About
A London structuring and advisory firm
Climate Securities designs the ownership, the instrument and the route to capital for sovereign, nature and transition programmes, and coordinates the specialists each programme needs.
How we work
Design, structure, connect, coordinate
- DesignProgramme and instrument design: who owns the outcome, how the structure pays and what evidence it needs.
- StructureThe ownership architecture, the revenue waterfall, the instrument and its credit layers, documented under English law where appropriate.
- ConnectDevelopment banks, climate funds, outcome payers and philanthropic funders, introduced where they change the outcome.
- CoordinateCounsel, authorised arrangers, evidence providers and independent verifiers, each in its own role.
Any activity that requires authorisation is carried out by or through firms authorised to do it, in the jurisdictions concerned.
Team
Climate, finance, government and global markets
Peter SermolChief ExecutiveFormer senior adviser to the IFC and Managing Director of Amstel Securities in Canada; a pioneer of renewable-energy and green-bond finance.Chief Executive of Climate Securities and a Partner at Shard Capital Partners. Former senior adviser to the International Finance Corporation on carbon finance and financial systems, and previously Managing Director of Amstel Securities’ Canadian office. Founded North Star Solar.
Peter has pioneered financing structures for renewable energy and works extensively in the green bond market, connecting institutional capital with sustainable investment.
Sarah ConwayDirector of Climate CapitalClimate finance and sustainable investment.Director of Climate Capital at Climate Securities, working on climate finance and sustainable investment: the funders, investors and outcome payers that each programme needs.
Thomas FuglesangChief Financial OfficerCapital markets and environmental finance; ran Absalon Capital for 17 years, after Credit Suisse and Pareto Securities.Chief Financial Officer of Climate Securities. Managing Director of Entoro, a boutique investment banking group whose environmental-finance businesses include an environmental-asset registry and exchange and a carbon-credit asset manager.
For seventeen years Thomas ran Absalon Capital across energy services, shipping and commodities, with board seats at CAPOL and Ascot Energy Services and as CFO of Newport Shipping. Earlier he worked in shipping corporate finance at Credit Suisse in London and in equity sales at Pareto Securities. Bayes Business School; based in Oslo.
Harry VernonExecutive DirectorTwenty-five years in cross-border transactions and blended finance, with deep ties across Asia, Africa and Latin America.Executive Director of Climate Securities and of Climate Ground. Twenty-five years in cross-border transactions, CSR-led investment and blended finance with governments and multinationals, and some twenty years of relationships with India’s leading corporates.
Harry built Phyla Earth’s agroforestry business across India, Africa and Latin America and represented it through its UNCCD accreditation. Managing Partner at Fortessa Partners and a Senior Fellow of the Centre for Business and Public Sector Ethics, Cambridge.
Ayesha KhanBoard & Operations AssociateResearch and project analysis.Board & Operations Associate at Climate Securities and Climate Ground, supporting both boards and leading research and project analysis across the programmes the companies assess.
Farhan AsifBoard & Operations AssociateClimate finance and project analysis.Board & Operations Associate at Climate Securities and Climate Ground, supporting both boards and running climate-finance and project analysis, from first screening through to programme delivery.
Board of advisors
Alexander RottenburgEmerging markets riskA long City of London career in banking and financial markets.
Gus DrewBond issuance & risk managementPreviously led bond and options operations at JP Morgan.Adviser to Climate Securities on bond issuance and risk management. Gus previously led bond and options operations at JP Morgan.
Vijay GoelPolicy and India strategyPolicy, India strategy and international joint ventures.Adviser to Climate Securities on policy, India strategy and international joint ventures.
Jim RowUS securities and climate financeBrings US securities-market experience to the financing of climate programmes.
Company
Climate Securities Ltd
Our sister company, Climate Ground, prepares evidence for climate and nature projects. The two are separate companies and deal at arm's length. How the companies work together
- Registered
- England and Wales, company number 16699980
- Registered office
- Floor 2, 134 Buckingham Palace Road, London SW1W 9SA
- Regulatory status
- Not authorised or regulated by the Financial Conduct Authority. Climate Securities designs, structures and coordinates, and does not carry on regulated activities. Important information
Next step
Bring us a programme
Tell us about the programme, the delivery challenge and where you are in its development. We will come back to you to say whether, and how, we can help.