Environmental Social Governance

ICG recognises that corporate social responsibility is a key driver in managing the potential risks on an asset and can materially impact the long-term value of our infrastructure investments.

We are committed to managing our investments in a sustainable way, to ensure long-term success for our business, our clients and the communities we operate in.

ICG is a signatory to the Principles for Responsible Investment (PRI), representing a highly recognised commitment to the importance of Environmental, Social and Governance (ESG) issues in its business model.

For the list of signatories visit the PRI website

PRI image

Please click here to view ICG’s ESG Policy

 

ESG Initiatives by Asset

Newcastle Coal Infrastructure Group - Environmental

NCIG is committed to a variety of works to offset biodiversity impacts created by construction of the terminal. Part of this offset is the development of a 78 hectare Green and Golden Bell Frog habitat on Ash Island, part of the Hunter Wetlands National Park.
Construction was completed in November 2014, including the shaping of an aquatic and terrestrial habitat in seven individual stages and planting of 60,000 native wetland plant species.
Captive-bred frogs are currently being introduced into the habitat with the aim of establishing a sustainable population of Green and Golden Bell Frogs in an area of the National Park where the species were previously known to exist.
Working with scientists from the University of Newcastle, NCIG is responsible for the management of this area of the National Park to maintain the sustainable frog population.

Hallett Hill 2 Wind Farm - Financing Renewable Energy

In March 2015, the Hallett Hill 2 Wind Farm (HHWF) launched a A$205m issue in the US Private Placement (USPP) market. The USPP Notes have been certified in compliance with Green Bond Principles. The Green Bond Principles provide assurance that proceeds are being used to finance eligible activities with clear environmental benefits.
ICG engaged DNV GL Business Assurance Pty Ltd (DNV GL) to create a HHWF specific Green Bond Framework which can be used to demonstrate that HHWF is meeting the Green Bond Principles and provide an independent second party opinion as to whether the bond meets the criteria established in the framework. DNV GL have confirmed that the Notes are aligned with the Green Bond Principles and have approved the certification of the HHWF Green Bond.

Flinders Ports - Employee Safety

Flinders Ports, which owns and operates seven commercial ports in South Australia, has a commitment to maintaining high standards of safety throughout its business.
In 2014, Flinders Logistics, a subsidiary of Flinders Ports, received the Australian Shipping & Maritime Industry Award for Environmental Transport, a national award recognising its innovative solutions to environmental and health and safety risks. Flinders Ports also received an International Safety Award from the British Safety Council.
                                                                                           

Kwinana Power Station - Indigenous Communities

A scholarship has been established to assist indigenous youths with funding for their secondary education. It has so far provided scholarships for eight boys at Guildford Grammar school with funds provided from Kwinana Power Station under commitments detailed in a Heritage Agreement with the elders of the Nyoongar people. The program at Guildford Grammar has been a success for all concerned including the boys, the elders and the school.
There is also a Heritage Agreement in place that provides the Nyoongar people with funding assistance of $25,000 per annum for up to 10 years for the establishment of a community office to pursue cultural and land related activities.

Bald Hills Wind Farm – Community Fund

The Bald Hills Wind Farm Community Fund (BHWFCF) was established by the Bald Hills Wind Farm Pty Ltd (BHWF) in March 2015 to provide funding for projects of social, economic or environmental benefit to the Tarwin Lower, Venus Bay, and Walkerville districts in South Gippsland.

The BHWFCF has allocated approximately $25,000 per year to community projects and is committed to do so for each year that the wind farm is in operation. Local organisations can apply for project grants and must demonstrate that their community project provides an overall benefit to the district and wider community.

During the 2017 financial year the BHWFCF committee granted funds to 13 community organisation recipients.