Seeking real world emissions reduction
IFM’s Climate Change Strategy underpins our commitment to net zero by 2050. We are currently working on a number of initiatives including making enhancements to corporate level governance and processes, reflecting recent changes to best practice, and working with each asset class to:
- enhance emissions baselines and improving data quality
- enhance due diligence processes and climate risk assessment frameworks
- confirm interim 2030 emissions reduction targets
For FY22 we are committed to supporting Australian asset owners to meet their decarbonisation goals and objectives by:
- Reviewing and extending our listed company engagement strategy and escalation process
- Developing and offering a low carbon or transition focused fund or strategy
- Working to increase the proportion of energy from renewable sources used by the Australian assets in our unlisted portfolios.
Setting emissions reduction targets for individual assets in IFM’s Australian infrastructure portfolio
During FY2019, IFM Investors worked closely with its major Australian infrastructure assets and co-owners to establish emissions reduction targets and pathways through to 2030.
IFM developed a Carbon Emission Reduction and Energy Efficiency Framework, which aims to assist assets to prepare for and transition to a low carbon economy by:
- Establishing an energy and emissions baseline;
- Developing targets for energy and carbon emission reductions and associated emissions reduction initiatives;
- Including sustainable design principles in major capital works; and
- Encourage assets to identify and deploy energy efficiency opportunities and new technologies.
At March 2019, emissions reduction targets have been established for 7 major assets comprising 90% of the Australian infrastructure portfolio value and 98% of the portfolio’s total scope 1 and 2 emissions.
IFM’s asset management team will monitor and assess progress, engaging with assets to help ensure they remain on track.
Latest Signatories
Stockland
Stockland is one of the largest diversified property groups in Australia – owning, developing and managing a large portfolio of retail town centres, workplace and…
Allianz
The Allianz Insurance Group is one of the world’s largest insurers with a proud 130 year history, providing support to over 100 million customers across…
TelstraSuper
TelstraSuper is Australia’s largest corporate, profit-to-member superannuation fund with more than $23 billion of funds under management on behalf over 85,000 members.
Aware Super
With $125 billion in funds under management, over one million members and 1,400 employees, we’re one of Australia’s largest industry funds providing superannuation, advice and…
Lendlease Funds Management
Lendlease’s Funds Management (LLFM) business manages $US36 billion in assets under management (AUM) comprised of property assets held across unlisted funds and separate mandates in…
Pendal Group
Pendal Group is an independent, global active investment management with approximately $100 billion in assets under management.
Cbus
Cbus manages over $54 billion on behalf of 770,000 members. Cbus is the leading super fund for building and construction in Australia. Our members build…
Teachers Mutual Bank Limited
Teachers Mutual Bank Limited is a globally recognised ethical company with profit for purpose as the business model and philosophy. One of Australia’s largest mutual…
Pollination
Pollination is a global climate change advisory and investment firm, accelerating the transition to a net zero, climate resilient future.
UniSuper
UniSuper is the super fund dedicated to people working in Australia’s higher education and research sector. With more than 450,000 members and $80 billion in…
New Forests
New Forests is a global sustainable forestry asset manager headquartered in Australia, with offices in New Zealand, Singapore and the United States. We are committed…
AustralianSuper
AustralianSuper manages $182 billion of members’ retirement savings on behalf of 2.3 million members from more than 330,000 businesses. One in 10 working Australians are…
Victorian Funds Management Corporation
Established under the Victorian Funds Management Corporation (VFMC) Act 1994, VFMC is a public agency that provides investment and fund management services to 29 Victorian…
U Ethical Investors
U Ethical is an investment manager with a difference. We believe in creating a better world by investing with purpose—today and into the future. Our…
ISPT
For over 25 years our properties have been meaningful places for the retailers, companies, government departments and communities that use them. We generate returns for…
Active Super
With over 85,000 members and more than $11 billion in funds under management, Active Super is the fund of choice for ethical and sustainable investments.
HESTA
HESTA is the industry superannuation fund dedicated to Australia’s health and community services sector. More than half of those working in the sector nationally invest…
Australian Ethical
Australian Ethical invests $7 billion ethically for over 60,000 super members and investors. Guided by the principles of the Australian Ethical Charter, Australian Ethical invests,…
abrdn
abrdn (formerly Aberdeen Standard Investments) is dedicated to helping investors around the world reach their desired investment goals and broaden their financial horizons. We seek…
IFM Investors
IFM Investors was established in 1994, for the purpose of protecting and growing the retirement savings of our investors’ beneficiaries, who are millions of pension…
Queensland Investment Corporation
The Queensland Investment Corporation (QIC) is an investment manager specialising in alternatives offering infrastructure, real estate, private capital, liquid strategies and multi-asset investments. Collectively, QIC…