Background Developing and applying targets Implementing the Net Zero Investment

development of the Infrastructure Component In late 2020, we set the foundations of our net zero of the Net Zero Investment Framework as part of infrastructure: journey by announcing our net zero commitment. [...] the IIGCC-led Infrastructure Working Group, we As the world’s largest infrastructure manager2, we have adopted the framework for our infrastructure Macquarie Asset set the goal to invest and manage our Real Assets portfolio. [...] Asset Per cent of in-scope portfolio alignment holdings by AUM aligned or aligning Disclosure: Disclosure of scope 1 and 2 emissions, metric with net zero (Scope 1 and 2 and disclosure of material scope 3, in line with emissions only) per the specified regulatory requirements where applicable or the methodology. [...] To support the achievement of the asset alignment target, we are focused on working closely with Ongoing improvement the management and boards of our portfolio companies to develop net zero business plans, and then seek to ensure their plans are firmly embedded Since we made our net zero commitment in within their organisations and supported by the December 2020, we have continued to challenge rig. [...] In recognition of this, we Providing guidance and tools to help portfolio are focused on implementing the asset alignment companies understand the fundamentals of net target and will seek to contribute to the IIGCC zero, how to set targets to meet our expectations, and its working groups in further developing the and to deliver against these expectations; framework and associated guidance.