Global Investor Coalition on Climate Change (GIC)
|Name of initiative||Global Investor Coalition on Climate Change (GIC)|
|Related initiatives|| |
GIC has 4 regional subinitiatives
|Secretariat||No primary secretariat but four regional secretariats for each regional group.|
|Organisational structure|| The four regional groups collaborate in a consensus decision making approach. Each regional group will be represented by their senior executive.
By forming a coalition, the regional investor groups have a platform to conduct international activities on climate policy and investment practice. As the regional groups have similar objectives, work programmes and membership, a global platform enables more information sharing and common projects to better serve members.
|Name of lead organisation|
|Type of lead organisation|
|Location/Nationality of lead organisation|
|Description|| The Global Investor Coalition on Climate Change is a joint initiative of four regional climate change investor groups: IIGCC (Europe), INCR (North America), IGCC (Australia & New Zealand) and AIGCC (Asia).
The coalition has come together to provide a global platform for dialogue between and amongst investors and governments on international policy and investment practice related to climate change. The four investor groups that make up the Global Investor Coalition on Climate Change have agreed to partner on global carbon policy initiatives, agreements and projects to deliver better investor and climate outcomes. The GIC regional investor networks collaborate on joint international projects focused on climate policy, corporate engagement and investment practices, including investor statements on climate change. The GIC collaborates and coordinates investor engagement on climate change issues with key international organizations and institutions including the United Nations, the G20, OECD, the World Bank, IFC, regional development banks and a number of NGOs. The GIC has launched several joint projects and statements to date.
|Activities|| ■ Work with policy makers to support and inform their efforts to develop and implement policy
measures that encourage capital deployment at scale to finance the transition to a low carbon economy and encourage investment in climate change adaptation.
■ Identify and evaluate low carbon investment opportunities that meet GICs investment criteria and consider investment vehicles that invest in low carbon assets subject to our risk and return objectives. ■ Develop GICs capacity to assess the risks and opportunities presented by climate change and climate policy to our investment portfolios, and integrate, where appropriate, this information into our investment decisions.
■ Work with the companies in which GICs invests to ensure that they are minimising and disclosing the risks and maximising the opportunities presented by climate change and climate policy.
■ Continue to report on the actions GIC has taken and the progress we have made in addressing climate risk and investing in areas such as renewable energy, energy efficiency and climate change adaptation
Projects: Low Carbon Investment Registry Investor Platform on Climate Actions Visit the projects page for more information: http://globalinvestorcoalition.org/projects/
|One or two success stories achieved|
Monitoring and Impacts
|Function of initiative||Technical dialogue, Political dialogue|
|Activity of initiative||Knowledge dissemination and exchange, Awareness raising and outreach, Knowledge production and innovation|
|Comments on indicators and goals|
|How will goals be achieved|
|Have you changed or strenghtened your goals|
|Progress towards the goals|
|How are you tracking progress of your initiative|
|Companies||409||Investors signed the Global Investor Statement on Climate Change (2014-2015)|
|Research and educational organisations||0|
|Non-governmental organisations||4||GIC is a joint initiative of four regional groups that represent investors on climate change and the transition to a low carbon economy: IIGCC (Europe), INCR (North America), IGCC (Australia & New Zealand) and AIGCC (Asia)|
|Regional / state / county actors||0|
|City / municipal actors||0|
|Number of members in the years|| |
|Have only national states as participators||No|
|Transport||Agriculture||Forestry||Business||Financial institutions||Buildings||Industry||Waste||Cities and subnational governments||Short Term Pollutants||International maritime transport||Energy Supply||Fluorinated gases||Energy efficiency||Renewable energy||Supply chain emission reductions||Adaptation||Other||Resilience||Innovation||Energy Access and Efficiency||Private Finance|
Not only have national states as participators