RCS - RM Infrastructure - The Good Economy publishes annual Impact Report

RM Infrastructure Income

04/05/2022 10:20

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220504:nRSD2784Ka&default-theme=true

RNS Number : 2784K  RM Infrastructure Income PLC  04 May 2022

THE GOOD ECONOMY PUBLISHES ANNUAL IMPACT REPORT

RM INFRASTRUCTURE INCOME ("RMII")

RMII, the investment trust specialising in secured debt investments, has
released its first annual Impact Report provided by The Good Economy, an
independent advisory firm specialising in impact measurement and management.
The Report follows the initial impact update report, published in September
2021.

The Report, covering the 12-month period to end March 2022, assesses RMII's
performance for the year against its stated impact objectives relating to UN
Sustainable Development Goals (UN SDGs): Healthcare (SDG 3), Education (SDG
4), Housing (SDG11), Affordable and clean energy (SDG 7), Climate action (SDG
13) and Responsible consumption and production (SDG 12).

The Report provided by The Good Economy made a number of key findings,
incorporating:

·    Strong progress by RMII against its impact objectives, with over half
of the Company's portfolio aligned with its focus on social and environmental
infrastructure sectors

·    A rise in the average portfolio impact score from 18.6 to 22.2 in the
last six months, reflecting the growing impact intensity of the portfolio

·    Industry-leading levels of regional distribution: 99% of the value of
live loans provided by RMII in the UK was invested outside of London, compared
to the industry average of 65%

·    The current portfolio of loans supports approximately 1,115 jobs,
predominantly in the construction industry

·    High transparency levels through RMII's impact reporting, including
detail provided around its methodologies and results, alongside the use of
relevant frameworks including the Impact Management Project

The report provides several recommendations for RMII in order to continue its
progress and maximise its impact such as a target date for 100% of its
portfolio to be aligned with its impact objectives.

The full set of results, conclusions and recommendations from the report
are now available:

http://www.rns-pdf.londonstockexchange.com/rns/2784K_1-2022-5-4.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/2784K_1-2022-5-4.pdf)

 

James Robson, Chief Investment Officer of RM Funds, commented:

"This is an encouraging first report which clearly demonstrates the progress
we have made with our refreshed investment focus.  These values are integral
to our investment focus and activity, and we were particularly pleased the
report shows that our regional loan spread across the UK was far higher than
the industry average. While we are pleased with our progress, we know we have
more work to do in maximising our impact."

 

For further information, please contact:

RM Capital Markets Limited - Investment Manager

James Robson

Thomas Le Grix de La Salle

Tel: 0203 697 1768

 

 

Tulchan Communications LLP - Financial PR

Elizabeth Snow

Oliver Norgate

Tel: 0207 353 4200

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAFIFLAEDISIIF