Finflex
As climate leaders meet in the UAE for COP28, the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change, Finflex brings you highlights from on the ground.
Finflex’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.
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.
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.
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.
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.
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
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.
Data points are accurate as of 31 March 2023 unless otherwise indicated.