Corporate
05 October 2021
We moved the annual Macquarie Green Investment Group Green Energy Conference (GEC) online in October 2020 in response to the global COVID-19 pandemic. The virtual format allowed us to reach our biggest ever audience. Over 2,000 delegates joined us from 44 countries around the globe to hear from leading figures in the energy transition and join the discussion on the ‘Decisive Decade’. We are delighted to be hosting GEC virtually again in 2021 ahead of COP26.
GIG and Macquarie have partnered with Generation: You Employed, UK to offer a new training programme for unemployed young people that will provide them with the skills they need to thrive in the green sector. The pilot programme will support 100 18–29 year olds facing barriers to employment, training them to become retrofit advisors who help households across the country improve the energy efficiency of their homes.
Through our collaboration with BloombergNEF, we continue to make green impact data available to organisations wishing to invest in or procure electricity from high impact wind and solar projects. The latest features allow users to calculate GIG Carbon Scores of selected portfolios and a total of 65,000 assets around the globe now have a GIG Carbon Score.
FAST-Infra — the ‘Finance to Accelerate the Sustainable Transition-Infrastructure’ initiative – focuses on accelerating investment in sustainable infrastructure. Established in 2020 by the Climate Policy Initiative (CPI), HSBC, the International Finance Corporation (IFC), Organisation for Economic Co-operation and Development (OECD) and the Global Infrastructure Facility, active participation in the initiative has now grown to over 50 global entities, including governments, the financial sector, investors and non-governmental organisations (NGOs). GIG is co-chair of the Sustainable Infrastructure (SI) label working group which is developing a globally applicable label for SI assets to provide coherency for market participants, facilitate investment decisions and raise standards across the globe.
Established in 2019 by Michael Bloomberg, the UN Secretary General’s Special Envoy for Climate Action, the Climate Finance Leadership Initiative (CFLI) brings together CEOs from major corporates to consider how to mobilise and scale private capital for climate solutions. Macquarie is a founding member of CFLI and Macquarie CEO, Shemara Wikramanayake, was recently announced as co-chair of CFLI India. The GIG team supports Shemara in her GCA role.
In April 2021, GFANZ was launched by Mark Carney, UN Special Envoy on Climate Action and Finance, bringing together over 160 firms from the leading net zero initiatives across the financial system to accelerate the transition to net zero emissions by 2050 at the latest. Macquarie is a member of GFANZ and in July 2021, Shemara Wikramanayake was announced as leading a GFANZ workstream on emerging markets and mobilisation of capital. The GIG team is supporting Macquarie's work on this programme drawing on experiences of advancing climate solutions in emerging markets.
The Sustainable Markets Initiative (SMI) was launched by His Royal Highness the Prince of Wales at The World Economic Forum 2020 Annual Meeting in Davos to focus on accelerating global progress towards a sustainable future. GIG’s Global Head, Mark Dooley, represents Macquarie on the SMI’s Financial Services Taskforce and co-chairs its Sustainable Infrastructure workstream, which is working on actionable plans to accelerate investment in sustainable infrastructure.
