The Investor Group on Climate Change (IGCC) reports that a growing number of its members are taking concrete steps to guard against climate risk. The industry body represents 108 institutional investors in Australia and New Zealand, managing AU$5 trillion (US$3.1 trillion) locally and $40 trillion globally. In its annual report, IGCC said 58% of its members implemented response measures to physical climate risk in 2024. This was double the number that did so in the previous year. Over the same period, over 80% of IGCC members assessed these risks in the portfolio. “2024 has proven to be a transformative year for IGCC. The commitment of our members to serious climate action is evident in significant policy victories, record attendance at our summit and initiatives that are fostering investment in a resilient, net zero future,” said IGCC CEO Rebecca Mikula-Wright. In October, the organisation launched a national campaign to showcase clean energy success stories, while urging the government to embrace strong climate policy. According to the IGCC, this campaign has now reached 17 million people nationwide. ‘In 2025, we will continue to face a concerted and coordinated effort to dismantle ESG investing and global climate commitments, and an Australian federal election will certainly shake things up,” said Mikula-Wright in the introduction to the annual report, along with Chair Stephen Dunne. “This does not change the financial threat from climate change. Now is not the time to pause or retreat.”
