Case studies

Fund targets emissions from ports, airports and electricity infrastructure

The $12 billion IFM Australian Infrastructure Fund, managed by IFM Investors, is working to reduce carbon emissions at some of Australia’s leading ports, airports and electricity infrastructure.

IFM Investors is a leading global infrastructure manger which has Australia’s largest portfolio of high-quality infrastructure assets including, Ausgrid, Brisbane Airport, Melbourne Airport, Sydney’s Port Botany and the Port of Brisbane.

IFM Investors is targeting comprehensive and sustained improvements to the carbon footprint of infrastructure assets while enhancing benchmarks and transparency around infrastructure emissions to deliver a step change in the emissions profile of infrastructure.

The CEFC estimates that just a five per cent improvement across the assets in the portfolio would abate almost 69,000 tonnes of CO2-e annually. This is equivalent to removing 14,775 cars from the road each year, or providing electricity to 7,450 homes a year.

IFM Investors, owned by 27 of Australia’s industry superannuation funds, invests on behalf of six million Australian workers and approximately 15 million pension fund members globally.

The CEFC is committing $150 million towards the fund to help achieve meaningful carbon efficiencies in its Australian infrastructure portfolio. Infrastructure-related emissions accounting for more than half Australia’s total greenhouse gas emissions, and assets within the sector are often large, expensive and built for the long term. For those reasons they are ideally placed to benefit from clean energy investment.

Initiatives may include installing on-site solar PV and battery storage solutions and transitioning car fleets to  electric vehicles over time. They are also likely to involve using smart management systems which monitor asset performance and assist with reducing energy consumption and optimising logistics and supply chains.

CEFC finance for infrastructure projects is part of its Sustainable Cities Investment Program, which is aiming to invest $1 billion into clean energy initiatives in Australian cities over 10 years.

Read more about the CEFC's infrastructure investments.