Macquarie Korea Infrastructure Fund
MKAM, as an affiliate of the Macquarie Group (Macquarie) and in a capacity as a manager and corporate director of MKIF, has adopted ESG framework that Macquarie Asset Management (MAM) applies to its fund management activities to the extent possible. As an active manager and fiduciary, MAM aims to improve the sustainability performance of its portfolio companies by addressing material ESG risks and opportunities to help preserve and create long-term value for our investors and the communities in which they operate. MAM assesses a broad range of commercial factors, including ESG risks and opportunities, throughout the entire investment lifecycle from screening and due diligence through to ongoing asset management and exit. MAM also regularly collects a range of ESG data from portfolio companies, allowing us to track and support improvement of their ESG performance.. MKAM is committed to continuously improving our ESG performance and sharing relevant updates with investors.
In supporting the transition to a low carbon economy, MAM has made the following commitments:
where we have control or significant influence, we will invest and manage our portfolio in line with net zero Scope 1 and 2 financed emissions by 2040 subject to limited exclusions1.
here we do not have control or significant influence, such as in our managed portfolio of public securities, we will continue to support the goals of the Paris Agreement2 in a manner consistent with our client-guided fiduciary duties and regulatory responsibilities. Accordingly, where we do not have control or significant influence, we will invest and manage our portfolio in line with net zero financed emissions by 2050.
For more information on MAM’s Net Zero Commitment, please refer to ”Our approach to net zero”.
1Please refer to Section 2.1.1 of “Our approach to net zero” for more information on how MAM defines control or significant influence and Section 2.1.2 for more information on exclusions to net zero by 2040.
2The Paris Agreement's central aim is to strengthen the global response to the threat of climate change by maintaining a global temperature rise this century well below 2°C above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5°C. The IPCC concluded the need for net zero emissions by 2050 to remain consistent with 1.5°C
