Asia Investor Group on Climate Change (AIGCC)

日本語は英語記載の下にご参照下さい。    💡 Japan's GDP would suffer significant economic decline under current global climate targets, according to new scenarios released by Network for Greening the Financial System (NGFS), a network of 141 central banks and financial regulators. Read our briefing here or below: https://bit.ly/4iE8gCj Under current policies, Japan's economy could suffer from an almost 10% annual hit, amounting to approximately JPY 952 trillion (USD 9.2 trillion) between now and 2050. More in our press release: https://bit.ly/41DF6NO 💡 141の中央銀行および金融監督機関のネットワークが発表した新たなシナリオによると、現在の世界の気候変動目標の下では、日本のGDPは大幅な経済減退に見舞われることになると予測されている。 概要をダウンロード (英語版): https://bit.ly/4iE8gCj   現在の政策の下では、日本経済は年間GDPの約10%を失う可能性があり、2050年までにその総額は約9.2兆米ドル（約952兆円）に達すると予測されている。 メディアリリースをオンラインで読む (日本語版): https://bit.ly/3Zw6tXi . . . #NGFS #NDCs #Japan #climatepolicy #netzerotransition #climatechange #気候変動

We’re grateful to end the year by connecting with our members in person across Hong Kong, Singapore, and Tokyo. At our final Members’ Meeting of the year, we shared a brief overview of the upcoming preliminary findings from the 2025 Net Zero Survey, reflected on the highlights of the year, and announced the appointment of the 2025 Board Committee Members. The meeting wrapped up with a networking session to connect and exchange ideas. A big thank you to our members AIA Singapore, J.P. Morgan, and Nikko Asset Management Group, for hosting us.

📤 Today, we have sent out a letter to 40 influential asset managers within the scope of our Financial System Benchmark encouraging them to align their approach to #ESG and sustainable investing with the needs of emerging markets. This initiative is supported by the Office of the New York City Comptroller, Asia Investor Group on Climate Change (AIGCC), Principles for Responsible Investment (PRI), Pensions for Purpose and Ninety One. Why should asset managers act? Emerging Markets (EMs) represent the next big opportunity for sustainable investing strategies. These regions are home to 85% of the world’s population and nearly 90% of people under 30. They also require significant amounts of capital for their energy transitions, to meet the #SDGs and for sustainable growth more generally. However, evidence suggests that the sustainable investing strategies of some asset managers may inadvertently be causing divestment or underinvestment in EMs, leading to negative real-world outcomes. Putting a process in place to prevent inadvertent ESG-related divestment from EMs is something that every asset manager can do, without relying on other actors. This is why we are encouraging asset managers to make this change. Read the letter below and find out more: https://lnkd.in/dC2jssr2 #sustainablefinance #emergingmarkets #FinancialSystemBenchmark

We will be attending the upcoming Investments into Forestry & Biodiversity Summit on January 7-8, 2025. Our Nature Lead Wisnu Rizki Wibisono, CFA will be speaking on Institutional and Corporate Investor Perspectives. See the full agenda: https://lnkd.in/d5YAAEuz Register here: https://lnkd.in/gziizWPG

Reflecting further on 2024, we’re proud to share additional progress and resources from the year. From launching new Working Groups and joining key initiatives to publishing reports and capacity-building materials, it’s been a year of hard work and progress. A big thank you to all our partners for your support, we couldn’t do this without you! We’re excited to carry this momentum into 2025 and look forward to sharing more updates with you soon! Here are some of our key publications/announcements from this year: • The State of Net-Zero Investment in Asia Report → bit.ly/AIGCC_5NZR • Nature at a Tipping Point Report → bit.ly/NaaTP • Deforestation and Nature Training for Investors → https://lnkd.in/gTaX2H5x • Asian Utilities Engagement Program: 23-24 Progress Update → bit.ly/4e9vi0K • COP29 Policy Brief → bit.ly/AIGCC_COP29Brief • Assessment of National Adaptation Plans and Policies → https://lnkd.in/gzx7rGbr • Asset Owners Working Group → https://lnkd.in/gtkn_JQu • Just Transition Working Group → https://lnkd.in/gwE4h2NF • AIGCC joins the Joint Sustainable Finance Working Group → https://lnkd.in/gX3j6KR6

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