商品簡介
By 2070, the toll roads, transmission lines, and water systems being financed today will still be in service, operating under a climate, a regulatory regime, and a set of community expectations no one can fully predict yet. That long horizon is exactly why environmental, social, and governance considerations have moved from the margins of infrastructure investing to its center, and why understanding them is no longer optional for anyone who allocates capital to this asset class. ESG and the New Infrastructure is a clear-eyed, evidence-based guide to how climate risk, capital flows, and governance scrutiny are reshaping infrastructure investing in real time. Drawing on research, rating agency reports, and industry data current through mid-2026, it traces the shift from voluntary pledges to hard-nosed underwriting discipline: insurers repricing physical risk, regulators mandating disclosure, and asset owners discovering that resilience and governance quality show up directly in cash flows and exit values, even as the ESG label itself has become politically contested. Organized in four parts, the book moves from foundations to practice. It defines what ESG actually means for infrastructure assets and why physical climate risk has become a balance-sheet issue; follows the capital into the energy transition, digital infrastructure's power demands, water and circular-economy assets, transportation, and social infrastructure; examines governance, measurement frameworks like GRESB and the ISSB standards, and what the evidence shows about risk-adjusted returns; and closes with case studies, a practical portfolio-building playbook, and an outlook through 2030. Written for pension trustees, insurance company investment committees, sovereign wealth fund analysts, infrastructure fund managers, lenders, and their advisors, this is a working reference rather than a manifesto: useful, specific, and built to help readers separate genuine risk management discipline from marketing.
