Progress Report 2021

For almost two decades, GIG’s parent company, Macquarie Group, has worked with governments and clients to drive the energy transition and advance practical solutions to climate challenges. Over that time we have consistently grown the scale of our contribution and extended our capabilities.

Our growth has come through strategic acquisition, like the UK Green Investment Bank in 2017, and by incrementally expanding from areas of core strength. In addition to the global growth of GIG that you can read about in this report, Macquarie has developed leading positions in client advisory, where we have been the number one global financial advisor in renewable energy for the past five consecutive years. In the area of asset management we have set a market leading ambition to manage the world’s largest portfolio of infrastructure assets in line with global net zero by 2040. And our colleagues in the commodities and markets business are leaders in global carbon markets, and environmental products bank of the year.

We work hard to make sure that we are more than the sum of our parts. Climate leaders from every part of the Group meet monthly to drive collaboration and innovation. You can read more about our collective capabilities and commitments here and through the climate pages on our website. This also includes details of how we are working in partnership to drive the wider change needed to achieve our shared global climate goals. Our CEO, Shemara Wikramanayake, is leading the Group’s contribution on important initiatives through the newly established Glasgow Financial Alliance for Net Zero and the recently launched CFLI India partnership, with the support of colleagues from across the Group.

GIG, as a centre of excellence on green investment, has been instrumental in driving the rapid expansion of Macquarie’s climate capabilities and, in turn, GIG has benefited from Macquarie’s wider capabilities and global reach. We believe that this complementary combination brings a powerful, broad and deep suite of practical climate solutions to the benefit of our clients and communities.

This is how we are working together to rise to the greatest challenge, and opportunity, of our time.