Two directors resign from Aquila Energy Efficiency trust over disagreement of investment deployment pace

Listed in June

Kathleen Gallagher
clock • 1 min read

Two non-executive directors of the £98m Aquila Energy Efficiency trust have resigned as the remaining members of the board launched a review of the trust’s investment strategy.

Laura Sandys and Lisa Arnold are resigning due to a "difference of opinion regarding the speed of deployment," according to a stock exchange announcement on 31 January. Remaining board members Nicholas Bliss and chair Miriam Greenwood "remain committed" to the trust and are searching for replacements. The trust, which is trading on an almost 10% discount, listed in June last year, raising £100m to invest in energy efficiency assets. At IPO, the manager said there was a pipeline of €210m investments that were either under negotiations or already held in Aquila-managed funds, as well...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ESG

FIF25: SDR plans for MPS should be 'natural progression' for FCA
ESG

FIF25: SDR plans for MPS should be 'natural progression' for FCA

A ‘clear’ move for industry

Isabel Baxter
clock 05 June 2025 • 2 min read
FE fundinfo's Helen Slater: ESG's defence debate hinges on transparency
ESG

FE fundinfo's Helen Slater: ESG's defence debate hinges on transparency

Clearer disclosure will be key

Helen Slater
clock 05 June 2025 • 4 min read
Trump concerns cause global investors to shun US sustainable companies
ESG

Trump concerns cause global investors to shun US sustainable companies

Europe leads in climate investing

Beth Brearley
clock 04 June 2025 • 2 min read
Trustpilot