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Managing financially material climate risk requires reliable, decision-useful data, yet climate-related information remains fragmented and complex. Investor Climate Alliances (ICAs) have emerged as institutional responses, providing the infrastructure to produce, share, and interpret climate risk data across heterogeneous communities. Using the governing knowledge commons framework, this chapter examines ICAs as collective governance systems – institutions that coordinate knowledge production through formal rules, informal norms, and shared practices. Investor Climate Alliances demonstrate that complex knowledge resources can be generated collaboratively. In doing so, they illuminate the friction between collaborative knowledge governance and corporate law’s traditional paradigms which constrain investor collaboration.
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