GLIL Infrastructure Commits £3bn to Renewables, Adopts Net Zero Framework
GLIL Infrastructure, a UK-based partnership of pension funds, has committed £3bn to a portfolio of infrastructure assets, including renewable energy and regulated utilities. The group, which includes the BT Pension Scheme, Universities Superannuation Scheme, and Railways Pension Scheme, has adopted a new Net Zero Investment Framework to guide its climate goals.
GLIL's latest investment was in a portfolio of 247MW of operational UK solar assets. The partnership aims to enhance its work in the energy transition and achieve net zero by 2050 using this new framework. Beth Breen, ESG Analyst at GLIL Infrastructure, believes the new framework will bring substance to net zero ambitions in the infrastructure sector. GLIL, managing £3.6bn in assets, has so far deployed £3bn into a diverse range of infrastructure projects, demonstrating its commitment to sustainable investing.
GLIL Infrastructure's adoption of the Net Zero Investment Framework signals a significant step towards achieving its climate goals. With £3bn already invested in renewable energy and other sustainable infrastructure assets, the partnership is well on its way to reaching net zero by 2050.
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