Macquarie’s Climate Activities

For more than two decades, Macquarie has worked in close partnership with stakeholders in the public and private sectors to support the energy transition and advance solutions to climate challenges.

This is an important area of activity for Macquarie, and our businesses are continuing to work to develop practical solutions for our clients and communities, including:

• Investing in climate mitigation, supporting the deployment of renewables at scale and newer technologies that are critical to the transition, including batteries, hydrogen, sustainable aviation fuel and solutions to reduce emissions across agriculture, waste, transportation and real estate.
• Investing in adaptation approaches to build the resilience of essential infrastructure to existing climate change impacts.
• Supporting our portfolio companies in developing and implementing net zero plans.
• Supporting our clients as the leading global advisor on renewable energy transactions.
• Providing critical risk and capital solutions to commodity and energy suppliers, helping customers with compliance and voluntary carbon markets, and supporting the scaling-up of clean fuels and carbon capture and storage.

We also believe that the transition must be managed, orderly and just, which is why we have continued to support carbon intensive industries to reduce their emissions and continue to work with oil and gas companies, in recognition that much of the world will depend on carbon-intensive industries for a period as mitigation solutions are implemented.

Since 2022, we have been working to combine the global renewables expertise of Macquarie’s green investments team with fiduciary capital entrusted to Macquarie Asset Management (MAM), thereby providing access to larger pools of capital that in turn will allow us to support projects on a larger scale. The gradual transition of MAM green investments’ assets off Macquarie’s balance sheet is ongoing, as is fund-raising for a range of funds targeting climate solutions.

In 2022, we set out our strategy on Net Zero and updated it in 2023. Those principles continue to guide activity as our climate strategy evolves to meet the needs of our clients and the requirements of governments and regulators, which differ across markets. The Net Zero Banking Alliance (NZBA) helped develop global frameworks and assisted member banks as they established their initial decarbonisation plans. With those building blocks now in place, like many peers Macquarie will no longer be a member of NZBA, as we focus on updating and delivering our plans and reporting in line with regulatory requirements. We will provide a further update on our progress in our Annual Report in May 2025.