We develop a methodology to estimate the carbon footprint of thousands of airport infrastructures around the world and test for the existence of a relationship between carbon emissions and realised or expected returns in the private airport investment sector.
Physical Risks & the Cost of Capital of Infrastructure Investments: Flood damage factor estimation and bond yields in U.S. airports
In this paper, we develop a methodology to calculate the potential damage associated with different types of physical risks at the asset level, and conduct a practical implementation for flood damages in the airport sector in the United States.
Does the rise of renewable energy create new risks for investors? Insights from 20 years of energy transition in the UK
We examine the impact on the risk profile of wind and solar power investments of the increasing dominance of renewables in the energy mix of a given country, using the case of the UK whose economy has made a rapid transition to renewables and away from coal.
Do financial investors need non-financial data?: Investor Survey
In this infrastructure ESG survey, we asked a large sample of investors in infrastructure why they need to have access to ESG data i.e., non-financial data, for the assets they hold or want to hold, examining three main questions.
Towards a Scientific Approach to ESG for Infrastructure Investors
We explore the role of ESG issues in an investment context, namely how institutional investors should incorporate ESG elements into the financial management of their portfolios. A growing number of investors are pursuing ESG objectives to directly improve environmental and social outcomes.