MaxCap Group becomes IGCC Member
Melbourne, 16 November 2020 – Australia’s leading commercial real estate investment specialist, MaxCap Group has announced that following on from becoming a Signatory to the United Nations Principles for Responsible Investment (UN PRI) and becoming a member of the Responsible Investment Association Australasia (RIAA), it has recently been admitted to membership of the Investor Group on Climate Change (IGCC).
IGCC is a collaboration of Australian and New Zealand investors focusing on the impact that climate change has on the financial value of investments. It represents institutional investors with total funds under management of over $2 trillion. Members of the IGCC work collaboratively to encourage government policies and investment practices that address the risks and opportunities of climate change, for the ultimate benefit of superannuants and investors.
The IGCC aims to raise awareness of the potential impacts, both positive and negative, resulting from climate change to the investment industry, corporate, government and community sectors, encourage best practice approaches to facilitate the inclusion of the impacts of climate change in investment analysis by the investment industry, and provide information to assist the investment industry to understand and incorporate climate change into investment decisions.
Wayne Lasky, Managing Director, MaxCap said “Joining the IGCC is a further step in our long-term commitment to enhancing our responsible investment practices and raising awareness of climate change risks across the markets in which we operate. Membership will help us to strengthen our climate change related investment management approach and further engage with our peers on best practice in this important space. Ultimately, we are focused on managing the impacts associated with climate change to ensure the long-term resilience and success of our business, our investments and our stakeholders in the Australian and New Zealand CRE and CRE Debt markets.”
MaxCap Group is committed to integrating ESG and Responsible Investment best practice in its operations and investment strategy. MaxCap recognises that these approaches can help to ensure the alignment of investment activities with the broader interests of stakeholders and society and create lasting value for our investors.