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.
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Lendlease Funds Management
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Pendal Group is an independent, global active investment management with approximately $100 billion in assets under management.
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Teachers Mutual Bank Limited
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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…
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Victorian Funds Management Corporation
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U Ethical Investors
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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 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 (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 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
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