Macquarie Group

Supporting climate solutions

For two decades we have worked in close partnerships with stakeholders in the public and private sectors to support the energy transition and advance solutions to climate challenges. We remain committed to playing an impactful role in the global transition to net zero emissions by 2050. 

As climate leaders meet in the UAE for COP28, the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change, Macquarie brings you highlights from on the ground.

Macquarie Group’s GEC event series brings together leaders in industry, finance and policy to discuss the challenges, opportunities and progress in the global transition to net zero.​

Our capabilities and commitments

With extensive expertise and experience in scaling energy transition solutions, we are using our deep capabilities in energy, infrastructure, technology and commodities to support climate action in five key areas.

Here are some of the ways in which we are working with partners around the world to support decarbonisation efforts and invest in the energy transition.​

Developing and investing in green energy

Annual clean energy investment worldwide will need to almost triple from $US1.7 trillion in 2023 to $US4.6 trillion by 2030 to put the world on track for reaching net zero emissions by 2050.1 Working alongside clients and investors, we are developing, constructing, financing and managing green energy projects across the world.

90+ GW

in development2

2 GW

under construction3

14 GW

currently operating3

Enabling the energy transition of customers, clients and our portfolio companies

We are supporting clients to develop new approaches to accelerate their energy transition. This includes providing critical risk and capital solutions to commodity and energy suppliers, helping customers with compliance and voluntary carbon markets, supporting the scaling-up of clean fuels and carbon capture and storage, and a specialised electric vehicle buying service in Australia. We are also a leading global financial advisor in renewables infrastructure4 and are working with portfolio companies on their decarbonisation targets.

We recognise the science on climate change and the widespread disruption it is causing. We believe that we can contribute positively to the challenges and opportunities of climate change mitigation and adaptation through the financing of practical solutions driven by our core capabilities.

We also believe that the transition must be managed and orderly, which is why we are actively supporting carbon intensive industries to reduce their emissions and continuing to work with oil and gas companies, in recognition that much of the world will depend on these industries for years to come. 

Global Financial Advisor 4

#1

in renewables infrastructure

Advised clients on5

$US22.5b+

of renewables transactions over the 2022 calendar year

Investing in adaptation and resilience

As the world’s largest infrastructure manager6 and a leading developer of new greenfield infrastructure, we are helping prepare communities for a changing world by designing climate resilience into new construction. At the same time, we are investing in the adaptation of the infrastructure we manage.


The largest infrastructure manager globally6


Aligning our activities with our net zero ambitions

We are committed to aligning our financing activity with the global goal of net zero emissions by 2050. We also target net zero in our own business operations across Scope 1 and 2 emissions by FY2025, and we are developing emissions reductions strategies for Scope 3 in line with industry guidance.7


We have financed emission targets in place for oil/gas, motor vehicles, coal and residential mortgages sectors.


Targets in place cover over 80 per cent of our dollar exposures8 to carbon-intensive sectors.


Working in partnership to accelerate progress

Regardless of the solution or the sector, accelerating decarbonisation at pace and scale, in a way that preserves and generates value, requires strong partnerships. We’re actively engaged in global climate initiatives and work with partners in the private and public sector to advance climate solutions.

  1. IEA (2023), World Energy Investment 2023, IEA, Paris https://www.iea.org/, License: CC BY 4.0. Accessed September 2023 
  2. As at 31 March 2023 measured using 100% of generating capacity for assets managed/owned (including partially) by Macquarie. On our balance sheet or under Macquarie management. Excludes lending and private credit funds. GW of green energy assets reflect 100% generating capacity of each asset, not the proportion owned/managed by Macquarie. Refer to the FY2023 Basis of Preparation for ESG Reporting for the definition of ‘green energy assets.’
  3. Of green energy assets under construction as at March 2023 measured using 100% of generating capacity for assets managed/owned (including partially) by Macquarie. PWC has provided limited assurance over this metric as detailed in the PWC independent assurance report available within Macquarie’s FY2023 Basis of Preparation for ESG Reporting. This also sets out the reporting boundaries, definitions and measurement methodologies for the assured metrics.
  4. Macquarie Capital is the #1 renewables infrastructure financial adviser globally and #1 infrastructure financial adviser globally based on information by inspiratia for the 2022 calendar year by deal value. There can be no assurance that other providers would reach the same conclusions.
  5. Excludes private credit funds. Assets under management (AUM) is calculated as the proportional ownership interest in the underlying assets of funds and mandated assets that Macquarie actively manages or advises for the purpose of wealth creation, adjusted to exclude cross-holdings in funds and to reflect Macquarie’s proportional ownership interest of the fund manager. Private Markets AUM includes equity to deploy.
  6. The ranking was awarded to Macquarie Asset Management in July 2022 and is the opinion of IPE Real Assets. The ranking is based on Assets Under Management (AUM) at 31 Dec 2021. There can be no assurance that other providers or surveys would reach the same conclusions.
  7. Scope 1 direct emissions occur from sources owned or controlled by an entity and includes Macquarie’s emissions associated with diesel, natural gas, and refrigerants use; Scope 2 emissions are indirect emissions from the generation of purchased or acquired energy such as electricity, heat, steam and cooling and include emissions from electricity usage in Macquarie’s offices and data centres; Scope 3 emissions include all other indirect emissions that occur in the value chain of the entity, including both upstream and downstream emissions. For Macquarie’s own business operations, Scope 3 includes Categories 1-8 Scope 3 operational value chain emissions as defined by the Greenhouse Gas Protocol. It excludes Scope 3 Category 15 (financed emissions), which is covered in our Group Net Zero and Climate Risk Report. Data points are accurate as of 31 March 2023 unless otherwise indicated.
  8. Refers to $A. Exposures include on‑balance sheet lending and equity investments. In addition, for motor vehicles, it includes novated leases. See Appendix 3 in 2023 Net Zero and Climate Risk Report for details.

Data points are accurate as of 31 March 2023 unless otherwise indicated.