Iconic assets lock in targets
Household infrastructure names in Australia – including Ausgrid, Melbourne Airport, Brisbane Airport, NSW Ports, the Port of Brisbane, Melbourne’s Southern Cross Station and Northern Territory Airports – have adopted their first emissions reduction targets. The targets will see emissions reduced by more than 200,000 tonnes CO2-e annually by 2030 – preventing millions of tonnes of carbon entering the environment over the life of the assets. IFM Investors owns or co-owns the assets on behalf of its industry super fund owners, other like-minded institutional investors and the millions of beneficiaries they represent. This significant piece of work gained momentum with a $150 million equity commitment from the CEFC.