Macquarie Asset Management has committed to net zero by 2040 in its latest sustainability report.
Macquarie AM has reaffirmed its commitment to managing its portfolio in line with net zero emissions by 2040 with the release of its latest Sustainability Report. The firm has also become one of the first large asset managers to sign The Climate Pledge, joining a global coalition of more than 100 climate leaders who share the ambition of achieving the goals of the Paris Agreement 10 years early.
In the report, the world’s largest infrastructure manager outlines an update on its progress towards achieving its commitment to invest and manage its portfolio in line with net zero carbon emissions by 2040. To date:
65 per cent of Macquarie Asset Management’s infrastructure portfolio companies have begun their journey to net zero, establishing mechanisms to track and report greenhouse gas emissions and energy consumption data.
22 assets in Macquarie Asset Management’s infrastructure portfolio have already put decarbonisation targets in place, with this figure to grow in the coming months as net zero business plans are finalised ahead of the firm’s specified 2022 target.
Ben Way, Group Head of Macquarie Asset Management, said; “In December 2020, we announced our commitment to invest and manage our portfolio in line with net zero emissions by 2040, 10 years ahead of the goals of the Paris Agreement. Since then, we have been working closely with our portfolio companies to ensure they have the capabilities, and resources needed to measure their emissions, set reduction targets, and develop realistic plans to achieve them.”
Chris Leslie, Head of Sustainability for Macquarie Asset Management, said: “We are trusted to manage essential assets that impact people’s daily lives – including housing, water, power, communications and transport. We recognise the responsibility and the opportunity we have to place sustainability at the centre of everything we do. It brings a strong sense of purpose to our team’s daily activities. We are proud of the progress we have made so far but we have a long journey ahead of us, and that is exciting.”