2016
MAY
US based ClimateWorks Foundation funds ClimateWorks Australia to develop the world ’ s first global energy productivity benchmark of industrial companies ( EPIC ). In July , California State Teachers ’ Retirement System ( CalSTRs ) - the world ’ s 13th largest pension fund - becomes the project ’ s lead investor
“ While improving energy performance may be great for the bottom line , there ’ s another big reason energy use is so important : According to the International Energy Agency , energy efficiency gains could achieve about 40 % of the emissions reductions required by 2050 to limit global warming to less than 2 0 C .”
SEPTEMBER
WEI SUE RESEARCH PROJECTS MANAGER CLIMATEWORKS
Launch of initial EPIC findings in New York . Reveals significant opportunity for improvement for over 70 % of the companies studied , along with compelling evidence of the financial benefits of energy efficiency measures
DECEMBER
MAY
ClimateWorks Australia presents the EPIC project findings in Paris , at an official COP21 event
COAG Energy Council launch the National Energy Productivity Plan - a 15 policy framework that includes ClimateWorks policy recommendations for energy market reform and vehicle emission standards
ClimateWorks launches the Energy Productivity Index for Companies - Guide for Investors . In a project supported by ClimateWorks Foundation and CalSTRS , the world ’ s 13th largest pension fund , this produced the world ’ s first global energy productivity benchmark for listed industrial companies . Using our research findings , CALSTRs then wrote letters to 7 major companies asking why they ranked low in our Index . To date the project has also delivered the following impacts :
• 70 global investors have attended our webinars
• The guide for investors was presented to the G20 working group on energy efficiency
• The United Nations Environment Programme Finance Initiative will share it with its member network , representing $ 4 trillion in funds under management
25