Macquarie Infrastructure and Real Assets (MIRA) announced today that it has launched a program to better understand and reduce the greenhouse gas footprint of its more than 120 infrastructure portfolio companies. The announcement was made together with the release of the firm’s first Infrastructure Sustainability Report.
With approximately AUS$215 billion assets under management, including infrastructure assets of AUS$168 billion, MIRA is one of the world’s leading alternative asset managers.
Martin Stanley, Head of Macquarie Asset Management (MAM), said:
“Environmental, Social and Governance matters have always been central to MIRA’s investment and asset management philosophy. But as our business has grown, as the challenges our world faces become more complex and as the role of private capital evolves, we are taking our commitment to sustainable investment to a new level. Sustainability and long-term value creation are fundamentally aligned, and it remains our ambition to be the global leader in both.”
As part of the new program, MIRA announced that it will establish measurable goals and outcomes that will enhance and capture value through sustainable practice and purpose. The company has also invested in internal expertise with the formation of a dedicated sustainability team.
The new program adds to MIRA’s other recent infrastructure sustainability commitments. In 2019, the firm launched a program to collect quarterly emissions and energy data from infrastructure portfolio assets, in order to compare performance within industries to identify challenges, solutions and opportunities, set targets and track progress.