The Environmental Social Governance (ESG) Team is seeking a mid-level professional to join the ESG team.
The ESG team objective is to integrate ESG at the Group, fund, and asset management levels and expand and deepened internal and external stakeholder engagement on key ESG trends.
The role includes the following tasks and responsibilities:
ESG group principles and process:
- Support the head of the ESG team on ensuring that NEC Sustainable Investment Policy and process are developed and reviewed regularly to anticipate and address emerging themes
- Support the Head of the ESG team on the implementation of any ESG regulatory matters (i.e. EU SFDR), including liaising with legal, compliance and portfolio managers for implementation
- Maintain and expand engagement with key stakeholders, from industry associations, investors, NGOs, universities, ESG and solar PV specialists.
M&A fund level due diligence:
- Independently undertake the ESG due diligence for all new acquisitions and or new developments, working closely with the different fund’s M&A teams;
- Overseeing the junior member of the team for: preparation of the RfPs for ESG consultants, ESG Memos for the deal filing, review of EPC and O&M contracts to include ESG clauses
- Independently reviewing ESG reports for secondary market acquisitions as well as new developments, with the ability to identify key risks and compliance gaps in accordance with NEC’s standards (National requirements, Equator Principles and IFC Performance Standards)
- Oversight and training other junior members of the team on ESG due diligence during the acquisition phase in different countries
- Report back to the head of the team on any key risks or opportunities associated with M&A activities, providing ESG input to the investment paper presented to the Investment Committees
Monitor Assets under Management:
- Engage with fund portfolio managers to develop a consistent approach across all funds on ESG matters post-acquisition
- Verifying EPC and O&M obligations post-acquisition and appoint auditors or consultants to monitor activities on the ground and ESG impacts during the constructions phase
- Where relevant, appoint auditors and/or consultants for the operational phase; liaise with Portfolio Managers and the AM technical team to ensure that Action Plans are implemented throughout the life of the investment
- Supporting the Investor Relations team in responding to ESG-related due diligence questionnaires and presenting on ESG approach to prospect investors
- Engaging independently with M&A teams (i.e. holding weekly meetings) to ensure the ESG team is on track with each deal’s milestones, including ESG deal tracker updates
- Manage a wide range of internal and external stakeholder engagements, including IR, compliance, PRI, IIGCC, TCDF and Solar Energy UK (SEUK) amongst others
- Pursue new ESG initiatives and identify strategic partnerships or stakeholder relationships to promote ESG and sustainability within the financial community
- Supervising the team’s analyst on collecting data for group and fund’s level reports, including the ESG section of the NESF Annual Report, the Green Impact Reports for NPIII, the SDG Report, and the PRI Annual Report, and future ESG reports at the group level
You will be highly pro-active, with +6 years of working experience in the renewable energy sector, and with on-the-ground experience in environmental, health and safety and social (EHS-S) management systems.
You will be familiar with the UK and European environmental and social impact assessment processes, planning permission and regulatory regime, and with international standards such as Equator Principles and IFC Performance. EHS-S consultancy background with a focus on asset managers, or experience in Engineering Procurement Construction (EPC) and/or Operational&Maintenance (O&M) companies in the energy sector will be a preference.
You will possess strong critical thinking, interest, and curiosity to undertake due diligence on target companies and business partners, ability to understand and summarize environmental and social reports in order to highlight key risks to be mitigated and managed prior to acquisition and during the ownership phase. You will be highly motivated to advance sustainability within the company and contribute to making renewable energy more sustainable throughout its value chain.
You will have excellent communication skills and problem-solving skills and experience. You will have excellent people and presentation skills and be keen to learn a new business whilst being generous and dedicated to passing on your knowledge to more junior team members.
The ideal candidate will have/be:
- Self-driven to pursue the transformation of the energy industry towards renewables
- 5-7 years experience in the energy sector, either as a consultant, or EPC/O&M, or asset manager environmental and social expert;
- Genuine interest in sustainability and, preferably, an environmental/sustainability-related academic background
- Familiar with key standards initiatives for the financial and solar sector, including but not limited to UN Sustainable Development Goals, UN PRI, UNEPFI Net Zero Alliance (for asset owners), Equator Principles, IFC Performance Standards, ILO Fundamental Conventions, Task Force on Climate-Related Financial Disclosure (TCFD), Net Zero commitment, IIGCC workstream, Solar Trade Association’s various initiatives on sustainability; Task Force on Nature-related Financial Disclosure (TNFD);
- Strong organisational skills and the ability to manage multiple workstreams in parallel
- An ability to communicate confidently and effectively with a wide range of stakeholders, from consultants to industry leaders;
- An ability to draft reports for internal and external use, utilising material from different parts of the business
- Strong academic and work track record, and organisational skills
- Preference to candidates that can speak additional languages other than English, i.e. Spanish, Portuguese, Italian
- The legal right to work in the UK for the length of this assignment
- Remuneration and benefits for the role will include:
- A market competitive salary, plus bonus; • Private medical for the employee and his/her family;
- 30 days’ holiday, plus public holidays and festive shutdown;
- The opportunity to be part of a globally growing company and have a positive impact on the world.