GLIL infrastructure, which manages £3.6bn in assets, has adopted a new investment management framework to help deliver its climate goals.
In March 2023, the Institutional Investors Group on Climate Change launched net zero guidance for infrastructure assets, as a complement to the Net Zero Investment Framework (NZIF). This sets out clear methodologies and approaches for investors to align their portfolios with the Paris Agreement.
GLIL has now announced that it is one of the first investors to adopt the NZIF’s guidance for infrastructure, which it believes will enhance its work in the energy transition and enable GLIL to achieve its target of reaching net zero by 2050.
GLIL is a partnership of UK pension funds seeking to invest in core infrastructure opportunities within the UK. So far it has deployed £3bn into a growing portfolio of infrastructure assets, including renewable energy, battery storage and regulated utilities.
GLIL’s latest investment was in a portfolio of 247MW of operational UK solar assets.
Beth Breen, ESG Analyst at GLIL Infrastructure, says: “As a fund which delivers valuable investment into critical infrastructure projects across the UK and beyond, we know it is our responsibility to ensure that net zero commitments are carried out within an effective strategy to achieve our 2050 targets.
“We believe the Net Zero Investment Management's framework will allow infrastructure investors to bring further substance to their Net Zero ambitions in a sector where it has been largely lacking.
“Our adoption of this new framework aligns with our members’ commitment to driving the energy transition towards a sustainable net zero economy.”
