- Uncertain macroeconomic backdrop, shares traded at a significant discount to NAV
- Increased discount rates reflecting increased long-term government bond yields
- Lower than forecast inflation in the second half of the year
- Increased lifecycle costs in the UK PPP sector
- Heightened political and regulatory scrutiny of the water sector
- Acceleration of PPP projects returning to public control
- High interest rate environment limiting opportunities to raise new equity capital
- Potential for downward pressure on cash generation and dividend cover if inflation falls faster than projected
- Construction-related defects requiring remediation works
- Adverse behaviour from public sector clients
HICL Infrastructure plc
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, HICL Infrastructure plc disclosed greenhouse gas emissions of 89.7K tCO2e. By scope: Scope 3: 89.7K tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
89.7K tCO2e
2024
📊 Emissions by Scope (2024)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 89.7K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2024 | 89.7K tCO2e |
| 2023-04-01 to 2024-03-31 | 89.6K tCO2e |
| 2022 | 63.8K tCO2e (attributable 2019) |
| 2021 | 20.6K tCO2e (Scope 3) |
| 2020 | 25.5K tCO2e (Scope 3) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 20% leakage reduction by 2025 (Affinity Water)
- 100% of the portfolio covered in newly published emissions data
- 7% reduction in electricity consumption and 4% reduction in carbon emissions at Cross London Trains
🎯 Climate & Sustainability Targets
🔜 Short-term
- 20% leakage reduction by 2025 (Affinity Water)
- 100% of portfolio companies with material water and consumption to have reduction initiatives in place by 2025
📅 Medium-term
- 50% of HICL’s portfolio to be net zero, aligned to net zero, or aligning to net zero by 2030
- 90% of all portfolio company emissions to be subject to direct or collective engagement and stewardship actions by 2030
🔭 Long-term
- Achieve a carbon-neutral portfolio by 2050
🌱 ESG Focus Areas
EnvironmentCommunitiesPeopleGovernance