Aims

To increase corporate and financial sector understanding and awareness of the risks and opportunities that climate change poses and creates to institutional investors.

Programme

The workstream will engage with companies on a sector basis. Work on each sector will be led by one fund manager with support from other members of the workstream. The lead fund manager will rotate from sector to sector.

The workstream will commission research from brokers to inform an engagement programme. A summary of the research and engagement findings will be made publicly available to encourage others to address these issues. The reports are likely to highlight direct weather related impacts as well as market and regulatory impacts and will cover both processes and products.

In 2005, the workstream focused on trustee training.

The IIGCC partnered with the Carbon Trust to sponsor Mercer Investment Managers to produce training materials highlighting the fiduciary consequences of climate change for pension funds. These materials are available at:

http://www.thecarbontrust.co.uk/carbontrust/climate_change/trustee1_1.html

In 2004, the workstream focused on

• IIGCC Climate Change and Construction Materials: Building on Hot Air (download report - PDF)
• Construction (download sector briefing note - PDF)
• Survey of sell-side broker research on climate change (details & download letter)

In 2003, the workstream focused on

• Aviation - led by Schroder Investment Management (download briefing note - PDF)
  IIGCC Climate Change and Aviation: flying into stormy weather (download report - PDF)
• Utilities (electricity) - led by BNP Paribas (download briefing note - PDF)
  IGCC Climate Change and Power Generation: hitting the coal face (download report - PDF)
• Letter to sell-side brokers on climate change and research (details & download letter)