Asia Investor Group on Climate Change (AIGCC)

📣 We're #hiring a Specialist - Oil and Gas! Apply here: https://bit.ly/4fb9N0C This role will be responsible for supporting and implementing AIGCC’s work on corporate and policy engagement in the oil and gas sector in key Asian markets that we operate in. Activities will be convened through AIGCC-led or co-led programs, including: Climate Action 100+ and contribute to relevant AIGCC Working Groups such as the Energy Transition Working Group. It will involve engagement with various stakeholders ranging from investors, corporates, policymakers and industry bodies.  Know someone suitable for this job? Forward this to them! #job #jobadvert #energytransition #energy #energyjobs #climatejobs #greenjobs #hiring #asiajobs

As we head towards the end of 2024, we at AIGCC are proud to reflect on a year packed with impactful work. We actively participated in public consultations across four markets, representing the voices of investors on sustainability and climate disclosure standards, energy plans, policy addresses, and stock exchange guidelines. AIGCC looks forward to further collaborate with policymakers in the coming year. See our submissions: Guidelines to China's Three Stock Exchanges → https://bit.ly/4aDLzZC Japan Sustainability Disclosure Standards → https://bit.ly/4dAJwI4 Hong Kong SAR2024 Policy Address → https://bit.ly/3XvVgoI Korean Sustainability Disclosure Standards → https://bit.ly/3SVM6Ae Japan's Strategic Energy Plan → https://bit.ly/4gvKbwr Letter to Financial Services Commission (FSC) Korea → https://bit.ly/4euwxZ9

I already posted about this report. Kudos to RMI for such a well-researched and satisfying read! So many interesting and insightful sections for Responsible Investment (RI) practitioners. "It is the combination of #market #forces (who drive interest rates) and #regulations that orients firms’ investment decisions towards the #low-#carbon #transition." "Using asset-level data from the S&P Global World Electric Power Plant database, Wilson et al. (2023) tracked firm level #low-#carbon (green) investments and #high-#carbon (brown) investments for publicly listed electric utilities firms from 2012-2021. They find that a reduction in the firm-level #cost of #debt #directly increases both firm-level green and brown investments (through the discount rate), and also #indirectly increases investment by enabling #debt #capital #raising. Therefore, an indiscriminate increase in cost of debt for brown issuers would not mechanically increase their ratio of green-to-brown investments." https://lnkd.in/gWdCf4eP Investor Group on Climate Change (IGCC) Asia Investor Group on Climate Change (AIGCC) Responsible Investment Association Australasia (RIAA) Responsible Investor S&P Global Commodity Insights S&P Global Sustainable1 UTS Finance Department UTS Institute for Sustainable Futures University of Melbourne

On December 3rd, China SIF successfully held the 12th China SIF Annual Conference. Big special thanks to Valerie K., Director of Stewardship & Corporate Engagement at the Asia Investor Group on Climate Change (AIGCC), for moderating the important morning panel on 20 Years of ESG from the market perspective. Huge applause to Dr. Esma Nizam A., Senior Vice President of Governance, Risk, and Compliance, and Head of the Governance and Corporate Risk Unit at Khazanah Nasional Berhad, Roman Novozhilov, PhD, CAIA, Head of ESG, New Development Bank (NDB), Ricco Zhang, Senior Director, Asia Pacific, ICMA - International Capital Market Association, and Nicky Dang, Senior Vice President, Credit Strategy and Research, Moody's Ratings. Thank you all for being our esteemed panelists. We hope that our discussion will not stop at this stage but will be put into action. We look forward to what comes next! Hope to see you again next year! #ChinaSIF #SustainableFinance #SynTaoGreenFinance

A new review from the Founding Partners of The Investor Agenda has found increasing numbers of investors around the world are voluntarily developing climate transition plans.    Read the full analysis and find out more about #ICAPs here: https://lnkd.in/e5J53WVd  

The devastating floods across Southeast Asia are a stark reminder of the growing physical risks posed by climate change. Communities have been displaced and livelihoods disrupted. More: https://lnkd.in/gQW94RAs At AIGCC, we are equipping investors with tools and insights to better understand and mitigate these risks through our Physical Risk and Resilience Working Group. By assessing and integrating physical risk considerations into their decision-making, we can support a more resilient future. Learn more: https://bit.ly/3TFJxm9

👏Congratulations to Institute fellows Manish Shakdwipee, PhD and Elchin Mammadov and our colleague Guido G. on publication in the Journal of Impact and ESG Investing of their analysis of a managed phaseout of coal-fired power in the APAC region. Read more here: https://lnkd.in/dRu2RcbM The analysis details how an orderly phaseout of coal-fired power plants in APAC could slash nearly three-quarters of the region’s combined coal power generation-related carbon emissions and minimize economic disruption from the energy transition. Its publication in the journal arrives a week after #COP29, where 25 countries and the European Union announced their intention to put forward national climate plans that reflect no new unabated coal in their energy systems. The announcement was joined by the Asia Investor Group on Climate Change (AIGCC), which called for the early winding down of coal plants as part of overall efforts by countries in APAC to reduce their emissions. The paper, which brings forward an analysis developed by the Institute at the request of the Glasgow Financial Alliance for Net Zero (GFANZ) Asia-Pacific Network, draws on examples from Drax Group PLC (UK), Vattenfall AB (Sweden), RWE AG (Germany), Uniper SE (Germany), and Engie SA (France) to illustrate varied outcomes of coal phaseouts.

One of the clear signals from COP29 is that there is an urgent need to mobilise large pools of capital more easily and quickly to meet the needs of a just and fair climate transition. Our CEO, Rebecca Mikula-Wright, shares takeaways from #COP29 and their implications for investors in the Asia-Pacific who are navigating the path to net zero. ➡️ Explore our key takeaways: https://bit.ly/3VmLXqV

We recently identified key climate-related priorities that national governments in Asia must address to enable private capital to flow into climate solutions. More: https://bit.ly/48Pr2Cf Stay tuned for our upcoming 2025 State of Net Zero Investment in Asia Report! Read more in the Commercial Risk article: https://lnkd.in/g-BHC7Rj Explore previous findings in our 2024 report: bit.ly/AIGCC_5NZR

We have worked with and supported the investor-led ASCOR project since its inception in 2021. This week, ASCOR published a landmark assessment of 70 countries’ climate policies and ambitions. These countries represent 85% of global greenhouse gas emissions, 90% of global GDP and 100% of three main sovereign bond market indices. This means that investors can now systematically integrate integrate climate considerations into their decision-making on sovereign bond investments. The results from the assessment are sobering: no country has a 2030 NDC target ambitious enough to align with their 1.5°C benchmark and only 16% of countries have a transparent and credible commitment to phase out fossil fuel subsidies.  More encouragingly, 80% of the assessed countries have a net zero target, with some targeting net zero before 2050, and over half have established a legal framework for national climate policy. Given the focus on COP29 on finance, it is also striking that only one third of developing countries have been transparent about the costs of essential climate mitigation and adaptation, data that are essential to quantify and prioritise the scale of public and private finance needed to effectively respond to climate change. Congratulations to all those involved including the report authors (Antonina Scheer, Camila Cristancho, Simon Dietz, Setenay Hızlıok, Johannes Honneth, Sylvan Lutz, Giorgia Monsignori, Carmen Nuzzo and Rory Sullivan), and the ASCOR Co-chairs (Adam Matthews, Victoria Barron, Esther Law, Claudia Gollmeier). Transition Pathway Initiative (TPI) , Grantham Research Institute on Climate Change & the Environment, Asia Investor Group on Climate Change (AIGCC), Institutional Investors Group on Climate Change (IIGCC), Principles for Responsible Investment, Ceres, Inc., AOA, Investor Group on Climate Change (IGCC), Chronos Sustainability https://lnkd.in/eha3cWDP