MORRISON

We were delighted to sponsor the Infrastructure Investor Australia forum in Melbourne this week, with two members of the Morrison team sharing insights on the day. Will McIndoe, Executive Director, spoke about renewables platforms as an investing strategy. He discussed Morrison's deep history in investing on behalf of our clients through renewables platforms globally, with our first investment made in the 1990s.   He shared how we have created local developer led platforms across key global markets whilst also mentioning the benefits of building a diversified global operating asset platform. He highlighted the importance of diversification of investments, including across technologies and regions.   Nicole Patterson, Investment Director, was on a panel discussing why the future of infrastructure investing is digital and the impact of the high-growth digital sector on global energy consumption.   Nicole said, “it is widely recognised that data centre capacity is forecast to grow from 7GW in 2023 to 82GW in 2028, with data centre power demand moving from about 1.5% of the total global power demand in 2023 to 7% by 2035". She said this will require a significant investment in grid infrastructure and the supply of renewable energy. She shared that while hyperscale and co-location data centres consume a huge amount of energy, if the same amount of data was housed on premises, 67% more energy would be required.   Nicole noted the importance of working with management teams that have a strong record of delivery and are proactive in their contracting of energy so that it doesn’t become a constraint to growth. Our team on the ground, including Sarah Driscoll, CFA and Susannah Bourke, look forward to continuing the conversation with attendees.    #EnergyTransition #DigitalInfrastructure #ideasthatmatter 

We were delighted to sponsor the ASK2024 Global Conference hosted by The Korea Economic Daily that took place in Seoul on 16-17 October, and the opportunity to connect with Korea’s leading investors throughout the event. Our CIO, William Smales, presented on the Convergence of Digitisation, AI and Decarbonisation. Will discussed how the tremendous pace of the digital buildout presents real risks to the energy transition, placing pressure on prices for renewable power and increasing the burden on ageing grids. “AI is driving enormous growth for data centres and is set to give electric utilities the biggest demand jump in a generation. This surging power demand is on a collision course with climate goals. While the tech sector has been leading efforts to decarbonise (as one of the largest purchasers of green power), their growth ambitions could be prioritised over their climate ambitions”, he said. Will went on to highlight that the investment opportunities in digital infrastructure and the energy transition are significant but it is a complex area to navigate and that relationships, track record and sector expertise are all critical to navigating the challenges in both digital infrastructure and the energy transition. We were thrilled to share our insights on this topic on the day and look forward to sharing many more with both our existing and new connections. #investingwisely #ideasthatmatter

We are proud to be a sponsor of the Infrastructure Investor Australia Forum taking place in Melbourne next Tuesday, 22 October. This event promises to be a fantastic opportunity to engage with industry leaders and investors on the latest trends in infrastructure. Members of the Morrison team will be sharing insights on various panels during the event, including Will McIndoe, Executive Director, on renewables platforms, and Nicole Patterson, Investment Director, discussing digital infrastructure investment. Plus Sarah Driscoll, CFA and Susannah Bourke will be on hand to connect with investors. The Morrison team looks forward to many insightful conversations and networking opportunities with attendees. #investingwisely #EnergyTransition #DigitalInfrastructure

We’re pleased to share that Morrison has been recognised as a Responsible Investment Leader 2024 by the Responsible Investment Association Australasia (RIAA), in the upcoming Responsible Investment Benchmark Report. Morrison is placed in the top 20% of organisations assessed, demonstrating leading practice in our commitment to responsible investing; our explicit consideration of environmental, social and governance factors in investment decision making; our strong and collaborative stewardship; and our transparency in reporting activity, including the societal and environmental outcomes being achieved. Learn more here: https://lnkd.in/gV-AXHFR #investingwisely #ideasthatmatter

Our CEO Paul Newfield and the New Zealand Prime Minister Christopher Luxon will be jointly hosting an investment roundtable in South Korea this week. Paul is travelling with the Prime Minister’s senior business delegation on the South Korean leg of the mission, which is focused on reinvigorating political relationships and improving investment flow between the two countries. Paul said, “We’re actively expanding our presence in Asia and are excited to make a long-term and sustainable contribution to South Korea’s significant plans to invest in infrastructure and renewable energy. Trade delegations provide an excellent opportunity to share the Morrison story and build business connections in a market with many billions of dollars of investment potential.” This is the third Prime Ministerial business delegation Paul has joined this year, having been part of the recent visits to Japan in June, and Singapore, Thailand and the Philippines in April. Our thanks to the New Zealand Trade and Enterprise team for managing the mission.   For further details visit: https://lnkd.in/gnDkA84y   #NZPMKoreaMission2024 #ideasthatmatter

Last week, we visited the Sydney Desalination Plant Pty Limited in Kurnell, where we were hosted by Philip Narezzi, CEO, and the management team. The team shared an update on their business, including ESG initiatives, and how the plant fits into the Greater Sydney Water Strategy which charts the path to delivering sustainable and resilient water services in the decades ahead. Afterwards we donned our hard hats and hi-vis gear, touring the plant to learn about seawater screening and pre-treatment filtration, reverse osmosis (removing the salt) and post-treatment processes that help deliver high-quality drinking water to the suburbs of eastern and southern Sydney. Sydney Desalination Plant is Sydney’s only major non-rainfall dependent source of drinking water and operates continuously to produce up to 15 per cent of the city’s drinking water needs. The plant was originally constructed with expansion in mind, with a view to doubling the plant’s current capacity. Major infrastructure such as the seawater tunnels, inlet structure and delivery pipeline have already been constructed and planning approvals are in place. A big thank you to Phil and the team for a very insightful visit. #investingwisely #ideasthatmatter

We are delighted to share Morrison has been named in The Australian best places to work 2024. Morrison ranked in the top 10, medium sized companies’ category.    The award recognises Morrison is a special place to work. It also recognises the impact of the work we’ve done on our values; we think for the future, we work as whānau, we deliver the extraordinary.   At Morrison we know that our people and our culture set us apart from the rest. Since our inception we have fostered a workplace where everyone feels value and respected. 

As we celebrate 30 years of managing Infratil, Madison Reidy of the NZ Herald, takes a deep dive into Morrison’s long history as an infrastructure investor. Former CEO, Marko Bogoievski shares insights into the team’s approach to driving opportunity and how curiosity informs so much of what we do. He talks about taking the mantle from our founder, Lloyd Morrison, as CEO and carrying on his mandate of building high conviction in a sector through our own independent top-down research, identifying the best access points, and then doubling down to build successful investments. Our Chair, Rob Morrison, reflects on preserving Lloyd’s legacy and shares why he believes Infratil remains a growth story. He also reflects on Morrison’s successful growth into a global business while maintaining the values and culture that we believe are our competitive advantage. As Rob says, “We’ve barely started, there’s so much more to come”. Watch the episode on YouTube: https://lnkd.in/gGAaUgbV #investingwisely #ideasthatmatter

We're delighted to announce MORRISON's CEO, Paul Newfield, was named the winner of the 2024 New Zealand leadership awards in the Large Business category at a gala held in Auckland last night.   The awards are billed as celebrating individuals who have made an indelible impact within their organisations, driving growth and change.   Paul admits being slightly unprepared for his acceptance speech given the caliber of the competition. He was nominated alongside the CEO's of New Zealand's largest bank and supermarket chain as well as the CEO of an energy company.   However, we've been told his speech was outstanding.   Paul told the audience, he has the most incredible job - for two main reasons: 1. He and the team invest with a focus on solving some of the biggest challenges facing society, industry and the economy 2. He goes to work with people he calls his friends - smart people with a deep respect for each other who aren't afraid of a debate to get to get to the truth of an idea.   He went on to thank the Morrison team, our investors, his family…. And of course his Mum, who was alongside him for the night.   Paul joined Morrison in 2008, becoming the Chief Investment Officer in 2016 and then the CEO at the beginning of 2022. He is the driving force behind our global investment strategy and has integrated sustainable investment into Morrison's investment philosophy. Under his leadership, Morrison has refreshed its leadership structure and global brand, modernising the company's culture and value proposition.   The awards' judges said, "Paul has firmly anchored the company in a compelling ‘Born from New Zealand’ philosophy maintaining a strong presence here whilst becoming a truly global player - a difficult balancing act which Paul appears to have achieved.   "Having a clear motivation to invest in ideas that matter has led to an investment portfolio which is tightly focused and provides purpose and meaning to the Morrison team. A significant focus on the renewable energy sector has led to the company being involved in a number of cutting edge developments which will have a meaningful impact on the markets in which they operate.    "He has achieved a period of significant global growth by taking a careful, measured, and differentiated approach to chosen sectors in each market. For a NZ company to have achieved such a large investment portfolio is very impressive and of significant economic benefit to this country.    "Paul is setting the company up for further global growth as the mission to be the best global infrastructure investor takes shape, underpinned by a global partnership model with the Kiwi spirit at its core." Congratulations, Paul!

MORRISON is very proud, Paul Newfield, is a finalist in the Robert Walters New Zealand Leadership Awards, Large Business category.   Paul started with Morrison in 2008, becoming the Chief Investment Officer in 2016, then the firm's third Chief Executive at the start of 2022. He is the driving force behind our global investment strategy and has integrated sustainable investment into Morrison's investment philosophy. Under his leadership, Morrison has refreshed its leadership structure and global brand, enhancing the company's culture and value proposition.   Morrison Partner and Head of Legal, Kellee Clark, says Paul's leadership style is a unique mix of insight, passion, and curiosity. "He is exceptionally smart but also incredibly humble, collaborative and caring."   Morrison Partner and CEO of Infratil, Jason Boyes, says Paul has a long-term and relationship driven perspective on the world. "He fosters an inclusive and high-performing culture where we are encouraged to debate hard issues in the knowledge that even the most robust discussions are underpinned by mutual respect."   Paul will be joined by his Mum at the Awards Gala tonight and took a fair amount of convincing to let us make this post, further evidence of a style that sets him apart.