IFM Investors reduce carbon emission intensity

5 March 2019
| By Hannah |
image
image
expand image

Global institutional funds manager IFM Investors infrastructure portfolio’s financed emissions represented over 3,000,000 tonnes of carbon dioxide in FY2017, according to its 2018 Infrastructure Carbon Footprint Report.

Released yesterday, the report revealed that of this, 2,619,353 tonnes were from its global infrastructure portfolio and 540,702 tonnes from its Australian counterpart.

This represented a decline in carbon emissions intensity, meaning the tonnes of carbon dioxide emitted per million dollars invested. For global infrastructure, there was a 16 per cent decrease in IFM’s carbon intensity, and for Australian infrastructure, there was a 13.6 per cent drop.

IFM Investors cited not just environmental concern but also the investment risk of climate change as key drivers of its push to reduce emissions, saying that its environmental, social and economic consequences could impact value of the short, medium and long-term.

“Setting reduction targets and being accountable to these targets is key to protecting our investment value and delivering environmental benefits for society,” the firm’s executive director of responsible investment, Chris Newton, said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 3 months ago
Kevin Gorman

Super director remuneration ...

1 year 3 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 3 months ago

Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predict...

35 minutes 19 seconds ago

Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one ...

37 minutes 44 seconds ago

Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns a...

53 minutes 30 seconds ago

TOP PERFORMING FUNDS