31 / 03 / 23 - 1 minute read
Achieving green shipping corridors will require stakeholders from every corner of the shipping industry to act collectively and intentionally. It is not just about sourcing the alternative fuels and building the ships; landside infrastructure that supports refueling and maintaining the ships is just as important. Given that the shipping industry is on the front line of climate change –physical infrastructure, port activities and shipping lanes are vulnerable to sea level changes and extreme weather events –action is urgent.
Momentum behind sustainability is strong, for both consumers and investors alike. As consumers become increasingly alive to the carbon footprint of the shipping associated with their spending -the transport sector, and its contribution to GHG emissions, will come into the spotlight. Similarly, infrastructure investors and fund managers are already running magnifying glasses across their portfolios, seeking ways to reduce their carbon footprints. Ports will be increasingly flagged as a carbon intense part of any portfolio given shipping’s current and projected contribution to global emissions. If the shipping sector successfully changes course towards green shipping corridors, ports, as well as the supporting energy infrastructure, may present as the opportunity for sustainability-minded investors to maintain exposure to the transport sector.
Justin leads the Investment Solutions Group which is responsible for providing strategic advice and building investment strategies for institutional and government clients. Justin’s particular fields of expertise centre around developing and managing investment risk management strategies and developing alternative asset portfolio plans for institutional investors, focusing on liquidity and illiquid asset investment programs. Justin is a Chartered Accountant and a member of the Australian Institute of Company Directors with extensive experience in infrastructure investment, corporate finance and financial modelling together with performance analysis, reporting and alternative asset management. Justin sits on PATRIZIA’s Listed and Unlisted Infrastructure Investment Committees and is member of PATRIZIA Infrastructure’s Valuation Committee.
Managing Director Infrastructure Investment Solutions
Nicole McMillan is a member of Investment Solutions, and is responsible for asset allocation as well as manager research, selection, appointment, and monitoring for the Investment Solutions Group’s asset consulting clients. She is also an author of PATRIZIA’s thought leadership research, regularly writing on current trends in global financial markets. Prior to joining PATRIZIA, Nicole worked for Morneau Shepell, a Canadian human resources consulting firm, as an analyst within the Asset & Risk Management department. She was responsible for conducting asset liability studies, investment manager selection, and investment education presentations for the firm’s defined benefit and defined contribution pension plan clients.