EPA Victoria and the Investor Group on Climate Change Australia/New Zealand (IGCC) signed a sustainability covenant on 12 August 2009, formalising their well established partnership to work together on increasing the prominence of climate change issues with the investment community.
IGCC is a collaboration of Australian and New Zealand investors concerned about the risks of climate change on their investments. IGCC represents institutional investors, with total funds under management of over $500 billion, and others in the investment community interested in the impacts of climate change on investments.
Under the Covenant, EPA and IGCC agree to:
- raise the investment community's awareness about the potential impacts, both positive and negative, of climate change on investments across different asset classes but particularly in relation to investment into listed companies and assets
- assist investors incorporate information on risks and opportunities associated with climate change into their investment decisions
- use their influence to increase the resource efficiency and reduce the ecological impact of the companies with which they interact.
The sustainability covenant is a voluntary, three year statutory agreement under section 49AA of the Environment Protection Act 1970.
Download the IGCC sustainability covenant