Super funds set carbon targets for $10bn worth of infrastructure assets

  • Aug 26, 2019
  • Sydney Morning Herald

A slew of Australia's largest infrastructure assets, including airports, docks and a train station, have set carbon emissions reduction targets for the first time as part of a co-ordinated push led by industry superannuation fund manager IFM Investors.

The targets set by Melbourne Airport, Brisbane Airport, Ausgrid, NSW Ports, Port of Brisbane, NT Airports and Melbourne's Southern Cross Station aim to eliminate 200,000 tonnes of carbon emissions annually by 2030.

The plan covers airports and other major assets. Credit:Craig Abraham

IFM Investors, which manages funds on behalf of industry super funds, said the emissions reductions across all its major local assets was the same as removing almost 70,000 cars from the roads.

IFM has a major stake in each of the assets, worth a combined $10 billion, and drove what it says is an "unprecedented" initiative over concern that climate change and associated severe weather events would damage those investments over the long term.

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