IFM Investors Australian Infrastructure FY20 Carbon Footprint
Summary
Summary
IFM has been measuring and reporting annually on the carbon footprint of our infrastructure assets since 2017, when we first reported on the 2016 emissions of our Australian and global ex-Australia portfolios.
We report on the total scope 1 and 2 emissions and IFM’s financed emissions for the majority of assets in both portfolios. Measuring financed emissions helps us to understand our portfolios’ impact on climate change, manage key risks and determine decarbonisation opportunities, in line with our target of reducing total absolute emissions across our investment portfolios to net zero by 2050.
This report provides an update on the carbon footprint of our Australian infrastructure portfolio companies for the year ending 30 June 2020.
IFM’s Australian infrastructure portfolio is a diversified portfolio of core infrastructure assets, including airports, toll roads, ports and electricity supply assets. Our consideration of environmental, social and governance factors is embedded in our long-term ownership and stewardship of these portfolio companies.
About the author
Global Head of Infrastructure
Kyle Mangini
Joined in 2007
Kyle is responsible for implementing IFM’s infrastructure investment strategy and has ultimate investment responsibility for the Australian Infrastructure Fund and the Global Infrastructure Fund. Kyle is also a member of the IFM Investors Investment Committee. Kyle has more than 25 years’ experience in investment banking and asset management, including senior roles with CSFB and SBC Warburg. He has infrastructure experience in Asia, Australia, Europe as well as North and South America. His relevant transaction experience includes the execution of mergers, acquisitions, divestitures, initial public offerings, public bond offerings, private placements, commercial bank facilities and derivatives.