A letter to our investors from Martin Stanley, Head of Macquarie Asset Management

Our commitment to net zero

Martin Stanley, Head of Macquarie Asset Management

Today Macquarie Asset Management announced our commitment to investing and managing our portfolio in line with global net zero emissions by 2040, ten years ahead of the deadline to achieve the goals of the Paris Agreement.

On the fifth anniversary of the Paris Agreement, this announcement signals our commitment to combating climate change and accelerating the transition to a sustainable low carbon future. 

As long-term investors in companies that underpin economies and communities, we take our responsibility to address climate change risks seriously. As stewards of these vital businesses, we have a duty to ensure they play their part in global efforts to address our warming planet. Today we are announcing a range of commitments that will reduce emissions across our portfolio and build sustainable long-term value for the benefit of our portfolio companies, our clients and the communities in which we operate.

We have already started developing Paris-aligned/net zero business plans across infrastructure and real asset portfolio companies where MAM exercises control or significant influence, a process we expect to be completed within the next two years. These plans include measuring the greenhouse gas (GHG) emissions of all portfolio companies and identifying pathways to reduce emissions in line with a net zero economy by 2040. New investments will have a Paris-aligned business plan within two years of acquisition. We will continue to report on our progress across our portfolio on an annual basis.

In our managed portfolios of public securities, and alternative investments where MAM does not have significant influence, we will support the goals of the Paris Agreement in a manner consistent with our client-guided fiduciary and regulatory responsibilities.  

This detailed commitment by MAM complements wider activities across Macquarie Group in developing and managing renewable energy projects, helping clients on their decarbonisation pathways, and adapting infrastructure for climate resilience.

We look forward to working with you, our investors, as well as our portfolio companies, regulators, and other stakeholders to achieve these transformational objectives for the benefit of all. As ever, we remain grateful for your partnership and we welcome your continued engagement as we seek to play our part in building a more sustainable future for everyone.

With kindest regards,

 

Martin Stanley

Head of Macquarie Asset Management

For more information about MIRA, contact us.