🌍Did you know? Steel is responsible for 5% of the EU’s total emissions, making decarbonising this sector essential to driving Europe’s climate and competitiveness agendas forward. To tackle this challenge, stronger policies are needed to de-risk and support the transition of the European steel industry. We have identified four key policy areas that can unlock the steel sector’s transition: 1️⃣ Enhancing recycling and circularity in the steel value chain 2️⃣ Developing a clean industrial strategy to deliver clean power at a low price and accounts for the steel sector’s capital-intensity 3️⃣ Stimulating demand for green steel 4️⃣ Managing human capital and workforce Huge thanks to Basak Yeltekin, TT International and Edward Baker, LGPS Central for their contributions. Read the full resource: https://lnkd.in/e5xU8qr7 #SustainableFinance #EuropeanSteelPact #ClimateRisk #NetZero
Institutional Investors Group on Climate Change (IIGCC)
Investment Management
London, England 18,484 followers
The investor voice on climate change.
About us
The Institutional Investors Group on Climate Change (IIGCC) is the leading European membership body enabling the European investment community in driving significant and real progress by 2030 towards a net zero and resilient future. IIGCC’s 375+ members representing €51 trillion AUM are in a position to catalyse real world change through their capital allocation decisions, stewardship and engagement with companies and the wider market as well as through their policy advocacy. IIGCC has three clear areas of focus: policy, investor practices and corporate engagement reflecting the key investor levers for change. The programme teams work in strategic partnership with investors supporting, enabling and showcasing their role in the realisation of the transition to net zero in support of the goals of the Paris Agreement.
- Website
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http://www.iigcc.org
External link for Institutional Investors Group on Climate Change (IIGCC)
- Industry
- Investment Management
- Company size
- 11-50 employees
- Headquarters
- London, England
- Type
- Nonprofit
- Founded
- 2001
Locations
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Primary
2a Charing Cross Road
Pennine Place
London, England WC2H 0HF, GB
Employees at Institutional Investors Group on Climate Change (IIGCC)
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Alexandre Chavarot
Climate and energy transition finance advisor
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Alistair Perkins
Head of Infrastructure Debt at Goldman Sachs Asset Management
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Peter Taylor
Climate governance and sustainable finance
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Faith Ward
Dedicated to responsible investment and the integration of climate change into investment decision making
Updates
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🌍 New Guidance on Scope 3 Emissions for Investors Our latest resource outlines best practices for investors to address scope 3 emission of asset, providing a route forward amidst numerous challenges. Key takeaways: 1️⃣ Scope 3 is essential for understanding portfolio climate impacts and transition risks. 2️⃣ Addressing Scope 3 can be challenging, and total portfolio metrics can be misleading. 3️⃣ Start by identifying areas with material Scope 3 emissions and conduct targeted sector- and category-level analysis. Find the full guidance published here: https://lnkd.in/gWQyuQFv And read our summary of highlights in the guidance in our accompanying insight: https://lnkd.in/g-iW8iTn #SustainableFinance #Scope3 #ClimateRisk #NetZero
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🔔 We're thrilled to announce the launch of the very first expectations for banks on deforestation in conjunction with the Finance Sector Deforestation Action (FSDA) initiative. 🤝The expectations will serve as a support for investors engaging banks on the risks associated with commodity-driven deforestation, conversion and associated human rights abuses in their lending and investment practices. 👓The work was led by authors Lauren Compere, Boston Common AM and Kiran Sehra, Aviva Investors alongside Lucia G. and Norah Berk, IIGCC, our respective Banks and Nature leads at IIGCC. 🌳 Deforestation is an issue at the very centre of the climate-nature nexus accounting for approximately 11% of carbon emissions - halting it is imperative for reaching net zero goals. Deforestation also poses systemic and asset level material financial risk to investors and banks. 💪 Banks are uniquely positioned to tackle deforestation through engagement across value chains, their financing decisions and encouraging best practice and transparency among clients. ✨The guidance details a set of five key engagement expectations built on the FSDA's investor expectations of companies: 1. Commitment and governance 2. Expectations for clients 3. Disclosure 4. Monitoring and compliance 5. Risk Assessment 🙏 Huge thanks also to all the teams and individuals that contributed to the work, including: Puninda Thind and Tariro Bure (High-Level Climate Champions), Sue Reid (Global Optimism) and Mahesh Roy and Callum Sheehan (IIGCC). Read the full expectations: https://lnkd.in/eSnmShEf #Deforestation #Banks #ClimateChange #NetZero #InvestorEngagement
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🤝We're pleased to be partnering with the Economist on their 4th annual Sustainability Week: Countdown to COP29. 📣The event will gather 100+ influential decision-makers, 2,500+ virtual attendees and 500+ in-person sustainability professionals to speak on how companies are adapting to new legislation and working at the board-level to ensure new green business models profit and flourish. 🏃♂️Register now: https://lnkd.in/gr2VhM7F #EconSustainability
Registration
events.economist.com
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⚠️ Are you engaging with proxy advisors? If not, now's your chance. 📥Glass, Lewis & Co. and ISS | Institutional Shareholder Services have both opened their benchmark policy surveys for responses and feedback. These surveys give investors the opportunity to ensure the views of the investment community are considered, and that climate is fully integrated into their analysis and recommendations. ➡️ We recommended that investors respond to these surveys and submit their own individual responses to ensure both proxy advisors are responsive to their needs. 🔎To provide a resource for support, our corporate programme manager Jack Steenson discusses the climate-related topics across both surveys, discusses how and why they are so important to investors' climate work, and highlights where IIGCC research has indicated best practice for those areas. ⏰The deadlines for responses are 30 August and 5 September, for Glass Lewis and ISS respectively. Read the full piece here: https://lnkd.in/gRTth7xu #proxyvoting #netzero #investors
Proxy advisors are essential for investor engagement, investors should be engaging with them
iigcc.org
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We’re pleased to be partners of #WorldClimateSummit2024 - New York Edition🌍 On 25 September, join us and climate leaders worldwide during #UNGA79 & #ClimateWeekNYC to explore solutions for a #NetZero future. Together, we'll discuss: 📈 Climate Investments & Carbon Markets 🌱 Innovation in Energy Solutions 🔬 Climate Tech Innovations 🔋 Energy Transition in Developing Markets It'll be an opportunity to shape global climate action before heading to the main discussion in #Baku during #COP29. Register now ➡️ bit.ly/WCS2024NYRegister #WorldClimateFoundation #WCS2024NY #Decarbonisation #ClimateAction #ClimateChange #NYCEvents #Sustainability
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🤝We're pleased to be partnering with Economist Impact on their 4th annual Sustainability Week: Countdown to COP29. 📣The event will gather 100+ influential decision-makers, 2,500+ virtual attendees and 500+ in-person sustainability professionals to speak on how companies are adapting to new legislation and working at the board-level to ensure new green business models profit and flourish. 🏃♂️Register now: https://lnkd.in/gr2VhM7F #EconSustainability
Registration
events.economist.com
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📝 In July, the Financial Reporting Council (FRC) published areas of focus and interim changes it will be making to the Stewardship Code, ahead of its consultation announced earlier this year. ⏰Since the Code's last update in 2019, the landscape for stewardship and reporting has evolved drastically - and so have investor needs and reporting obligations. 📣The proposed consultation presents investors with a chance to call for a balance between streamlined reporting, and ambitions for transparency and information flow which is integral to investors’ net zero stewardship efforts, including through ‘collaborative engagement’ and ‘escalation’. 🔎 Our Senior Net Zero Stewardship Specialist Laith A. Cahill takes a look at this announcement, the proposed changes and their implications for investors. Read more: https://lnkd.in/ghGqpwPC #stewardship #investors #netzero
A streamlined FRC Stewardship code is welcome, but do changes preserve ambition?
iigcc.org
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🌍📈 We’re thrilled to share the results of the first implementation of PCRAM – Physical Climate Risk Assessment Methodology. PCRAM can transform how we assess and manage climate risks by providing a standardised approach that bridges the gap between infrastructure and finance sectors. 💸 It’s not just about managing risks but also uncovering the benefits of investing in resilience — think more predictable cash flows, enhanced credit quality, and better long-term cost management. The methodology was developed by the Asset Design & Structuring working group of the Coalition for Climate Resilient Investment (CCRI), with special thanks to Mott MacDonald for their instrumental support in this work. In our latest report, "PCRAM in Practice," we dive into two case studies of a hydropower facility and a coastal wind farm to showcase how PCRAM can be applied. 🌊💨 And there’s more to come! 🔔 PCRAM 2.0 is on the horizon, where we hope to demonstrate even broader industry applications. Check out the full report and stay tuned for upcoming developments. 💪🌱 https://lnkd.in/eSET6Zap #ClimateResilience #PCRAM #SustainableFinance #ClimateRisk #NetZero
PCRAM in Practice: Outputs and insights from climate resilience in action
iigcc.org
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🤝We're partnering with The Economist on their 4th annual Sustainability Week: Countdown to COP29. The conference moves to Amsterdam this year with a focus on manufacturing, supply chain, shipping and agriculture sectors across Europe. Explore practical ways to reach net-zero goals through case studies from hard-to-abate industries and merge profit with sustainability. On October 7th-8th 2024 in-person and virtually. ✏️Register today: https://lnkd.in/gr2VhM7F #EconSustainability
Registration
events.economist.com