IFM Investors

IFM Investors (IFM) is an Australian-based investment firm with $147 billion in AUM and collectively owned by 17 Australian pension funds, responsible for the retirement savings of more than 120 million people.

As of late July 2024, 80 percent of the companies found in the firm’s energy portfolio have investments in fossil fuels.

The firm actively supports managing climate-related risks through its Sustainable Business Report, and they have a 40 percent emissions reduction target by 2050 compared to 2019 levels. Part of this commitment includes restricting new investments in thermal coal and targeting zero coal exposure by 2030. Although this research did not find exposure to coal or upstream drilling in IFM’s portfolio, they are exposed to, and responsible for emissions from, the various LNG investments that the company has made. This includes IFM’s investment in Freeport LNG, which is notorious for being out of commission regularly since an explosion at the plant in 2022 for which a consultant found Freeport LNG was at fault. An investigation by the Pipeline and Hazardous Materials Safety Administration found several causes for the explosion, including issues with safety and operating procedures. Recently, Hurricane Beryl forced the facility to cancel at least 10 cargoes as hurricane-related disruptions were felt throughout the region.

Read the Full Report and View 2024 Scorecard

IFM meets a relatively high amount of the demands compared to its peers, but the firm’s continued commitment to the carbon-intensive LNG industry has earned the firm a C on the Climate Risks Scorecard.