This was a Paris Alignment & Place Based Impact Investing Forum afternoon tea with Quinbrook Infrastructure Partners on decarbonising the UK power system by 2035.
The presentation focussed on three questions:
1. Given the burgeoning net-zero economy and the levelling up agenda, it is possible to achieve both at the same time
2. Are renewables and other comparable assets likely to be located in areas defined by the Government as being in ‘Category 1 and 2’ (most in need) from a levelling-up perspective?
3. Fundamentally trustees have to adhere to their fiduciary responsibility first and foremost so does referring to ‘local’ being the UK (per the LGPS Advisory Board) assist in driving the levelling-up agenda?
In October 2021, the UK Government made a landmark commitment to increase energy independence and fully decarbonise the UK power system by 2035, a target that will require total public and private investment of £280-400 billion in generation capacity, flexible assets and grid infrastructure. This number could yet increase further still given Boris Johnson’s commitment to double down on new wind power since the tragic events in Ukraine started unfolding.
Decarbonisation is arguably one of the most compelling investment themes for institutions, offering local job creation and regional economic benefit while also providing broader attributable, tangible and measurable ESG impact from real asset investments which aim to deliver long-term capital protection and value growth.
This was followed by a roundtable discussion with Q&A and shared insights, moderated by Karen Shackleton of Pensions for Purpose.
Who was this event for?
This event was open to asset owners or their representatives, such as pension fund trustees, in-house executives, investment consultants and advisers, only.
Mark Burrows, Head of Europe Capital Formation and Investor Engagement, Quinbrook Infrastructure Partners
Mark is in charge of capital formation and investor engagement, with 14 years’ experience. He was a Director, Head of Institutional Capital between 2008 and 2016 of Foresight Group, a market leading renewable energy and private equity asset manager. He led the institutional fundraising efforts at Foresight, and raised US$ 600m across 20 Limited Partners and co-investors, transitioning Foresight from a retail funded to an institutionally funded business. Previous roles were Private Client Sales Manager of Foresight Group between 2008 and 2009, Prime Brokerage Analyst (third year) at Goldman Sachs during 2007 and Business Development Executive of Invicta Capital between 2005 and 2007.
Mark holds a BA (Hons) in Economics and French Studies from Oxford Brookes University.
Anne Foster, Global Head of ESG, Quinbrook Infrastructure Partners
Anne is responsible for leading the firm’s ESG and Sustainability activities 15 years’ experience. She was a Vice President for the CEI division at Capital Dynamics Group between 2010 and 2014, supporting investment analysis, fundraising and investment transaction project management. She worked in Asset Management for Deutsche Bank Asset Management Infrastructure, Grant Samuel M&A and Investment Banking at Credit Suisse. Anne completed postgraduate studies at MIT in Digital Transformation (Blockchain, IoT, Cryptocurrencies, AI and Cybersecurity), holds a Master of Applied Finance from the Securities Institute of Australia, a Bachelor of Science (specialising in Environmental Science) from the University of New South Wales, Australia with First Class Honours and has also studied under scholarship at the University of California, Santa Barbara in the Bren School of Environmental Science and Management.
Rosalind Smith-Maxwell, Vice President, Quinbrook Infrastructure Partners
Vice President at Quinbrook with over 7 years’ experience in renewable energy and clean technology. Rosalind successfully advised on more than 4GW of renewable energy power projects. She has clean technology expertise including behind the meter storage and battery manufacture technologies. Formerly a Vice President at Fieldstone Private Capital Group and previously at Climate Change Capital.
The Paris Alignment Forum
The Paris Alignment Forum was established by Pensions for Purpose to help pension funds and other asset owners on their journey towards alignment with the goals of the Paris Agreement. We do this by sharing climate-related thought leadership written by our Influencer members (asset managers, consultants and lawyers), by running free training workshops for trustees and by engaging in industry-wide conversation through our quarterly all-stakeholder and asset-owner events. To find out more please click here.
The Place-Based Impact Investing Forum
The Place-Based Impact Investing Forum was established by Pensions for Purpose and The Good Economy to help pension funds and other asset owners make informed decisions about place-based investments. We do this by sharing place-based-related thought leadership written by our Influencer members (asset managers, consultants and lawyers), by running training workshops for trustees and by engaging in industry-wide conversation through our quarterly all-stakeholder and asset-owner events. To find out more here.
To join the Place-Based Impact Investing Forum please email Charlotte O’Leary.
Pensions for Purpose
Pensions for Purpose exists as a bridge between asset managers, pension funds and their professional advisers, to encourage the flow of capital towards impact investment. Our aim is to empower pension funds to seek positive impact opportunities and mitigate negative impact risks. For more information please email Charlotte O'Leary.