Leading international experts and major institutions, managing over $1 trillion in funds, gathered in Melbourne, Australia on 6-7 October for a unique summit to address and accelerate the transition to low carbon economies.
The summit, organised by the Investor Group on Climate Change (IGCC) brought together global expertise and high-level speakers to provide insight to major Australian investors with a focus on super funds, on the trends, risks and opportunities catalysed by a world in rapid transition. The emissions from the timely summit were offset by South Pole Group, who also attended the event and reiterated its cooperation with CAER on investment portfolio carbon footprinting services in the Australian and New Zealand market.
Driving decarbonisation was a prominent part of both international investor perspectives and Australian outlooks. Sessions discussed, among others, lessons learned and anticipated from France, a country that has recently passed a law requiring all institutional investors to disclose the carbon footprint of their assets as of 2016.
"There is an increasing interest among Australian investors about the climate change impact of their portfolios, and their ability to reduce related investment risk", confirmed Thomas Schroder, Director Marketing Communications South Pole Group, attending the event.The need to adopt low-carbon technologies was another prime topic at the IGCC conference: "All sectors need to play their role when it comes to energy - we need to consider land use and agriculture, we need to electrify our transport system and shift it to 100% renewable energy", underlined Stephen Bygrave, CEO of Beyond Zero Emissions, a not-for-profit climate change solutions think-tank.
Looking ahead, Al Gore Former US Vice President, Chairman, Generation Investment summarised: "2015 is a critical year for solving the climate crisis. The investment and finance communities need to play a crucial role. Business is already leading the way in Australia and paving the way to building a global sustainable economy."