Company
Macquarie’s environmental, social and governance (ESG) approach reflects our responsibility to clients, shareholders and the communities in which we operate.
Clear dialogue with stakeholders is important for building strong relationships, understanding external dynamics, earning and maintaining trust, enhancing business performance and evolving our ESG approach. We regularly engage with a broad range of stakeholders including clients, customers, shareholders, investors, analysts, governments, regulators, employees, suppliers and the wider community.
Macquarie’s ESG approach is structured around eight focus areas considered to be material to our business and stakeholders.
Underpinned by What We Stand For and our Code of Conduct, these focus areas reflect the risks and opportunities identified by the business and the issues of interest to our stakeholders.
Driven by strong risk management, we work to continually improve performance across our focus areas to create sustainable value over the long-term. More information is available in the documents below.
Macquarie uses a well-established framework of ESG-related policies and practices covering:
| Environment and Social | Governance |
|---|---|
As outlined in our 2024 Annual Report, a key aspect of Macquarie’s climate strategy is prioritising efforts to reduce financed emissions. We now have targets in place for over 80% of our dollar exposures to carbon-intensive sectors and will outline our approach to all remaining material carbon-intensive sectors in the 2025 Annual Report.
Our approach to coal continues to evolve to reflect the needs of the energy transition and industry practice:
Macquarie is a founding Principal member of GFANZ and Macquarie Group CEO Shemara Wikramanayake is co leading GFANZ’s workstream on climate finance mobilisation for emerging markets and developing economies.
Macquarie Group CEO Shemara Wikramanayake was appointed a founding member of the Climate Finance Leadership Initiative in January 2019 and was appointed co chair of the Climate Finance Leadership Initiative (CFLI) country pilot in India in 2021, which concluded in December 2023. In September 2022, Macquarie joined the CFLI country pilot in Colombia.
In November 2020, Macquarie became an accredited entity partner of the Green Climate Fund.
In April 2022, Macquarie announced a new partnership with the UN’s Green Climate Fund (GCF) on a blended finance platform that seeks to accelerate the uptake of e mobility in India. We have also worked with the UK Government as the manager of the UK Climate Investments fund.
Macquarie Group CEO Shemara Wikramanayake was appointed a founding Commissioner of the Global Commission on Adaptation in October 2018. When the Commission’s mandate ended in 2021, Ms Wikramanayake became a member of the supervisory board of the successor organisation, the Global Center on Adaptation.
Macquarie became a member of the Sustainable Markets Initiative in 2021, and we are an active member of the Financial Services, Hydrogen and Sustainability 30 taskforces.
Macquarie Asset Management has been a signatory since 2015.
Macquarie has issued two loans under the Green Loan Principles since 2018
Macquarie Asset Management is a member of the Taskforce on Nature-related Financial Disclosures (TNFD)
In 2019, Macquarie joined RE100 with a commitment to source 100% of electricity from renewable sources across our global offices and data centres by 2025.
Macquarie has been a signatory to the CDP (Carbon Disclosure Project) since 2008.
Macquarie Asset Management has been an active member of GRESB Infrastructure since it launched in 2016 and became a member of GRESB Real Estate in 2019.
Macquarie became a member of the UN-convened Net-Zero Banking Alliance in October 2021 while Macquarie Asset Management joined the Net Zero Asset Managers initiative in March 2021.
Macquarie’s FY2024 ESG disclosures have been prepared with reference to the Global Reporting Initiative (GRI) Standards and are complemented by selected Sustainability Accounting Standards Board (SASB) Standards.
Macquarie is a member of the Taskforce on Scaling Voluntary Carbon Markets (TSVCM), a private sector-led initiative working to scale an effective and efficient voluntary carbon market to help meet the goals of the Paris Agreement.
