Help us keep Australia Awesome

Australia is leading the way with a global collaboration between  institutional investors and the Australian governments on global climate change 

 25 organisations with approximately US$8 trillion (AU$12.2 trillion) in assets under management are identifying ways on how we can create a net zero global economy .

So who are some of the Investors ? 

 Aviva Investors, BNP Paribas Asset Management, Brandywine Global, HESTA, Nordea, Robeco and Schroders are facilitating the collaboration - supported by 

Achmea, Ardea Investment Management, Brown Advisory, Candriam, Colchester Global Investors, Fidelity International, First Sentier Investors, IFM Investors, Insight Investment, Jupiter Asset Management, LGPS Central, Morgan Stanley Investment Management, Munich Re, Neuberger Berman, Pendal Group, QIC, Rest and Sumitomo Mitsui Trust Asset Management.

Some of the goals include 

• Closing the gap between current action and a Paris-aligned emissions reduction trajectory;
• Establishing  detailed, credible, and economy-wide net zero transition plans with supporting policy mechanisms, budget expenditure and investment structures;
• Building greater climate adaptation and resilience across the economy and community to avoid worsening disruption and damage from physical risks;
• Improving disclosure of sovereign exposure to climate risks and opportunities consistent with international standards.

PRI Chief Executive Officer, David Atkin, said institutional investors understand that sovereign responses to climate change will be critical drivers of global action and capital allocators could be strong allies in helping accelerate the necessary economic transition.

“Collaboration  between sovereigns and investors can help make this happen says David Atkin - head of pRI https://www.unpri.org/climate-change

Robeco’s chief engagement officer, said he was heartened by the level of engagement to date 

Duncan Smith 

Head of APAC Communications, PRI  
duncan.smith@unpri.org 

https://www.csiro.au/en/research/environmental-impacts/climate-change/climate-change-information

https://www.climatechange.environment.nsw.gov.au/australian-climate-change-observations#:~:text=Australia's%20climate%20has%20warmed%20since,night%2Dtime%20temperatures%20have%20increased.

Key points

• Australia is experiencing the effects of global climate change.
• Our average land and sea temperatures have increased.
• Despite large natural variation we are also seeing changes to rainfall patterns, increased fire danger, and rising sea levels. 
• Most of the changes observed over recent decades will continue and worsen in the future. 

Current outlook for Australia

Most of the changes observed over recent decades will continue into the future. Projections suggestthat for Australia:

• hot days will become hotter and more frequent 
• the time in drought will increase across southern Australia
• snow depths will decline 
• extreme rainfall events will become more intense 
• sea levels will rise 
• oceans will become more acidic.

The NSW and Australian Regional Climate Modelling (NARCliM) project.