TIDMTLEI TIDMTLEP
RNS Number : 1423J
ThomasLloyd Energy Impact Trust PLC
09 December 2022
LEI: 254900V23329JCBR9G82
9 December 2022
ThomasLloyd Energy Impact Trust plc
Investment Manager strengthens its asset management and impact
teams with senior appointments
ThomasLloyd Energy Impact Trust plc (the "Company"), the
renewable energy investment trust providing direct access to
sustainable energy infrastructure in fast-growing and emerging
economies in Asia, is pleased to announce the following changes and
senior appointments at its investment manager. ThomasLloyd Global
Asset Management (Americas) LLC (the "Investment Manager") is a
wholly-owned subsidiary of ThomasLloyd Group Ltd
("ThomasLloyd").
Chief Investment Officer - As part of the ongoing commitment to
broaden the investment management team, ThomasLloyd has recently
agreed the appointment of a Chief Investment Officer. The appointee
is expected to take up the role in May 2023, following the
conclusion of their current employment obligations with a major UK
investment firm. They will bring over 25 years of sustainable
infrastructure investment and corporate finance experience. The
appointee has deep experience of real asset investments and active
asset management, including in developing and emerging Asian
markets, which will provide additional support to the Company's
investment portfolio as it continues to diversify into new
geographies and new renewable technologies. The Board will make a
further announcement on the identity of the appointee closer to
their start with ThomasLloyd.
Head of Impact and ESG - In October 2022, ThomasLloyd recruited
former Asia Development Bank ("ADB") Principal Results Management
specialist, Smita Nakhooda as Head of Impact and ESG. In this role,
Smita is responsible for further enhancing the Investment Manager's
impact investment framework, evolving its policies and practices in
line with industry best practice and the global sustainability
agenda and ensuring the firm remains at the forefront of impact
investing. Prior to joining ThomasLloyd, Smita was based in the
Philippines and was responsible for leading the integration of the
UN's Sustainable Development goals into the ADB's policies and key
performance indicators. As an international expert on sustainable
finance and climate change, Smita brings nearly two decades of
experience on environmental sustainability, social inclusion and
robust governance practices, particularly in emerging markets.
Independent Non-Executive Chair of ThomasLloyd - In July 2022,
ThomasLloyd appointed Mike Craston to its Board of Directors as an
independent Non-Executive Chair. Mike's appointment brings an
independent perspective to the ThomasLloyd Board decision making
process, providing constructive challenge to the senior executive
team as well as demonstrating ongoing commitment to the highest
standards of corporate governance. Mike has a long and
distinguished career in the investment industry, being appointed a
Chair of the Board of Aviva Investors, Railpen and London CIV and,
prior to that, Mike was a member of the Aviva Investors Global
Executive Committee where he led the client solutions functions and
previously held a number of roles at Legal & General Investment
Management, including that of CEO America and Asia.
Promotions and structural changes within the Investment Team -
To support the continued accelerated growth trajectory of
ThomasLloyd and the expanding investment portfolio of the Company,
the department responsible for the sourcing, acquisition, project
finance and disposal of infrastructure investments will be led by
Nandita Sahgal-Tully, who has assumed the role of Head of M&A
and Project Finance. Additionally, after more than 15 years of
service with the Investment Manager, Tony Coveney, Head of
Infrastructure Asset Management and a member of the Infrastructure
Investment Committee, will be retiring in August 2023.
Michael Sieg, Chair of the ThomasLloyd Investment Committee,
commented:
"These new appointments bring a range of leadership and
technical skills to ThomasLloyd, combining strong and relevant
experience in our core and target markets, which will strengthen
the team and further develop our business. As a whole, this team
will support us in our continued growth to deliver an attractive
and distinctive investment proposition for the Company's
shareholders and, most importantly, to continue to deliver impact
where it is most needed. I would also like to take this opportunity
to thank Tony for his many years of service. It has been a
privilege to have worked with him in developing the investment
strategy for TLEI as it is today."
For further information, please contact:
ThomasLloyd Group (Investment Manager)
Andreas Schmitzer (Investment Products Tel: +41 44 213 67 67
& Services)
Nandita Saghal-Tully (Infrastructure
Investment Team)
Shore Capital (Joint Corporate Broker) Tel: +44 (0)20 7408 4050
Robert Finlay / Rose Ramsden (Corporate)
Adam Gill / Matthew Kinkead / William
Sanderson (Sales)
Fiona Conroy (Corporate Broking)
Peel Hunt LLP (Joint Corporate Broker) Tel: +44 (0)20 7418 8900
Luke Simpson / Huw Jeremy (Investment
Banking Division)
Camarco Tel: +44 (0)20 3757 4982
Louise Dolan thomaslloyd@camarco.co.uk
Eddie Livingstone-Learmonth
Phoebe Pugh
About ThomasLloyd Energy Impact Trust plc
ThomasLloyd Energy Impact Trust plc listed on the premium
segment of the London Stock Exchange in December 2021 and was
awarded the London Stock Exchange's Green Economy Mark upon
admission.
In 2021, ThomasLloyd Group Ltd ("ThomasLloyd" or the
"ThomasLloyd Group") participated in the Mobilising Institutional
Capital Through Listed Product Structures (MOBILIST) competition,
which engaged financial institutions in a search for the best
sustainable infrastructure proposals that can list either on the
London Stock Exchange or local exchanges. The ThomasLloyd Group was
the first fund manager to complete this process successfully and
received US$32.3 million in investment from the UK government into
the Company.
The Company has a 'Triple Return' investment objective which
consists of:
-- providing shareholders with attractive dividend growth and prospects
for long-term capital appreciation (the financial return);
-- protecting natural resources and the environment (the environmental
return); and
-- delivering economic and social progress, helping build resilient
communities and supporting purposeful activity (the social return).
The Company seeks to achieve its investment objective by
investing directly in a diversified portfolio of sustainable energy
infrastructure assets in the fast-growing and emerging economies in
Asia. The Company invests in unlisted sustainable energy
infrastructure assets in the areas of renewable energy generation,
transmission infrastructure, energy storage and sustainable fuel
production, including utilising different technologies to reduce
revenue variability.
The Company aims to generate additional value for its investors
through focusing its investments on construction-ready or
in-construction projects. The Company only invests in such
pre-operational assets where: (i) an offtake agreement has been
entered into; (ii) the land on which the project is situated is
identified or contractually secured where appropriate; and (iii)
all relevant permits have been granted. Offtake agreements will
typically benefit from long-term fixed-price power purchase
agreements, capacity contracts or other similar revenue contracts
with creditworthy (primarily investment grade) private and public
sector buyers.
TLEI classifies under Article 9 of the EU Sustainable Finance
Disclosure Regulation (SFDR) as a financial product that has
sustainable investment as its objective. As a fund that invests in
renewable energy infrastructure, TLEI substantially contributes to
climate mitigation under the EU Green Taxonomy.
Further information on the Company can be found on its website at http://www.tlenergyimpact.com .
About the Investment Manager
The Company's investment manager is ThomasLloyd Global Asset
Management (Americas) LLC, a wholly-owned subsidiary of ThomasLloyd
Group. Founded in 2003, ThomasLloyd is a leading impact investor
and provider of climate financing. ThomasLloyd is a pure play
impact investor and aims to apply a robust, socially and
environmentally responsible investment approach that is geared
towards reducing carbon emissions and improving economic prospects,
while reducing investment risk through diversification across
countries, sectors and technologies.
Over the last decade, ThomasLloyd has deployed over US$1 billion
across 16 projects in renewable energy generation, transmission and
sustainable fuel production with a total capacity in excess of 700
MW.
Since 2013, ThomasLloyd has been measuring and reporting on the
impact of its investments, creating an empirical database showing
the positive impact of its investments in sustainable energy
infrastructure in high growth and emerging markets in Asia.
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