Decarbonising investments now eligible in Low Carbon Investment Registry, from June 2015
What is the Low Carbon Investment (LCI) Registry?
The Low Carbon Investment (LCI) Registry is a global public online database of low carbon and emissions reducing investments made by institutional investors.
Rationale: Why create a registry of low carbon investments made by institutional investors?
Policy maker, beneficial member and investment sector interest is growing rapidly in the nature of low carbon investments which have been made by institutional investors (“Investors”) and the rationale for such investments. The Low Carbon Investment Registry (“LCI Registry”) provides:
- A voluntary opportunity for Investors to communicate their low carbon investments publicly;
- A base of evidence in the form of examples of low carbon investments made by Investors globally; and
- A better understanding for Investors and their stakeholders of flows of private capital into low carbon investments.
The objectives of publishing data from LCI Registry include:
- Providing momentum to international negotiations on emissions reductions leading up to 2015, by demonstrating to national governments that Investors are making low carbon investments.
- Demonstrating to beneficial members that pension funds are making low carbon investments and are also seeking to better understand future low carbon investment opportunities.
Is anyone else providing a registry of low carbon investments by institutional investors?
Other groups collate and report relevant investments, but the LCI Registry fills a gap in the market, for example:
- Bloomberg New Energy Finance assesses renewable energy but not all low carbon investments
- Preqin assesses infrastructure investments, but not on sources of capital
- OECD models private low carbon investment flows but does not have data from investors to calibrate these models.
No single initiative provides data on activities related to the full range of low carbon investments made by institutional investors. The LCI Registry aims to do just this and to help stakeholders better understand flows of private capital into low carbon investments.
Who should enter data into the LCI Registry?
The LCI Registry is a database of low carbon and emissions reducing investments made by institutional investors. Accordingly all entries in the LCI Registry are to be made from the perspective of the asset owner (e.g. pension funds, master trusts or insurance companies). Asset managers may assist their clients, with their approval, to enter data into the LCI Registry.
What are the principles to consider when entering data to the LCI Registry?
In choosing to contribute to the LCI Registry, we urge you to consider these three guiding principles.
- Inclusion: At least contribute the easily-identifiable low carbon investments in your portfolio.
- Completeness: We acknowledge that the LCI Registry will not be a complete set of low carbon investment data and will take some time to grow.
- Integrity: Participants should ensure that their share of an investment is only entered once, from the perspective of the asset owner.
What happens to my data once I have inputted it to the LCI Registry?
- Check the data is accurate and complete.
- Submit your data by clicking “Submit” button.
- You will receive an email for each record you complete and submit.
- Once submitted, staff from the regional investor networks will check it. You may be contacted via the email address that you provided to clarify particular data entered.
- For amounts over $500 million, we will contact you via email to check data submitted before publishing.
- Investor network staff will publish your entries and so it may take a day or two for your entries to become public.
- If at a later stage you discover that you need to change or remove data submitted, email the contact in your region with the changes that need to be made.
Will this data be made public?
As the data, once published will be available for viewing by other investors and eventually the public, users are encouraged to check that they are legally able to disclose and submit data to the LCI Registry and in the format requested.
Registry data will inform analysis on the low carbon investment priorities of Investors and be used in dialogue with governments about policies leading to a low carbon economy (e.g. climate, emissions or energy policies).
How do I identify an eligible investment to add to the LCI Registry?
Where possible, we have drawn on existing industry definitions and guidance (for example, the use of a framework based on the draft Climate Bonds Initiative (CBI) taxonomy for low carbon investments) rather than developing new ones.
The LCI Registry Taxonomy of eligible investments is available for your information.
Where the investor is unsure of the project details or there are multiple low carbon projects in a single asset (e.g. a low carbon fund), data can be entered in the “Multiple” section by type of investment.
Disclaimer: The Registry contains information provided by third parties that may not be accurate, complete or up to date, and is subject to possible review and correction. We make no representation or warranty as to the completeness, accuracy, timeliness, adequacy or reliability of any entry in the Registry. We have not independently verified the information in the Registry.
Nothing contained in the Registry constitutes or implies any endorsement or recommendation of any investment product, vehicle or strategy or constitutes investment advice by the Coalition or by the investors listed or their asset managers or investment advisors. The information contained herein is intended as general illustrative information only.
To the fullest extent permitted by law we disclaim all responsibility, liability, direct, indirect or consequential loss (and whether or not arising out of the negligence, default or lack of care by any one or more of them) for any loss or damage suffered by any person arising out of, or in connection with, any use of or reliance on the Registry.