Solebury Trout, a leading strategic investor relations and financial communications firm, announced today the launch of a new Environmental, Social and Governance (ESG) practice area to help clients build or improve, as well as promote, an ESG strategy that creates long-term value and drives investor engagement. Managing Director Amanda Cimaglia will lead the new offering, titled Solebury Trout ESG 360SM, reflecting the holistic nature of the practice, which encompasses both investor relations and corporate communications initiatives.
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Amanda Cimaglia (Photo: Business Wire)
Cimaglia is joining Solebury Trout from Hannon Armstrong HASI, a leading investor in climate change solutions, where she most recently led the investor relations function and ESG reporting initiatives. Her success in fully integrating an ESG focus into the investor relations strategy and corporate communications initiatives at HASI grew the shareholder base to include nearly 30 percent ESG-dedicated long-only investors – from less than 1 percent in 2013. During her seven-year tenure at Hannon Armstrong, Amanda directly participated in raising over $1 billion in the public capital markets. Notably, she built an award-winning investor relations program, garnering the 2019 Best Overall Investor Relations (Small Cap) Award by IR Magazine, as well as being named a finalist for 2019 Best ESG Reporting.
Cimaglia has served as a member of the ESG working groups for both the American Council on Renewable Energy (ACORE) and the New York Stock Exchange (NYSE). She is a sought-after speaker on the topic of best practices in investor relations and ESG integration from the corporate perspective, having previously spoken at events sponsored by Bank of America, Ethical Corporation, Institutional Investor, Asset TV, and the National Investor Relations Institute.
"ESG continues to be a growing area of opportunity across our client base and the broader market, as sustainable investments account for $1 out of every $4 of total assets under professional management in the U.S. – a 38 percent increase in the last two years, according to The Forum for Sustainable and Responsible Investment (USSIF)," said Jeff Grossman, CEO of Solebury Trout. "We are thrilled to have Amanda on our team. Her prior work at Hannon Armstrong has often been cited by investors and other stakeholders as a leading example that other companies can and should follow."
"I am very excited to join Solebury Trout to lead the ESG practice and work across the client base to guide members of the C-Suite and Board on strategies to effectively engage various stakeholder groups on important ESG issues that can reduce risk and present opportunities," said Cimaglia. "I have experienced firsthand the evolution of ESG principles becoming more mainstream over the last several years for both corporations and investors. I look forward to working with Solebury's public company clients, as well as its private clients contemplating entering the public markets, on building and communicating an effective ESG strategy to drive long-term value."
Solebury Trout is affiliated with Solebury Capital, the leading equity capital markets advisory firm in the U.S., having advised on nearly 700 equity transactions since its founding 15 years ago.
About Solebury Trout
Solebury Trout provides clients with senior counsel and execution on investor relations and corporate communications strategies. The firm's global reach extends through a network of offices in New York, Boston, Stamford and San Francisco, as well as consultants in the U.K., connecting clients with the right investors and media in all the major financial centers. A highly-experienced team of 60 senior professionals has expertise in investor relations, equity research, portfolio management, private equity, investment banking, journalism, ESG and corporate communications.
Solebury Trout is affiliated with Solebury Capital, the leading equity capital markets advisory firm, and is a subsidiary of The PNC Financial Services Group, Inc.
About Solebury Capital
Solebury Capital is a global advisory firm and registered broker dealer exclusively focused on equity capital markets advisory services. Since 2005, the company has completed more than 600 transactions, providing clients with independent advice and judgment honed in decades of experience in capital markets at leading investment firms across the globe.
About PNC
The PNC Financial Services Group, Inc. PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.
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