QIC fund drives decarbonisation across energy and transport
Investment to lift key infrastructure sustainability in hard-to-abate sectors
QIC Global Infrastructure Fund II, with CEFC backing, is establishing science-based emissions reduction targets for each of its portfolio companies to accelerate energy and transport decarbonisation.
$70 million
CEFC commitment
Decarbonising
value chains
Scope 3
emissions targeted
The CEFC is supporting key infrastructure assets that enable decarbonisation and industries that are challenging to decarbonise. By targeting the infrastructure that underpins our energy and transport systems, we’re helping to accelerate the lowering of emissions across the broader Australian economy.Julia HinwoodHead of Infrastructure, CEFC
Our investment
The CEFC has committed $70 million to the QIC Global Infrastructure Fund II (QGIF II) to drive the decarbonisation of two of Australia’s highest-emitting sectors – energy and transport.
The investment will also accelerate the transition to net zero emissions by driving down emissions across the entire value chain, targeting Scope 3 emissions.
Leading infrastructure investor QIC manages QGIF II and a key focus of the CEFC investment will be infrastructure supporting the transition of the energy sector to net zero emissions.
The commitment continues an ongoing relationship between the CEFC and QIC, following on from a 2021 $72 million investment in the QIC Global Infrastructure Fund (QGIF I). The CEFC has also invested $50 million into the QIC Everyday Retail Fund to drive decarbonisation across a portfolio of shopping centres, has an $80 million equity investment in the QIC Town Centre Fund and was a cornerstone investor in the QIC green bond in 2019, which was the world’s first retail property green bond.
OUR IMPACT
Accelerating sectors critical to the energy transition
Decarbonising hard-to-abate sectors such as heavy industry transport and infrastructure is a critical part of Australia’s transition to net zero emissions. Transport alone accounts for more than 22 per cent of Australia’s National Greenhouse Gas Inventory.1
The CEFC is helping to accelerate the lowering of emissions across the broader economy by targeting infrastructure that underpins our energy and transport systems.
Through its commitment to QGIF II the CEFC is contributing capital to transition-enabling assets such as smart metering, decarbonisation of transport and grid infrastructure. These areas represent emerging opportunities beyond the scope of traditional infrastructure portfolios.
Setting new benchmarks
QGIF II will build on the commitments of QGIF I of net zero for Scopes 1 and 2 by 2040.
QIC will establish greenhouse gas emission reduction targets at each portfolio company of QGIF II, validated by the Science Based Target Initiative.
Binding sustainability standards will be embedded across the portfolio, lifting decarbonisation standards to target Scope 3 emissions, with portfolio companies working closely with suppliers and providers to drive down emissions across asset value chains.
By supporting Scope 3 emissions measures, QGIF II is taking the next step towards decarbonisation across the entire supply and operations value chain, setting new benchmarks for emissions accountability and climate impact.
1 DCCEEW, Quarterly update of Australia’s National Greenhouse Gas Inventory: June 2025
