Sustainability

Because the best kind of investment is where everyone gains.

Overview

At the heart of our approach is a commitment to sustainability.

That’s why we invest in businesses that underpin communities and economies – aiming to add real and lasting value for our clients and the people our assets serve.

As custodians of these vital businesses we have a responsibility to create stronger, more sustainable investments and a legacy of which everyone can be proud.

Environmental, social and governance (ESG)

The identification, assessment and responsible management of ESG risks and opportunities is essential to the sustainable long-term development of our assets and the communities in which they operate.

ESG considerations are embedded within our investment decision-making approach and the asset management frameworks that inform the way in which our portfolio companies assess and improve their performance.

We partner with our portfolio investments to share best practice and drive positive change. We seek to improve working conditions, minimise environmental impact and preserve the cultural heritage of the communities in which we invest

MIRA’s ESG framework is aligned with the broader Macquarie Group approach, which is set out here.

Environmental, Social and Governance (ESG)

The identification, assessment and responsible management of ESG risks and opportunities is essential to the sustainable long-term development of our assets and the communities in which they operate.

ESG considerations are embedded within our investment decision-making approach and the asset management frameworks that inform the way in which our portfolio companies assess and improve their performance.

We partner with our portfolio investments to share best practice and drive positive change. We seek to improve working conditions, minimise environmental impact and preserve the cultural heritage of the communities in which we invest.

MIRA’s ESG framework is aligned with the broader Macquarie Group approach, which is set out here.

Our commitment

Our commitment to sustainability is demonstrated through our membership of and alignment with GRESB, the United Nations supported Principles for Responsible Investment (PRI) and the UN Sustainable Development Goals (UN SDGs).

Principles for Responsible Investment (PRI)

The PRI is the world’s leading proponent of responsible investment. The PRI works to understand the investment implications of ESG factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions.

The Principles:

  1. We will incorporate ESG issues into investment analysis and decision-making process.
  2. We will be active owners and incorporate ESG issues into our ownership policies and practices.
  3. We will seek appropriate disclosure on ESG issues by the entities in which we invest.
  4. We will promote acceptance and implementation of the Principles within the investment industry.
  5. We will work together to enhance our effectiveness in implementing the Principles.
  6. We will each report on our activities and progress towards implementing the Principles.

Macquarie Asset Management (MAM) has been a signatory to the PRI since 2015. MAM’s Transparency Report has been made publicly available online and can be reviewed here. The ‘Direct - Infrastructure' module relates wholly to MIRA’s infrastructure business. MIRA’s other businesses are incorporated into the overarching ‘Organisational Overview’ and ‘Strategy and Governance’ modules, which relate to MAM as a whole. 

GRESB

As part of our ongoing commitment to sustainability, MIRA has been a member of GRESB Infrastructure since it was launched in 2016 and is represented on GRESB’s Infrastructure Benchmarking Committee. MIRA is also a member of GRESB Real Estate. GRESB provides an annual assessment of the sustainability framework and performance of infrastructure and real estate funds and businesses.

United Nations Sustainable Development Goals (UN SDGs)

The UN SDGs are a collection of 17 global goals set by the United Nations General Assembly in 2015 for the year 2030. They cover a variety of objectives including poverty, energy and the environment1.

Our asset managers increasingly utilise the SDGs as a tool to assess the contribution made by our portfolio assets to global development.

“We have an opportunity to make a real and sustainable difference. Together we can invest the world’s long-term savings while helping to build and develop businesses that matter. That’s why we exist, and it’s what we’re relentlessly focused on.”

Martin Stanley, Head of Macquarie Asset Management

Our insights

Our impact across the globe

For more information about MIRA, contact us.