(Institutional Investors Group on Climate Change) - The third annual report on the actions taken by the signatories to the IIGCC Investor Statement on Climate Change shows that investors have made further progress in taking account of climate change in their practices and investment decision-making. There have been greater steps by asset owners to encourage their asset managers to integrate climate change into their investment analysis and investors are slowly broadening their engagement with companies to focus on climate performance as well as on climate disclosure. Moreover, there was unprecedented investor collaboration on public policy in the run-up to the UNFCCC climate conference in Copenhagen.

However, the report also suggests that there is scope for further action. Investors require improved corporate disclosure and climate change research. They would also benefit from additional guidance, particularly for those asset classes where climate change is not commonly integrated in investment analysis. And most importantly, strong, credible and long-term policy would go a long way towards accelerating investments that support the move to a low carbon economy.

Investors, companies and policymakers all need to take a leadership role on climate change and the IIGCC will continue to focus its efforts on all three areas. On public policy, the IIGCC will continue to engage on the international level but also refocus on regional and national policy measures. On companies, the IIGCC will encourage not only improved disclosure but also improved performance on absolute greenhouse gas emission reductions and, for investors the IIGCC will continue to provide best practice guidance.

Download the complete report at: http://www.iigcc.org/__data/assets/pdf_file/0019/946/3rd-Annual-Investor-Statement-on-Climate-Change-Report.pdf