Members of the Asia Investor Group on Climate Change (AIGCC) made significant progress on their climate action plans in 2024, according to the group’s annual report. The AIGCC said the indicator it uses to track climate action plans among members rose from 59% in 2023 to 74%. Other core indicators also scored favourably, with ‘net zero target’ rising from 70% to 75%, ‘climate policy’ from 89% to 95%, ‘disclosures’ from 82% to 87% and ‘assessment for physical risk’ from 61% to 74%. A new indicator that was only introduced this year, ‘biodiversity-related disclosures’, scored 76%. However the annual report acknowledged that “AIGCC members are significantly more advanced than the market”. A separate AIGCC survey published last year suggested that only 28% of investors across Asia have some form of climate action plan in place. “Broadly speaking we’re seeing continuing movement in the right direction but effective implementation and meticulous attention to policy details are fundamental to success,” said Rebecca Mikula-Wright, AIGCC’s CEO, in a forward to the annual report. AIGCC’s membership grew from 71 to 78 in 2024, now managing more than US$28 trillion globally.
