under management across November and December 2020.
17 December 2020
Almost half the focus companies of Climate Action 100+ – the world’s largest ever investor engagement initiative on climate change – have now established commitments to reach net-zero emissions by 2050 or sooner, its latest progress report reveals.
The
Climate Action 100+ 2020 Progress Report also outlines the significant growth and evolution of Climate Action 100+.
11 December 2020
- 30 founding investor signatories to Net Zero Asset Managers initiative will work in collaboration with clients to achieve target-based net zero goal by 2050 or sooner
- Other asset managers encouraged to join initiative, to demonstrate sector leadership and commitment to sustainable future
Asset managers representing over $9 trillion of assets under management (AUM) today announced the launch of the Net Zero Asset Managers initiative.
1 December 2020
A new report by the Asia Investor Group on Climate Change (AIGCC) calls on electric utilities to ramp up efforts to mainstream climate risk response into their business strategies and existing operations to be better prepared for the transition to a net-zero emissions economy.
The AIGCC report finds that electric utilities across the region are of particular concern to investors due to their emissions-intensive nature.
1 December 2020
- Initiative grows 142% in signatories to include 545 institutional investors with $52 trillion in assets under management working to ensure the world’s largest corporate emitters act on the climate crisis
- SSGA becomes the third ‘top twenty’ asset manager to join the initiative in 2020, following BlackRock and Invesco
State Street Global Advisors (SSGA), the world’s third largest asset manager with nearly USD $3.2 trillion in assets under management (AUM),
announced today it will join Climate Action 100+, the world’s largest investor engagement initiative on climate change.
30 November 2020
Singaporean sovereign wealth fund GIC has joined the Asia Investor Group on Climate Change (AIGCC) and the Climate Action 100+ initiative, in a further boost to regional investor engagement on climate change.
Rebecca Mikula-Wright, Executive Director of AIGCC and member of the global Climate Action 100+ steering committee, said:
“AIGCC is proud to welcome GIC as a member and as a signatory to Climate Action 100+, and is looking forward to working with the team on its active climate risk engagement.
18 November 2020
Climate Action 100+, a global initiative involving over 500 signatories responsible for more than USD47 trillion assets under management, has expanded the focus list of companies it is engaging with to deliver Paris Agreement-aligned emissions cuts, implement strong climate governance frameworks and improve climate-related disclosures.
The changes to the Climate Action 100+ focus list follows a periodic review by the initiative to ensure the companies engaged remain relevant to confronting the global climate change crisis.
10 November 2020
A new commitment to achieve net zero emissions by 2050 from global electronics manufacturer Hon Hai Precision Industry Co. (Foxconn) has been welcomed by institutional investors and stewardship providers engaging with the company through the Climate Action 100+ initiative.
The company has issued a press statement in response to investor engagement through Climate Action 100+, stating that it aims to achieve the goal of net zero greenhouse gas emissions by 2050 across its value chain.
4 November 2020
The founding partner organizations of a major global initiative aimed at worldwide investor action on climate change are calling on the United States to rejoin the Paris Agreement following the country’s formal withdrawal from the global pact today. With 189 nations having ratified the landmark accord since 2015, the U.S. is the only country in the world to have formally withdrawn from it.
26 October 2020
In response to Prime Minister Yoshihide Suga’s commitment to a 2050 net zero emissions goal for Japan, Asia Investor Group on Climate Change (AIGCC) Executive Director, Rebecca Mikula-Wright, said:
“Japan’s commitment to achieving net zero emissions by 2050 is great news for the planet and Japanese companies, which stand to benefit from the fresh investment that strong action on climate change will help create.