Thematic investments are an ideal approach to tackle specific sustainability topics. We mainly target investments that contribute to a low-carbon economy. An effective way to do this is by investing in infrastructure renewables and green bonds. As the latter is more of a concept than a specific investment class, we use the Green Bond Principles (GBP) from ICMA as guiding principles for our investments. In 2018, we reached our green bond target of at least USD 1.5 billion by holding USD 1.6 billion per year-end.
As part of the Inclusion pillar of our responsible investment approach, we make thematic investments in infrastructure renewables ...
Infrastructure is an attractive asset class for our investment portfolio given its credit quality and inherent liquidity premium. Any of our infrastructure investments is assessed against a catalogue of ESG parameters to evaluate the underlying sustainability risk.
- 21% of our infrastructure investments are allocated to renewable energy, such as wind farms and solar panels
- 23% of our infrastructure investments are allocated to social infrastructure, such as hospitals, student dorms or affordable housing projects
... as well as social infrastructure such as hospitals.
In our 2018 Financial Report, we further disclose information on our climate change-related investment risk exposure.