For financial advisers and professional investors only – not for distribution to retail investors.
January 15, 2024
Insight summary
GreenWaste, an underlying asset of the Macquarie Private Infrastructure Fund, is contributing to conscious circulation of resources and materials throughout their life cycle helping to avoid the emissions associated with landfill disposal.
In 2022 alone, GreenWaste diverted over one million tonnes of organic waste from landfill, which included more than 500,000 tonnes of yard trimmings, food scraps and other organic material1. This waste diversion practice supports the continuous circulation of resources and materials throughout their life cycle to help avoid the emissions associated with landfill disposal.
As the sustainable waste management landscape evolves, in tandem with California’s regulatory environment, GreenWaste is well positioned as a key player to contribute to efforts to recover, repurpose and reuse more of Northern California’s existing materials.
Organic waste in landfills is one of the biggest sources of methane emissions in the United States2. In California, it is estimated that organic waste – such as food scraps, yard trimmings, paper and cardboard – makes up half of what is sent to landfill in the state3. Underscoring the scale of the issue, California’s recent Bill 1383 aims to reduce methane emissions by diverting food waste and other organic materials from landfills.
GreenWaste, a vertically integrated resource recovery and recycling company in California, has been playing its part in diverting organic waste away from landfill and processing it into reusable products and fuel sources.
GreenWaste, a vertically integrated resource recovery and recycling company in California, has been playing its part in diverting organic waste away from landfill and processing it into reusable products and fuel sources.
Acquired by Macquarie Asset Management (MAM) in 2021, and an underlying asset exposure4 of the Macquarie Private Infrastructure Fund, GreenWaste specialises in the collection, transfer and processing of municipal solid waste, organic materials and construction and demolition waste.
Learn more about how GreenWaste is supporting a more circular economy by recovering, repurposing and reusing existing materials in a case study as part of our FY23 Sustainability Report.
Learn more about the Macquarie Private Infrastructure Fund
Providing a unique, single entry point to Macquarie Asset Management’s global infrastructure platform, the Macquarie Private Infrastructure Fund offers wholesale Australian investors the exclusive opportunity to invest in institutional grade infrastructure.
The focus of the Fund’s unlisted infrastructure portfolio is to gain exposure to the sectors and geographic locations where Macquarie Asset Management possesses deep operational expertise and believes it has a competitive advantage. Such sectors include, energy and utilities, renewables, transportation, digital and communications, and other contracted infrastructure.
As part of its diversified underlying asset base, the Fund provides exposure to five waste management assets across the globe4. The waste management sector possesses attractive infrastructure characteristic including the provision of an essential service, typically high barriers to entry and generally stable, predictable cash flows.
Learn more about the opportunities offered through the Macquarie Private Infrastructure Fund.
1 ‘2022 Sustainability Report’, GreenWaste, 2023, www.greenwaste.com.
2 ‘Importance of Methane’, United States Environmental Protection Agency, www.epa.gov.
3 ‘California’s Short-Lived Climate Pollutant Reduction Strategy’, CalRecycle, https://calrecycle.ca.gov/.
4 The Fund has exposure to these assets as at 31 October 2022. The Fund may no longer have exposure to the assets listed at the date you access this website. Only a sample of assets have been selected and this list does not represent the full asset exposure of the Fund.
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This information has been prepared by Macquarie Specialist Investment Management Limited (ABN 84 086 438 995 AFSL 229916) the issuer of units in the Fund(s) referred to above. The Fund(s) referred to above is only open to investment by wholesale clients (as defined in section 761G of the Corporations Act). The Fund(s) is not offered in the United States or to any US Persons. The information on this page is general information only and does not take account of the investment objectives, financial situation or needs of any person. It should not be relied upon in determining whether to invest in the Fund. In deciding whether to acquire or continue to hold an investment in the Fund(s), an investor should consider the Fund's information memorandum. The information memorandum is available by contacting us on 1800 814 523. This information is intended for recipients in Australia only.
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Future results are impossible to predict. This document contains opinions, conclusions, estimates and other forward-looking statements which are, by their very nature, subject to various risks and uncertainties. Actual events or results may differ materially, positively or negatively, from those reflected or contemplated in such forward-looking statements.
Past performance information shown herein, is not a reliable indicator of future performance. No representation or warranty, express or implied, is made as to the suitability, accuracy, currency or completeness of the information, opinions and conclusions contained in this document. In preparing this document, reliance has been placed, without independent verification, on the accuracy and completeness of information available from external sources. To the maximum extent permitted by law, no member of the Macquarie Group nor its directors, employees or agents accept any liability for any loss arising from the use of this document, its contents or otherwise arising in connection with it.