Over the year to 31 March 2018 Macquarie (ASX:MQG) invested in and arranged over A$9.5 billion in renewable energy, energy efficiency and clean technology, with over 12,546MW of diversified renewable energy assets in operation or under its management. It further committed to the growth of the clean energy sector through the acquisition of the UK Green Investment Bank during its last financial year. While community giving isn’t formally part of our investment criteria as such, it is worth noting that the Macquarie Foundation has given a total of A$330m together with its staff to community groups and charities from its inception in 1985 up to the end of FY18. Macquarie is within the investment universe of the Ethical Partners Australian Share Fund.
Ethical Partners are pleased to see Australia take the next steps to implement mandatory climate reporting with the release of draft climate standards, which we provided feedback on.
Ethical Partners have continuously called for the provision of high quality, comparable data on company’s climate governance and carbon metrics, which we believe is imperative for investors to fulfil the potential of responsible investment.
Ethical Partners have been proud to have been active supporters of the TNFD Forum over the past few years, and to provide regular feedback on the development of the official TNFD recommendations, which were launched in December, as well as to be active members of the RIAA Natural Capital Working Group.