Topic: Asia Investor Group on Climate Change
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.
16 September 2020
- Investors are concerned that companies risk overstating financial statements by failing to include the effects of climate change on profits and assets
Major investor groups from around the world and representing assets worth over $US103 trillion have released an open letter on accounting standards calling on companies and auditors to fully reflect the effects of climate change in their declared results.
14 September 2020
- Letter sent to CEOs and chairs of the board at 161 global companies sets out benchmark and calls on firms to commit to net-zero business strategies.
- Initiative, involving over 500 global investors with over $US47 trillion in assets, to assess company progress in line with net-zero transition against 30 indicators.
The Climate Action 100+ Steering Committee is writing to 161 CEOs and chairs of the board for the world’s largest greenhouse gas emitting companies, calling on the businesses to put in place net-zero business strategies and define targets to support delivery.
23 August 2020
中央銀行の世界的なネットワークによって作成された気候変動シナリオによると、パリ協定の目標を達成するには、日本のエネルギー市場は現行の基本計画よりもはるかに迅速に脱炭素化する必要があることが、気候変動に関するアジア投資家グループ（AIGCC：Asia Investor Group on Climate Change）が新たに実施した分析で明らかになった。
また、この気候変動リスク等に係る金融当局ネットワーク（NGFS： Network of Central Banks and Supervisors for Greening the Financial System）による気候変動シナリオは、パリ協定の目標達成には、アジアのエネルギーセクター全体で2050年までに毎年3,300億米ドルの追加投資が必要となることを示唆している。
NGFSによって６月に公表された同シナリオは、地球温暖化を放置することによって生じる可能性のある社会経済的な影響に加え、パリ協定に沿ったネットゼロエミッションへの秩序だった移行および無秩序な移行のシナリオを提示している。同ネットワークには、中国や日本、韓国などのアジア主要国の中央銀行ならびに金融監督当局が関わっている。
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23 August 2020
Climate change scenarios prepared by a network of global central banks shows that Japan’s energy market will need decarbonise more rapidly than under current policies to meet the Paris Agreement goals, new analysis by the Asia Investor Group in Climate Change (AIGCC) finds.
The climate change scenarios developed by the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) also suggests that achieving the Paris Agreement will require an additional US$330 billion in annual investment up to 2050 across the entire Asian energy sector.