GIIA Members’ Assets Exceeds $750bn

The 2020 edition of the GIIA / EY Global Asset Database reveals that GIIA members assets under management has exceeded US$780bn – comprising more than 1,500 assets across 55 countries.

This is an increase of more than £120bn since 2018/19.

The GIIA / EY Global Asset Database shows that GIIA members own, operate and invest in:

  • More than 100 airports serving more than 1 billion passengers annually
  • Utility companies serving 86.3 million customers
  • 321 ports moving more than 500m tonnes of cargo
  • 56,100MW of wind power, 18,600MW of solar power and 12,400MW of hydro power and biomass

CLICK HERE TO VIEW THE 2019/20 GIIA / EY GLOBAL ASSET DATABASE FACTSHEET

Speaking on the release of the GIIA / EY Global Asset Database CEO Lawrence Slade said the results showed the value of private investment in infrastructure.

“At a time when Government balance sheets are under enormous pressure, the private sector has the available capital, experience and innovative ideas to deliver the environmental and socially responsible infrastructure needed for future generations.”

GIIA’s global membership has also continued to increase in 2019/20 with the addition of members from across traditional markets as well as Japan and India.

 

GIIA is grateful to EY for their support in putting together this information.

 

Infrastructure investors and advisors gather for GIIA Annual Seminar

The 3rd GIIA Annual Seminar, sponsored by Ashurst, KPMG and Marsh, was held on Tuesday 18th February in London and focused on the emerging opportunities and risks for infrastructure investors in the UK and Europe under the theme ‘The Fog is Lifting.’

Simon Jack, the BBC News Business Editor, launched the afternoon seminar with his keynote address which touched on broad themes including Brexit, net zero carbon targets and the need for big business to improve its image. Highlighting the lingering uncertainty over Brexit, he predicted that fog would not truly lift until the end of the UK transition period at the end of 2020 – and a potential ‘Australian style’ no-deal Brexit.

Following on, James Stewart, Global Head of Infrastructure Practice at KPMG, chaired a panel on the topic of ‘Opportunities for infrastructure investors post-Brexit.’ Joining him on the panel were Ed Clarke, Co-Founder & Managing Director, Infracapital, Steven Pugh, Principal, Hermes, and Simon Jack, Editor, BBC Business. In a wide ranging discussion, the panel considered how underlying public discontent with aspects of the infrastructure sector, the ongoing uncertainty over Brexit and more aggressive regulation in the utility sector had combined to create a less attractive investment environment in the UK in recent years. The panel agreed that whilst the threat of nationalisation had receded in the short term, there remained an important task for the sector to earn its social licence to operate.

Blair Chalmers, Director at Marsh & McLennan Advantage Insights, then took to the stage to launch a new interactive online tool for infrastructure investors, developed in association with GIIA, which outlines the complex landscape of interconnected global risks facing the infrastructure sector. He also outlined how shareholder expectations are changing in response to the climate challenge and how investors need to develop profit-sustainability synergies.

Kay Swinburne, former MEP and current Vice Chair of Financial Services at KPMG, moderated an all-female panel titled ‘Unpacking the EU Green Deal: What does it mean for infrastructure investors.’ The panel, comprised of Anna-Marie Slot, Global Sustainability Partner, Ashurst; Anna Davreux, Senior Vice President of Financial Services at FleishmanHillard, and Elena Giannakopoulou, Vice President of Strategy & Partnerships at John Laing Group, discussed the politics driving the EU Green Deal and how those policies could be influenced by investors through increased engagement and consultations.

The seminar concluded with a fireside chat between Jonathan Oxley, the CEO of UK Regulators Network, and Michael Burns, a Partner at Ashurst. In an intriguing discussion, Oxley discussed the importance of independent regulation, and the need to the rebuild trust between the regulators, investors and the customer. The discussion focussed on the need to make the UK an attractive place to invest but also the need for asset owners to meet society’s requirements on responsible stewardship.