This report provides insight into climate-aligned investing, opportunities and challenges for asset owners and fund managers in Australia.

Responses were received from 25 asset owners and 28 asset managers, totalling 53 respondents with a median assets under management (AUM) of A$28 billion. This report provides the collective views and progress of investors with funds representing more than A$30 trillion AUM globally and A$2.1 trillion AUM domiciled within Australia. Therefore, this report covers approximately 60% of the total AUM in Australia. Many, but not all, survey respondents are IGCC members. As such, the IGCC expects that they are more engaged with climate risks and opportunities than Australia’s overall investment industry and are generally larger in terms of AUM.

This survey captures investors’ progress and the evolution of their approaches to transitioning to a net zero-carbon global economy, including setting targets, aligning assets with net zero, implementing net-zero strategies, deploying capital to climate solutions, and the barriers and challenges to moving faster.

This report includes aggregated data and graphs, investor comments, frameworks and action tips. There are also case studies that bring investors’ actions to life.