GLIL Infrastructure Adopts Net Zero Framework, Invests in UK Solar
GLIL Infrastructure, overseeing £3.6bn in assets, has implemented a new investment management framework to bolster its climate goals. This move aligns with the recently launched net zero guidance for infrastructure assets by the Institutional Investors Group on Climate Change (IIGCC), complementing the Net Zero Investment Framework (NZIF).
GLIL, a collaboration of UK pension funds investing in core infrastructure opportunities within the UK, has deployed £3bn so far. While the specific pension funds supporting the Net Zero Investment Management Framework are not officially disclosed, it's known that several UK local government pension schemes channel capital through GLIL.
GLIL's latest investment was in a portfolio of 247MW of operational UK solar assets, demonstrating its commitment to renewable energy. As one of the first investors to adopt the NZIF's guidance for infrastructure, GLIL aims to enhance its work in the energy transition and achieve net zero by 2050.
Beth Breen, ESG Analyst at GLIL Infrastructure, believes the Net Zero Investment Management's framework will allow infrastructure investors to bring further substance to their Net Zero ambitions in a sector where it has been largely lacking.
GLIL Infrastructure's adoption of the Net Zero Investment Management Framework signals a significant step towards achieving its net zero goal by 2050. This move, along with its recent investment in UK solar assets, underscores GLIL's commitment to driving the energy transition and responsible infrastructure investment.
