IFM Investors to transform transport, power assets
Major assets target green transformation
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.
infrastructure fund in Australia
IFM is a leader in sustainable investment. With the support of the CEFC, we will accelerate our program of measuring, reporting, and decreasing emissions from Australian infrastructure assets. The fact that this is the first commitment by the CEFC to an infrastructure fund reflects our alignment in a cleaner future. I invite other investors in infrastructure to follow our lead and make a difference.Kyle ManginiGlobal Head of Infrastructure, IFM Investors.
The CEFC is committing $150 million towards the fund to help achieve meaningful carbon efficiencies in its Australian infrastructure portfolio.
IFM Investors is is responsible for Australia’s largest portfolio of high-quality infrastructure assets, including Ausgrid, Brisbane Airport, Melbourne Airport, Sydney’s Port Botany and the Port of Brisbane.
The fund is owned by 27 of Australia’s industry superannuation funds. It invests on behalf of six million Australian workers and approximately 15 million pension fund members globally.
Infrastructure-related emissions account for more than half of Australia’s total greenhouse gas emissions. 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.
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.
Initiatives may include:
- installing onsite solar PV and battery storage solutions
- transitioning car fleets to electric vehicles
- using smart management systems to monitor asset performance and cut reducing use
- better management of energy consumption through optimised logistics and supply chains.
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.
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