Case Study: QIC
Investing in essential infrastructure while managing the environmental and social footprint to enable long term sustainable growth
The Port of Melbourne provides an essential service and delivers long term economic benefit to the Victorian community and Australian economy. The size of the land footprint, and the port’s impact on local communities, environment and its people mean managing its environmental, social and governance (ESG) risks is critical.
As the major investor in the port, QIC’s asset management team worked closely with the port’s team during the early stages of ownership to understand material ESG risks and opportunities and how they were managing them.
Shifting the culture to be more forward looking and proactive in managing these risks was our challenge.
How the team worked together
QIC’s approach to asset management is active, and collaborative engagement with the Port of Melbourne team through every stage of the process was key.
Hear from a team member
— Ana Bessonova, Associate, Global Infrastructure, QIC
- Total Recordable Injury Frequency Rate has decreased to 4.3 (TRIFR / rolling 12 months / 1,000,000 hours)
- There have been zero Port of Melbourne and Port of Melbourne contractor lost time injuries (LTIs) since acquisition
- We finalised the dredging program; the key carbon emissions reduction initiative which is expected to reduce emissions over the coming years
Number of employees:
Locations of offices:
Brisbane, Sydney, Melbourne, New York, Los Angeles, Cleveland, Fort Lauderdale, San Francisco, London and Copenhagen
Key areas of impact your fund focuses on:
Infrastructure, Real Estate, Liquid Strategies, Multi-Asset and Private Capital.
Graduate job title, salary range and role requirements:
Graduate role requirements:
- Have completed and graduated from their undergraduate degree or have graduated in the two years prior to the commencement of QIC’s graduate program.
- Be an Australian or New Zealand citizen or permanent resident, or have the unlimited rights to live and work in Australia.
- Have at least a 'credit' average