Publication of First ESG Report

RNS Number : 6951A

SDCL Energy Efficiency Income Tst

01 October 2020

 

01 October 2020

SDCL Energy Efficiency Income Trust plc
("SEEIT" or the "Company")

Publication of First Environmental, Social and Governance (ESG) Report

S DCL Energy Efficiency Income Trust plc is pleased to announce that its ESG Report for the period ending 31 March 2020 is now available to view and download from the Company's website at  www.seeitplc.com .   

For Further Information:

Sustainable Development Capital LLP Jonathan Maxwell Purvi Sapre Peter Hobson Keith Driver	T: [phone]
Jefferies International Limited Tom Yeadon Gaudi le Roux	T: [phone]
TB Cardew Ed Orlebar Joe McGregor	T: [phone] M: [phone] E:  [e-mail]

 About SEEIT

SDCL Energy Efficiency Income Trust plc is the first UK listed company of its kind to invest exclusively in the energy efficiency sector. Since IPO, SEEIT has made seven investments and commitments in a diversified portfolio of distributed generation and energy efficiency projects totalling c.£375m. The projects are located in the UK, Europe and North America in broadly equal proportions and include, inter alia, a portfolio of cogeneration assets in Spain, a portfolio of recycled energy and cogeneration projects in the United States and, most recently, investments and commitments in operational and construction assets in the UK.

The Company aims to deliver shareholders value through its investment in a diversified portfolio of energy efficiency projects which are driven by the opportunity to deliver lower cost, cleaner and more reliable energy solutions to end users of energy.

The Company is targeting an attractive total return for shareholders of 7-8 per cent. per annum (net of fees and expenses and by reference to the initial issue price of £1.00 per Ordinary Share), with a stable dividend income, capital preservation and the opportunity for capital growth. The Company is targeting a dividend of 5.5p per share in respect of the financial year to 31 March 2021. SEEIT's last published NAV was 101.0p per share as at 31 March 2020.

Further information can be found on the Company's website at www.seeitplc.com .

Investment Manager

SEEIT's investment manager is Sustainable Development Capital LLP ("SDCL"), an investment firm established in 2007, with a proven track record of investment in energy efficiency and decentralised generation projects in the UK, Continental Europe, North America and Asia.

SDCL is headquartered in London and the group also operates worldwide from offices in New York, Dublin, Madrid, Hong Kong and Singapore. SDCL is authorised and regulated in the UK by the Financial Conduct Authority.

Further information can be found on at www.sdclgroup.com .

 

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