Climate Change Data

Environmental Metrics

ESG Focus Areas

• Responsible Business
• Sustainable Environment
• Sustainable Communities

Environmental Achievements

• Donated water filters to 37 families and two schools in Colombia, providing access to clean water and reducing illnesses.
• Planted over 1,000 trees in 2020 through a “tolls for trees” initiative.
• Collected 14 tons of plastic in 2021, converting it into materials for 12 animal crossings.
• Removed three tons of waste and cleaned up over 7,000 linear meters of water sources through the Environmental Guardians Programme.
• Donated 300 trees to the Cartama Sustainable Alliance.
• Pacifico 2 ranked 5th out of all PPP projects in the GRESB global database with a score of 92/100.

Social Achievements

• Created 17,000 jobs across Antioquia through Pacifico 2 construction.
• Supported 169 businesses and created 292 jobs through a local supply chain strategy for Pacifico 2.
• Launched a Field Demonstration Event for MBTA's Automated Fare Collection system, installing 140 fare validators on 37 buses and 4 on subway gates.
• Received the North American Digital Infrastructure Deal of the Year award and North American Rail Deal of the Year award.
• Provided an annual wellbeing allowance to employees (c.£80,000 worldwide).
• Implemented a hybrid working pattern in Australia with overwhelmingly positive feedback (96% success rate).

Governance Achievements

• Completed the third Carbon Disclosure Project (CDP) Climate Change disclosure, retaining a “B” score.
• Integrated ESG principles into investment and decision-making processes.
• Refinanced Queensland’s New Generation Rollingstock Project with a A$630 million Green Loan with Climate Bond Initiative certification.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting people, assets, and asset users.
• Data gaps on energy and emissions for some portfolio projects.
• Managing the transition to a low-carbon economy for existing assets built under pre-existing frameworks.

Mitigation Strategies

• Kept critical public infrastructure running during the pandemic.
• Focused on supporting employee health and wellbeing.
• Added sustainability capabilities to the team and enhanced ESG integration into management decisions.
• Engaged with assets and teams to understand net-zero implications.
• Developed an action plan to engage partners on projects lacking sufficient data.
• Started developing climate-related scenario analyses for the portfolio.

Supply Chain Management

Responsible Procurement

• Local supply chain strategy for Pacifico 2.
• Know your customer process for new suppliers.

Climate-Related Risks & Opportunities

Physical Risks

• Damage from extreme weather events.
• Reduced asset performance due to long-term weather patterns.

Transition Risks

• Changes in energy prices.
• Impact of environmental regulations (carbon pricing).
• Increased client requirements for climate stress testing.

Opportunities

• Increased demand for decarbonisation of infrastructure.
• Demand for resilient digital infrastructure.
• Opportunities from the energy transition.

Reporting Standards

Frameworks Used: SASB, TCFD, UN Sustainable Development Goals

Certifications: Climate Bond Initiative (for Green Loan)

UN Sustainable Development Goals

• Goal 3
• Goal 5
• Goal 6
• Goal 7
• Goal 8
• Goal 9
• Goal 11
• Goal 12
• Goal 13
• Goal 15
• Goal 16
• Goal 17

Sustainability strategy aligned with UN SDGs.

Awards & Recognition

• North American Digital Infrastructure Deal of the Year
• North American Rail Deal of the Year

Environmental Metrics

ESG Focus Areas

• Climate Change
• Resource Use
• Biodiversity
• Communities
• Diversity, Equity and Inclusion
• Responsible Business

Environmental Achievements

• 90% of assets (by value) now calculate Scope 1 and 2 greenhouse gas emissions, up from 60% last year; 100% estimate Scope 3 emissions, up from 40% last year.
• 36% of portfolio value is in low-carbon investments (renewable energy, electric transport).
• 2,361 GWh+ of renewable electricity generated by assets in 2022.
• Four projects in construction achieved reuse and recycling rates of over 90%.

Social Achievements

• Proportion of women in front office roles increased by 21% over the past year.
• 37% of portfolio (by value) provides access to quality healthcare, housing, and telecommunications.
• 3,500 people provided with water filters.
• North East Link project aims to create 450 jobs for young jobseekers, 90 for those with disabilities, and 90 for transitioning workers.

Governance Achievements

• Appointed first Head of Sustainability.
• Implemented a new sustainability strategy based on six pillars.
• All assets had a health and safety policy in place.

Climate Goals & Targets

Environmental Challenges

• Climate change impacts (flooding, extreme weather).
• Resource depletion.
• Biodiversity loss.
• Maintaining high ESG standards across a diverse global portfolio.

Mitigation Strategies

• Incorporated climate risk analysis into investment and asset management processes.
• Developing sector- and asset-specific decarbonisation plans.
• Implementing waste prevention and reduction plans.
• Biodiversity protection policies and mitigation strategies.
• Robust community engagement programs.
• DEI policies and initiatives.
• Supplier codes of conduct and human rights due diligence.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier codes of conduct; due diligence on new suppliers; AI-powered compliance search engine.

Climate-Related Risks & Opportunities

Physical Risks

• Highway flooding, extreme weather

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Investment in climate solutions, renewable energy, energy-efficient technologies.

Reporting Standards

Frameworks Used: GRI Standards, TCFD, TNFD, ISSB, EU Taxonomy

Certifications: ISO 45001 (some assets)

Third-party Assurance: Reviewed by senior executives; not externally assured

UN Sustainable Development Goals

• Not disclosed

ESG action plans aligned with UN Sustainable Development Goals.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Duurzame Parel award (A16 project)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Resource Use
• Biodiversity
• Communities
• Diversity, Equity, and Inclusion
• Responsible Business

Environmental Achievements

• 31% of AUM covered by 1.5°C-aligned decarbonisation plans (21% ahead of schedule)
• 25% of AUM invested in climate solutions
• 78% of assets have waste prevention plans
• 92% landfill diversion rate across assets in construction
• 35% of assets have bespoke water management plans
• 100% of assets in or near biodiversity-sensitive areas have biodiversity management processes in place
• Portfolio-wide screening of biodiversity risks; no negative impacts on biodiversity-sensitive areas

Social Achievements

• 82% of assets have undertaken community engagement activities
• 46% of AUM invested in social and digital infrastructure
• 53% of assets undertake employee engagement surveys
• 62% of assets have dedicated DEI plans in place
• Various community initiatives such as providing water filters, supporting education, and creating employment opportunities

Governance Achievements

• All asset boards have oversight of the anti-corruption programme
• 72% of assets have processes to report health and safety near-miss incidents
• Sustainability-related objectives included in company-wide goals for management performance review and remuneration

Climate Goals & Targets

Environmental Challenges

• Decarbonising hard-to-abate sectors
• Minimising emissions during construction and reducing emissions in operations
• Addressing climate risks and vulnerabilities across the portfolio
• Managing waste generation from construction
• Minimising water use
• Protecting biodiversity around assets
• Ensuring health and safety for all workers
• Respecting human rights and workers' rights in the value chain
• Preventing and detecting corruption and bribery

Mitigation Strategies

• Integrated decarbonisation across processes, from investment approach to asset management
• Developing and implementing clear emissions-reduction targets for assets
• Performing location-based climate risk assessments
• Implementing waste prevention plans and promoting waste recycling
• Developing bespoke water management plans
• Implementing biodiversity management processes and mitigation measures
• Implementing health and safety plans and management systems
• Including explicit commitment to human rights in policies and procedures
• Implementing Anti-Bribery and Corruption (ABC) policies and training

Supply Chain Management

Responsible Procurement

• ESG rating tool for subcontractors
• Social procurement strategy

Climate-Related Risks & Opportunities

Physical Risks

• Erosion due to heavy precipitation

Opportunities

• Investment in climate solutions
• Investment in electricity transmission and water management for green steel

Reporting Standards

Frameworks Used: TCFD, EU Taxonomy, SFDR, SBTi, NZIF

Certifications: ISO 45001, ISO 39001

Awards & Recognition

• Four stars on strategy and infrastructure modules by the Principles of Responsible Infrastructure (PRI)