Funds manager IFM Investors has published a plan to establish emissions reduction targets and pathways through its infrastructure portfolio.
IFM’s recently released 2018 Carbon Footprint Report states the firm’s commitment to managing climate change risk, saying it is ensuring the firm’s infrastructure assets internationally are well-positioned to transition to low carbon use.
The company is also currently measuring its emissions footprint and reporting annually on the metrics.
IFM’s plan reflects a greater trend in investing, with more than 100 major global financial institutions having introduced policies restricting coal funding.
“Setting reduction targets and being accountable to these targets is key to protecting our investment value and delivering environmental benefits for society,” Chris Newton, executive director of responsible investment at IFM said.
The firm said its analysis of its carbon footprint is helping it to understand the relative impacts of investments and sectors, allowing it to work closely with its investments to design more sustainable pathways, with detailed transition and physical risk assessments.
“Ours is a genuine, long-term strategy to address a serious issue that confronts us today,” Mr Newton said.
“Success depends on us working collaboratively with our investee businesses, partners, regulators and other stakeholders.”
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