User:Oceanflynn/sandbox/Institutional Investors Group on Climate Change

Institutional Investors Group on Climate Change (IIGCC), is one of four regional partner organizations, along with the Asia Investor Group on Climate Change (AIGCC), Ceres, and the Investor Group on Climate Change (IGCC) who compose the Global Investor Coalition on Climate Change (GICCC), which was formed in 2012. a group of 35 major investors managing US$11t in assets, including Pimco, Amundi, Nordea Asset Management, Church Commissioners for England,  Legal and General Investment Management, that was established in 2012. The parent group is Global Investor Coalition on Climate Change. (GIC).

In 2017, the (GICCC) launch Climate Action 100+ with other partners, to ensure the "world's largest corporate greenhouse gas emitters take necessary action on climate change".

In 2018, the Coalition launched "The Investor Agenda" with partners.

By April 2021, the IIGCC had begun discussions with "27 of the world’s largest banks" calling on them to "align their financing with a goal of net zero emissions and to ensure that executive pay is linked to this target".

IIGCC CEO Stephanie Pfeifer, was cited in a Financial Times article as saying that fossil fuel financing has been on the rise since 2016. The IIGCC said that for while investors are requiring banks to set "set net zero targets", this will not create the sufficient "impact needed". These net zero commitments usually "do not include 'Scope 3' emissions produced by customers and suppliers".

Members
Members include Goldman Sachs Asset Management International, PensionDanmark, HSBC Global Asset Management, BBC Pension Trust, BlackRock, University of Cambridge, Lloyds Banking Group Pensions Trustee Limited, Guardian Media Group PLC, Franklin Templeton, Pension Fund Swiss Re, Pimco,  Amundi, Nordea Asset Management, Church Commissioners for England,  and Legal and General Investment Management.