Understanding Australian Infrastructure Carbon Reduction Initiative 2 Understanding Australian Infrastructure Carbon Red | Page 15

Ausgrid and Melbourne Airport have committed to emissions reductions targets as part of a push
by Australia’s largest infrastructure fund to reduce its carbon footprint.
IFM Investors announced on Monday that Melbourne, Brisbane, and NT airports, as well as NSW
Ports, the Port of Brisbane, Southern Cross Station, and electricity network Ausgrid, would
commit to a carbon abatement plan in an effort to align the fund’s critical infrastructure assets
with Australia’s Paris targets.
It follows a $150m investment, 12 months ago, from the Clean Energy Finance Corporation (CEFC)
to encourage emissions reduction projects in Australia’s biggest infrastructure projects.
The aim was to have IFM use its position on the board of critical infrastructure companies to
introduce firm emissions reduction targets and reporting requirements within the year.
In a statement, IFM said the commitments would reduce carbon dioxide emissions by 200,000
tonnes per year by 2030, the equivalent of removing 70,000 cars from the road.
“IFM Investors is pleased to be taking an active role as a major infrastructure investor to work
with the CEFC and our assets’ management teams to set carbon abatement targets and commit
to annual progress reporting,” IFM head of Australian infrastructure, Michael Hanna, said.