A commitment to responsible investment and ESG

A sustainable approach to investing has a positive impact on the value of investments and is vital for the interests of long-term investors. IFM is committed to considering environmental, social and governance issues into our investment decision making, and to ensuring that our own business and the entities that we control are responsible corporate entities.

Azhar Abidi, our dedicated Director, Sustainability and Responsible Investment works with our investment teams to incorporate ESG into investment decision making processes. Azhar is also Chair of the PRI’s Infrastructure Committee. Azhar was formerly an Investment Director in IFM’s Infrastructure Group. His experience includes execution of transactions relating to the acquisition of Pacific Hydro Limited, Duquesne Light Company and the social infrastructure assets on behalf of IFM as well as asset management responsibilities and board directorships.
Azhar is responsible for the implementation of IFM’s Environmental, Social and Corporate Governance (ESG) Plan and is involved in deal work, asset management, governance and product development.  He is also Chair of the PRI’s Infrastructure Committee.  Azhar was formerly an Investment Director in IFM’s Infrastructure Group.  His experience includes execution of transactions relating to the acquisition of Pacific Hydro Limited, Duquesne Light Company and the social infrastructure assets on behalf of IFM as well as asset management responsibilities and board directorships.  Prior to joining IFM, Azhar was an Associate with Hastings Funds Management where he had transactional and asset management responsibilities.

We consider environmental, social and governance (ESG) factors and their impact on new investments that we enter into across the various asset classes in which we invest. We actively manage our existing assets and seek to continuously improve upon the performance of assets across a range of financial and non-financial factors.

What is ESG?

There are no universally accepted definitions of ESG and the term is interpreted broadly. We consider ESG issues to be non-financial risks and opportunities that can affect the long-term value of investments.

IFM approaches ESG issues in terms of relevance and materiality. Consideration of these issues is used as a framework to avoid risk, including reputational risk, and to identify opportunities.

IFM's ESG due diligence requires that investments should not cause environmental damage, breach human rights, be liable of gross corruption or be culpable of other violations of fundamental ethical norms. Governance risks are considered in terms of shareholder rights, board composition, director skills and alignment of performance with remuneration.

How IFM supports ESG implementation »