Progress Report 2022

Working in partnership

The transition to net zero demands collective action. That’s why we’re proud to take a leading role in a variety of important initiatives, offering our experience and expertise to promote the development of a greener global economy.


Industry association partners


Events we participated in


GEC attendees from 43 countries


Our global community

Raising the ambition with GEC and COP

In 2021 we held the annual Macquarie Green Investment Group  Green Energy Conference (GEC)  virtually for the second year running. Over 2000 delegates joined us from 43 countries to hear from leading figures in the energy transition and discuss the collective need to raise our ambitions ahead of COP26 in November 2021. At this year's COP27, we supported the Global Wind Energy Council’s "Wind. Are You in?" campaign, and our Global Head, Mark Dooley, shared insights on a number of high-profile panels throughout conference.

Training young people for green jobs with Generation 

We continue to provide technical advisory support to Generation UK & Ireland’s first-of-a-kind Green Jobs programme alongside funding from the Macquarie Foundation. The programme will see 100 unemployed young people trained to become retrofit advisors, supporting upskilling across the green sector. This year saw the programme’s first graduates secure long-term employment with an average salary of £24,000. 

Collaborating with BloombergNEF

Through our collaboration with BloombergNEF, we continue to make green impact data available to organisations wishing to invest in or procure electricity from high impact wind and solar projects. As at October 2022, the Project Impact Tracker, hosted on, had more than 68,000 wind and solar projects rated with GIG’s Carbon Score.

Accelerating the transition with FAST-Infra

FAST-Infra – the 'Finance to Accelerate Sustainable Transition in Infrastructure' initiative – focuses on accelerating investment in sustainable infrastructure. Alongside the Global Infrastructure Facility, we co-chair the Sustainable Infrastructure (SI) Label working group, which is developing a globally applicable label for SI assets to provide coherence for market participants, facilitate investment decisions and raise standards across the globe. Bloomberg L.P. and the Global Infrastructure Basel Foundation (GIB) have recently been appointed to serve as the data repository and secretariat of the label.

Mobilising climate finance with CFLI

Established in 2019 by Michael Bloomberg, the  Climate Finance Leadership Initiative (CFLI) is a private sector-led effort to mobilise and scale private capital for climate solutions with a focus on emerging markets and developing economies. Macquarie is a founding member of CFLI and Macquarie CEO Shemara Wikramanayake co-chairs the CFLI India country pilot, which has founded initiatives to advance e-mobility, water and the circular economy, green hydrogen, and further expansion of Indian renewable energy.

Supporting GFANZ

In April 2021, the Glasgow Financial Alliance for Net Zero (GFANZ) was launched by Mark Carney, UN Special Envoy on Climate Action and Finance. Macquarie is a member of GFANZ and in July 2021, Shemara Wikramanayake was appointed as chair to the GFANZ workstream focused on accelerating capital mobilisation for the transition in emerging markets and developing economies. The GIG team is supporting Macquarie's work on this programme drawing on its extensive experiences of advancing climate solutions across the globe.

Accelerating progress with SMI

The Sustainable Markets Initiative (SMI) was launched to focus on accelerating global progress towards a sustainable future. GIG’s Global Head, Mark Dooley, represents Macquarie on the SMI’s Financial Services Taskforce and co-chairs its Sustainable Infrastructure workstream, which is working on actionable plans to accelerate investment in sustainable infrastructure.

Evolving nature related risks with TNFD 

The mission of the Taskforce on Nature-related Disclosures (TNFD) is to create a risk management and disclosure framework to enable organisations to act on evolving nature-related risks, ultimately shifting global financial flows towards nature-positive outcomes. The Taskforce’s members represent $US19.4 trillion in assets and GIG is proud to support Elizabeth O’Leary, MAM’s Head of Agriculture, in her membership role. 

Developing green standards

In partnership with the British Standards Institution (BSI), GIG contributed expertise on behalf of the UK to ISO’s development of ISO 14030 standards for green bonds and green loans. In September 2021, ISO published the standards for issuing green bonds and loans, respectively, and in July 2022 the green taxonomy standard, which describes eligible categories for green investment, was published. 

Standardising green accounting 

We continue to contribute to the ongoing UNFCCC-supported work of the IFI Harmonised Approach to GHG Accounting, which in 2021 provided technical grid emissions data recommended by the Partnership for Carbon Accounting Financials (PCAF) Standard for GHG reporting on avoided emissions.