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 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.
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 MAM’s infrastructure business. MAM’s other businesses are incorporated into the overarching ‘Organisational Overview’ and ‘Strategy and Governance’ modules, which relate to MAM as a whole.
As part of our ongoing commitment to sustainability, Macquarie Asset Management (MAM) has been a member of GRESB Infrastructure since it was launched in 2016 and is represented on GRESB’s Infrastructure Benchmarking Committee. MAM 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. MAM has been recognised as a sector leader in the 2020 GRESB assessment results for the third year running, reflecting our commitment to the sustainable development of our assets and the communities in which they operate.
GRESB assessments provide sustainability benchmarking for both real estate and infrastructure funds and assets and are seen as the leader in this space. Importantly, these assessments provide us with valuable insights as we develop sustainability strategies for our assets and opportunities for best practices within our portfolio to be shared across industry sectors.
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.
Following a successful application to the UK Financial Reporting Council to become a signatory to the UK Stewardship Code 2020 (the Code) for the 12 months to 31 December 2021, MAM has applied to remain a signatory to the Code for the 12 months to 31 December 2022 and is awaiting the results of its application.
Stewardship is the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries leading to sustainable benefits for the economy, the environment and society. The Code is a voluntary code and comprises a set of 12 ‘apply and explain’ principles relating to engagement and stewardship in respect of a number of different asset classes, including listed equity, fixed income, bonds, real estate and real assets.
Our latest Stewardship Report is available here. Our report describes how MAM has applied the Code’s Principles in the 12-month period to 31 December 2022.
NZAM is an international group of asset managers committed to supporting the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5°C. Our participation is enabling us to partner with other leading investors to learn how we can enhance the implementation of our net zero strategy, share best practices, and drive more coordinated action to deliver the goals of the Paris Agreement.
One year on, we are pleased to have made positive progress across our global portfolio. You can read our client update here.
Latest sustainability news
31 May 2022
09 December 2020