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IIGCC Annual Report 2025

"We are here to help you, our members, navigate the transition – both the risks and the opportunities.”

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Navigating the transition

Reflecting on climate action in an era of increasing complexities, Stephanie Pfeifer, IIGCC CEO and Faith Ward, Chair of the Board and Chief Responsible Investment Officer at Brunel Pension Partnership, recognised the strong foundations of progress laid so far and expressed optimism for the year ahead: 

“Whilst it may feel like that global consensus on net zero is fraying today for a multitude of reasons, the impact of the Paris Agreement cannot be underestimated. Its repercussions still underpin much of what investors and IIGCC are doing today.    

It has not all been plain sailing – and nor should it be. Tackling climate change on a global scale and limiting the worst impacts from rising temperatures could be the greatest challenge we face. But the transformation so far should not be underestimated: investor engagement and action; policy and regulatory developments; progress towards the goals of the Paris Agreement… 

…The best way to navigate the complexities today is to have a clear focus on where progress can be enabled and achieved. At IIGCC, we have a valuable role to play – particularly across Europe – in supporting our members.” 

Read the foreword
IIGCC_AR25_concepts2 1
Our annual report continues to be structured around our four strategic priorities, which are increasingly interconnected, to help investors face current and future challenges: net zero, nature, adaptation and resilience and emerging markets and developing economies. 
Members

c.400

members

Globe

60+

events held

opportunities

2.5k

event attendees

Highlights in 2025

Net zero

  • Continued expansion of Net Zero Investment Framework guidance to strategic asset allocation, considerations for EMDEs and index investing, plus Implementation Guidance  
  • New resources to support investors in their engagements with companies in sectors critical to the transition, including The Engage Series. Sectors and themes covered so far include grids, steel, oil and gas and food and agriculture. 
  • Continued growth and expansion of scope of the Net Zero Engagement Initiative (NZEI), including to private companies 
  • Successful response to the UK’s Financial Reporting Council’s Stewardship Code, with a revised code reflecting all of our headline asks  
  • A comprehensive programme of support for investors engaging with corporates, with proxy season a notable highlight, including the development of 32 memos exclusively for members  
  • Two investor call to action statements for the EU, advocating for maintaining ambition in EU sustainable finance regulation and the swift implementation of EU methane regulation without diluting changes  

Net zero in numbers

  • Five engagement initiatives
  • 270+ companies engaged through IIGCC 
  • 180+ attendees IIGCC Engage 
  • 450+ attendees IIGCC Summit 

Adaptation and resilience

  • We released two major resources to support investors in embedding adaptation and resilience into their portfolio strategies. Together they support investors in managing physical climate risk and channel capital into adaptation and resilience solutions on a global scale. 
  • The Climate Resilience Investment Framework (CRIF) supports investors seeking to develop individual climate resilience goals and implementation strategies. 
  • The second iteration of the Physical Climate Risk Appraisal Methodology (PCRAM 2.0) helps investors understand and manage the physical climate risks that climate change poses to real assets, appraising the adaptation options and linking it back to asset values. Three case studies were published to accompany this, which make the case for resilience investment. 

A&R in numbers

  • 2 new flagship resources on physical climate risk for investors 
  • 3 PCRAM case studies published 
  • 14 member sessions on adaptation & resilience strategy 

Emerging markets and developing economies

  • Acting secretariat by the FCDO for the EMDE Investor Taskforce, an industry-led initiative which aims to establish a structured dialogue between investors and governments on EMDE capital flows.  
  • We finalised supplementary NZIF guidance for emerging markets, supporting investors looking to incorporate EMDE nuances into net zero investment strategies. 
  • Through our initiatives, IIGCC members engaged with 20 companies or banks located in emerging markets or developing economies, with scope for this to expand further. 

EMDE work in numbers

  • 20 EMDE-based companies and banks engaged 
  • 4 new EMDE Investor Taskforce technical workstreams launched 
  • 5 member sessions on emerging markets investor strategy 

Nature

  • Our work on nature continued to gather momentum in 2025, with deforestation intensifying as a key focus at the centre of the climate-nature nexus. 
  • We prepared for the launch of the Deforestation Investor Group (DIG) in early 2026, following the sunsetting of FSDA at the end of 2025. The final FSDA progress report highlighted that all reporting investor signatories now have deforestation policies in place. 
  • Nature Action 100 released its first status report ahead of COP30, highlighting the significant progress made by the initiative since its launch in 2022. 
  • We advanced our EU advocacy on the Deforestation Regulation (EUDR), uniting the investor voice to emphasise the importance of timely implementation. 

Nature in numbers

  • 240+ signatories for Nature Action 100 
  • 100% of FSDA investors now have deforestation policies 
  • 7 member sessions on deforestation investor strategy 
  • Continued expansion of Net Zero Investment Framework guidance to strategic asset allocation, considerations for EMDEs and index investing, plus Implementation Guidance  
  • New resources to support investors in their engagements with companies in sectors critical to the transition, including The Engage Series. Sectors and themes covered so far include grids, steel, oil and gas and food and agriculture. 
  • Continued growth and expansion of scope of the Net Zero Engagement Initiative (NZEI), including to private companies 
  • Successful response to the UK’s Financial Reporting Council’s Stewardship Code, with a revised code reflecting all of our headline asks  
  • A comprehensive programme of support for investors engaging with corporates, with proxy season a notable highlight, including the development of 32 memos exclusively for members  
  • Two investor call to action statements for the EU, advocating for maintaining ambition in EU sustainable finance regulation and the swift implementation of EU methane regulation without diluting changes  

Net zero in numbers

  • Five engagement initiatives
  • 270+ companies engaged through IIGCC 
  • 180+ attendees IIGCC Engage 
  • 450+ attendees IIGCC Summit 
  • We released two major resources to support investors in embedding adaptation and resilience into their portfolio strategies. Together they support investors in managing physical climate risk and channel capital into adaptation and resilience solutions on a global scale. 
  • The Climate Resilience Investment Framework (CRIF) supports investors seeking to develop individual climate resilience goals and implementation strategies. 
  • The second iteration of the Physical Climate Risk Appraisal Methodology (PCRAM 2.0) helps investors understand and manage the physical climate risks that climate change poses to real assets, appraising the adaptation options and linking it back to asset values. Three case studies were published to accompany this, which make the case for resilience investment. 

A&R in numbers

  • 2 new flagship resources on physical climate risk for investors 
  • 3 PCRAM case studies published 
  • 14 member sessions on adaptation & resilience strategy 
  • Acting secretariat by the FCDO for the EMDE Investor Taskforce, an industry-led initiative which aims to establish a structured dialogue between investors and governments on EMDE capital flows.  
  • We finalised supplementary NZIF guidance for emerging markets, supporting investors looking to incorporate EMDE nuances into net zero investment strategies. 
  • Through our initiatives, IIGCC members engaged with 20 companies or banks located in emerging markets or developing economies, with scope for this to expand further. 

EMDE work in numbers

  • 20 EMDE-based companies and banks engaged 
  • 4 new EMDE Investor Taskforce technical workstreams launched 
  • 5 member sessions on emerging markets investor strategy 
  • Our work on nature continued to gather momentum in 2025, with deforestation intensifying as a key focus at the centre of the climate-nature nexus. 
  • We prepared for the launch of the Deforestation Investor Group (DIG) in early 2026, following the sunsetting of FSDA at the end of 2025. The final FSDA progress report highlighted that all reporting investor signatories now have deforestation policies in place. 
  • Nature Action 100 released its first status report ahead of COP30, highlighting the significant progress made by the initiative since its launch in 2022. 
  • We advanced our EU advocacy on the Deforestation Regulation (EUDR), uniting the investor voice to emphasise the importance of timely implementation. 

Nature in numbers

  • 240+ signatories for Nature Action 100 
  • 100% of FSDA investors now have deforestation policies 
  • 7 member sessions on deforestation investor strategy 

In 2025, we continued to support investors turning their climate commitments into practical action. This year, we advanced an integrated approach – connecting mitigation with adaptation and resilience, aligning global and emerging market efforts, and strengthening the links between nature and climate across investor strategies.  

This report highlights how corporate engagement, practical guidance, and policy advocacy continue to underpin investor efforts to support progress towards a net zero and climate resilient future.  

Thank you

Everything we do is made possible by our brilliant membership. Thank you for your continued support, your time and for the inputs which help to inform our work. We remain committed to serving you and helping you to tackle the challenges and to seize the opportunities ahead, in 2026 and beyond. 

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