PRI releases infrastructure case studies

The United Nations-backed PRI has released a compendium to highlight how its signatories are implementing responsible investment practices in infrastructure investment.

The case studies involve funds such as AustralianSuper, APG Asset Management and PGGM Investments.

The compendium follows a work stream the PRI Secretariat established at the beginning of the year to support the implementation of the PRI in infrastructure.

The PRI’s executive director James Gifford (pictured) says the organisation’s recent survey showed that 18 per cent of their signatories now invest in infrastructure. Of those 44 per cent invest directly in unlisted infrastructure, 62 per cent invest indirectly, and 6 per cent invest in both.

The report begins with an overview of the specific characteristics of infrastructure investments and discusses what responsible investment means in this asset class. From there, a diverse range of case studies by direct and indirect investors in unlisted and listed infrastructure are presented.

To view the report click here

Sponsored Content

Leave a Comment

GIC, Temasek eye trillions of growth in climate adaptation market

GIC, Temasek eye trillions of growth in climate adaptation market

Singapore’s two largest asset owners, GIC and Temasek, see attractive opportunities in climate adaptation solutions – a relatively underfunded area compared to decarbonisation. The former has already made selective adaptation investments and said the opportunity set across public and private debt and equity could increase to $9 trillion by 2050.

Sort content by

Re-intermediating investment management

In this paper, Ashby Monk and Rajiv Sharma from the Global Projects Center at Stanford University, examine the balance of power among the various parties in the private assets investment food chain. They argue that fund managers have too much power, as do the consultants that act as gatekeepers to those managers. While the authors

The contest: factor-based or industry-based allocations?

Factor-investing has not yet won the right to be the endurable and dominating asset allocation method, according to new research.

Indexing pressure improves active management

A new study of active and indexed-based mutual funds shows the impact of different countries’ regulatory and financial market environments. The study finds that the average alpha generated by active management is higher in countries with more explicit indexing and lower in countries with more closet indexing. The evidence suggests that explicit indexing improves competition in the mutual fund

Designing an investment organisation for the long-term

With so many asset owners looking towards long-term investing, it is considered for funds managers to ask how their business models are aligned with those client aims, or not. In this research paper, Geoff Warren, research director for the Centre for International Finance and Regulation looks at how investment management organisations might be built to

Beyond divestment

While divestment is a useful tool to communicate concerns of climate risk to stakeholders, it is not an optimal investment strategy, in part because it ignores short-term benchmark risk. A research paper by MSCI provides a framework for evaluating ways to reduce two dimensions of carbon exposure – current carbon emissions and potential future emissions

Why consultants can’t pick winners

A research paper that concludes that the funds recommended to institutional investors by investment consultant do not add value, has won the Commonfund Prize, awarded for original research relevant to endowment and foundation asset management. The paper, by academics at Saïd Business School, Oxford University and University of Connecticut School of Business, found that there

Previous