As part of COP26 Finance Day, the UK government’s MOBILIST programme has taken an in-principle decision to invest up to £25 million in the ThomasLloyd Energy Impact Trust PLC, at the time of IPO (subject to completion of diligence)
- If we are serious about a Net Zero world by 2050, we need to align the interests of private investors and the infrastructure needs across emerging markets.
- The MOBILIST initiative is aimed at driving private capital into listed sustainable infrastructure investments in developing countries.
- The deployment of capital in sustainable energy infrastructure in high growth and emerging markets in Asia will have the most impact on areas such as climate change mitigation.
London/Zürich, 4 November 2021 – ThomasLloyd Group (“ThomasLloyd”), a leading impact investor and provider of climate financing, is a finalist in the UK Government’s Foreign Commonwealth and Development Office (FCDO) Mobilising Institutional Capital Through Listed Product Structures (MOBILIST) competition. The ThomasLloyd offering represents the first ever emerging markets renewable energy product to list on the London Stock Exchange, investing exclusively in a diversified portfolio of unlisted sustainable energy infrastructure assets in fast-growing and emerging economies in South and South East Asia.
THE FCDO has confirmed ThomasLloyd as a finalist in the competition and subject to the completion of diligence, the FCDO has taken an in-principle decision to invest up to £25 million in the newly incorporated closed-ended investment trust, ThomasLloyd Energy Impact Trust PLC (the “Trust”), on its proposed premium listed Initial Public Offering on the London Stock Exchange.
The MOBILIST Infrastructure Competition is a UK government initiative to engage financial institutions in a search for the best sustainable infrastructure proposals that could list either on the London Stock Exchange or local exchanges.
Emerging markets and developing countries continue to face significant shortfalls in their private (and sovereign or public) sector financing needs to around US$2.5 trillion a year. Low and low middle-income countries need US$1.4 trillion of this. As part of the UK Government’s efforts to bridge this gap, MOBILIST is the UK government’s flagship programme to mobilise large scale investment through publicly listed markets and represents a long-term commitment by the UK to securing new sources of investment at scale, to finance global development for decades ahead.
ThomasLloyd has a demonstrable and successful track-record of investing in sustainable energy infrastructure in high growth and emerging markets in Asia. With over a decade of proven hands-on experience, ThomasLloyd has deployed over US$1 billion across 16 projects in renewable energy power generation, transmission and sustainable fuel production with a total capacity in excess of 700 MW making the firm one of the longest-established and most experienced and therefore a natural fit for the FCDO’s initiative and a strong potential partner to support the UK government’s climate and investment agenda.
Since 2013, ThomasLloyd has been measuring and reporting on the impact of their investments, creating an empirical database showing the positive impact of our investments in sustainable energy infrastructure in Asia. This includes metrics such as employment data, gender ratio, health and safety data, CO2 offset, greenhouse gas emissions and details on water usage.
Michael Sieg, Chief Executive Officer at ThomasLloyd Group, said:
“We are very proud of the FCDO’s in-principle decision to invest up to GBP25 million as part of the MOBILIST programme and to play a part in the UK government’s strategy to catalyse the financing of long term sustainable infrastructure projects in emerging markets and developing countries.
“At ThomasLloyd, we have invested exclusively for more than a decade in sustainable real assets in high growth and emerging markets in Asia, where capital creates the greatest impact. ThomasLloyd has always pursued a ‘triple return’ investment approach that seeks to achieve results environmentally, socially and financially. Being a MOBILIST finalist and FCDO’s in-principle decision to invest could not be more timely during COP26.”
Tony Coveney, Head of Infrastructure Asset Management at ThomasLloyd Group, added:
“In the context of COP Finance Day, the international community along with asset owners, wealth managers and institutional investors also need to make good on their commitment to mobilise US$100 billion of climate finance annually if developing countries are to be supported in their respective net zero pathways. With its fast-growing economy and rapid population growth, Asia is the world’s largest and fastest growing consumer of energy and the largest emitter of CO2. At ThomasLloyd, our investment activities contribute directly to the reduction of carbon emission and the acceleration of the transition to renewable and clean forms of energy. We now need to work together to mobilise large scale institutional investment in Asia at pace.
“We would like to acknowledge the UK government for their global leadership on this critical challenge that impacts us all. We would also like to thank all of the MOBILIST Infrastructure Competition team. We look forward to working with them through these final stages of the MOBILIST Competition. We are excited to bring the ThomasLloyd Energy Impact Trust PLC to the listed market.”
ThomasLloyd is signatory to the UN Principles for Responsible Investments (UN PRI), supports various initiatives for sustainable investment such as the United Nations Environment Programme (UNEP), United Nations Global Compact, the Global Impact Investment Network (GIIN) and the Climate-Related Financial Disclosures Task Force (TCFD), the French Social Investment Forum (Forum pour l’lnvestissement responsable) and the Swiss Sustainable Finance network.
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About ThomasLloyd Group
ThomasLloyd is a global investment and advisory firm dedicated to leading the necessary process for social and environmental change, focusing exclusively on the financing, construction and operation of sustainable projects in the infrastructure, agriculture and property sectors. The range of services comprises products and services through the entire value chain of these sectors. In addition to the structuring, placement and management of impact investing solutions, they include consulting and financing of projects and companies, as well as digital financial services, particularly in investment brokerage, investment advisory and asset management. Founded in 2003 and headquartered in Zurich, ThomasLloyd is one of the world’s leading impact investors and providers of climate financing. ThomasLloyd is a signatory to the United Nations-supported Principles of Responsible Investment. As at 30 June 2021, ThomasLloyd had raised €1.3 billion in aggregate capital.