Macquarie Asset Management "Will Accelerate Climate Change Response and Low-Carbon Energy Transition"

[Asia Economy Reporter Minji Lee] Macquarie Asset Management Group, the world's largest infrastructure asset manager, supports the transition to a low-carbon economy by implementing various solutions to mitigate climate change and adapt to its impacts. Macquarie Asset Management announced on the 22nd that it aims to achieve Net Zero carbon emissions for its portfolio companies by 2040.

Martin Stanley, CEO of Macquarie Asset Management Group, stated, "As a long-term investor in companies that support economies and communities, we have a serious responsibility to address the climate crisis," adding, "We will reduce carbon emissions across our investee companies and build sustainable long-term value for investee companies, clients, and communities."

First, as a major shareholder, Macquarie Asset Management Group plans to establish business plans by the end of 2022 for alternative investment assets over which it can exert influence, to implement the Paris Agreement and achieve Net Zero.

To accomplish this, Macquarie Group is undertaking steps including △ measuring greenhouse gas emissions of managed assets △ identifying measures to reduce emissions △ developing business plans to achieve a Net Zero economy by 2040 △ establishing related plans within 24 months of acquisition for new investments △ reporting progress on managed assets toward Paris Agreement and Net Zero carbon emission reductions by 2030.

For listed securities or alternative investment assets where Macquarie Asset Management is not a major shareholder, the company plans to support achieving Paris Agreement goals based on fiduciary and regulatory responsibilities to investors. The company explained, "The Net Zero implementation plan can contribute to Macquarie Group’s renewable energy project development, operation, investor decarbonization support, and efforts to enhance infrastructure resilience to climate change."

Additionally, Macquarie’s Green Investment Group (GIG) is working across 25 markets to support corporate and national decarbonization goals. GIG has already invested or arranged transactions exceeding AUD 36 billion (approximately KRW 29.7 trillion) in green energy projects, provided clients with over 3GW of renewable energy PPAs (Power Purchase Agreements), and is developing 30GW of new global projects.

Meanwhile, over the past decade, Macquarie Group has invested more than AUD 60 billion (approximately KRW 49.6 trillion) in renewable energy projects and operates based on carbon neutrality. Macquarie Group is currently developing, constructing, investing in, and operating over 50GW of renewable energy projects across four continents, supporting related governments and clients in achieving decarbonization goals across the economy, including energy, agriculture, transportation, waste, industrial gas emissions, and real estate.