In its latest December issue, Leo magazine, a publication focused on the Luxembourg financial center, reports on capital markets and how the sector, emerging from the crisis, is coming together to finance the recovery and prepare for the future.
With a dedicated series on “Financing a Sustainable Future”, the magazine concentrates on companies that are making a difference by putting ESG funds at the forefront. On this occasion, ThomasLloyd Group’s Sustainable Infrastructure Income Fund, one of the world’s first fully regulated open-ended public infrastructure fund, was selected for an in-depth coverage.
Anthony M. Coveney, the Group’s Managing Director, Head of Infrastructure Asset Management, and CEO of Americas underlines ThomasLloyd’s history and prominent role within the sustainable investment universe as well as its dedication towards renewable energy and sustainable real assets.
Zurich, 19. November 2020. As a signatory of the UN Principles for Responsible Investment (UN PRI), ThomasLloyd’s investment activities were once again assessed by UN PRI. The assessment covers two categories, “Strategy & Governance” and the investment focus, “Infrastructure”, which are compared with the rest of the industry. The assessment of the world´s leading independent proponent for responsible investing is once again excellent: we received 30 out of 30 points, resulting in the top mark of A+ for the infrastructure sector (on a declining scale from A+, A, B, C, D, E), and 27 out of a possible 30 points in the category, “Strategy & Governance”, which corresponds to an A. For further details please see the full report. The specific aims and the methodology of the regular assessment are described here.
As the number of Covid-19 cases is rising sharply on the island of Negros, Philippines, the ThomasLloyd Group and its partner BioPower have been quick to respond and support the local population.
The two partners, with the support of donors from St. Scholastica’s Bacolod Alumnae and Negrense Volunteers for Change Foundations, donated an Emerging Infectious Disease (EID) facility to the Bacolod City Regional Hospital.
The air-conditioned facility can accommodate 22 extra patients, equipment, and medical worker facilities. The medical unit was built under the direction of doctors and is adjacent to the regional hospital to augment the original bed capacity and facilitate patient management and work of the nursing staff.
The facility was inaugurated and handed over to the staff of Corazon Locsin Montelibano Memorial Regional Hospital in ceremony – respecting social distancing measures – in the presence of representatives of BioPower, on behalf of ThomasLloyd and the partner foundations. Mike Airey, ThomasLloyd Group Managing Director and CEO Asia Pacific said: “We support all efforts made to alleviate the effects of the pandemic, especially with our local partners and the people of Negros Occidental. Together, we remain steadfast in facing this challenge.”
This initiative comes in addition to various actions carried out by the ThomasLloyd group and its partner BioPower in the fight against Covid-19 on the Negros Island. Earlier this year, the two companies donated two mobile swabbing units and medical equipment to the province and city of Bacolod.
ThomasLloyd and its investments solutions won the “Award for very good management reports” from the jury of EXXECNEWS. In its statement the well-known media outlet for managers in the financial services sector said:
“In the opinion of the EXXECNEWS jury, the management reports 2018/2019 from ThomasLloyd Global Asset Management GmbH are a great success, describing in detail the internal investment structure and the markets in which the individual investments were made. It therefore meets the standards for disclosure and transparency.” This award is the latest in a long line of accolades that ThomasLloyd has received, not least for the transparency of its reporting in recent years. Matthias Klein, Managing Director and CEO Europe at ThomasLloyd, said: “We have always had a particularly active and transparent information policy concerning our markets, projects, results and developments within our company. But now in particular, when the global operating environment is changing ever faster, our continuous, detailed reporting becomes even more important. So of course we are delighted to receive this award again.”
In a turnover ceremony, Governor Bong Lacson received the mobile swabbing unit donated by BioPower and ThomasLloyd in the fight against Covid-19. The swab mobile aims to protect medical workers and enhance response time of swab testing.
In its Sunday edition, the Neue Zuercher Zeitung (NZZ) reported on the continuously growing volume of sustainable investments, but at the same time it addressed the lack of transparency in this area.
Under the title “When only the paint is green”, the leading Swiss daily newspaper described how some investment funds were wrongly deceiving their eco-label and misleading their investors with untenable promises. In view of the lack of international standards, it is almost impossible for private investors to make a well-founded judgement on the quality of sustainable investments without external expert advice.
Michael Sieg, Chairman and CEO of the ThomasLloyd Group, describes the negative consequences of so-called greenwashing in this context: “If trust in sustainable financial products is lost, this not only harms the financial industry, but also makes it impossible to achieve the climate targets that we as a society have set ourselves.
In yesterday’s issue, the Frankfurter Allgemeine Zeitung reported on the growing demand for “green business” and companies that focus on environmental protection and social responsibility, on ecological cultivation and local suppliers. Under the title “Finally out of the eco-niche?”, Germany’s leading daily newspaper describes the progress that has been made in a wide range of industries.
In this context, it also reports on the ThomasLloyd Group, which invests exclusively in sustainable infrastructure projects, mostly in emerging markets, where social aspects are particularly important. Chairman and CEO Michael Sieg predicts that sustainable financial products will continue to offer good returns in the future: “Private and institutional providers are increasingly weighting them.”
In its current issue, FINANZ und WIRTSCHAFT reports on the rethinking of society and investors as a result of the negative effects of climate change. In a guest article entitled “Investing where the impact is greatest”, Michael Sieg, Chairman and Group CEO at ThomasLloyd, describes how private and institutional investors are increasingly coming to realise that the public sector is not in a position to bear the costs of climate protection investments on its own. This is particularly true for infrastructure investments in emerging markets.
In this context, the growing need for infrastructure investments in the emerging economies of Asia is described. Against the background of strong population growth and increasing urbanization, this creates attractive investment opportunities for sustainably and yield-oriented investors. While institutional investors have been involved as capital providers in the sustainable infrastructure sector for years, private investors are now also catching up strongly. They know that their capital generates the greatest climate impact in the emerging and developing countries.
ThomasLloyd has raised € 339 million from clients through its sustainable investment solutions in the 2019 financial year, representing a considerable year-on-year (2018: € 209 million) increase of no less than 63 per cent. The money acquired from clients came to the company primarily from its core European markets.