Dai-ichi to invest $50m in IFM net-zero infrastructure fund

Written by Dan McGrath

14/07/2023

The Dai-ichi Life Insurance Company has announced it has decided to invest approximately $50m (JPY 7bn) in the IFM net-zero infrastructure fund, managed by IFM Investors, which aims to accelerate the world’s transition to net-zero.

The fund is aiming its sights at the green and brown fields of infrastructure sectors as their investment targets, which include renewable energy generation facilities, efficient electricity grid and carbon dioxide capture and storage facilities in OECD countries including the Asia-Pacific region.

The fund aims to accelerate the world’s transition to net-zero in countries through the construction of these types of infrastructure, which will be in compliance with article nine of the Sustainable Finance Disclosure Regulation (SFDR).

Furthermore, IFM has extensive experience and a track record for investment in infrastructure assets, and is expected to provide stable sourcing.

Dai-ichi has said that it believes this investment, including its economic impact, will contribute to a wide range of sustainable development goals, which include reducing greenhouse gas emissions, building sustainable cities and promoting renewable energy and low-carbon alternative fuels.

The company, as a “responsible institutional investor” will continue to actively engage in ESG investments and loan to support a sustainable society as well as improving its investment return through a range of investment methods.

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