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Tax Credit Experts Bolster Sustainability through ESG Investments

Foss & Company has dedicated nearly 40 years to tax credit equity management and presented unique business opportunities for institutional investors.

Environmental, Social and Governance (ESG) investing has grown significantly in recent years due to the increasing recognition that social, environmental, and economic factors are interconnected. Since 2020, investors have turned to ESG funds for increased resiliency due to disruptions and uncertainties caused by the COVID-19 pandemic. Studies show that there are currently $30.7 trillion in sustainable investment funds worldwide, and it is predicted that it could rise to around $50 trillion in the next 20 years.

As one of the first investors in solar thermal facilities and among the largest sponsor syndicators of tax equity, Foss & Company is dedicated to ESG investments, improving long-term opportunities for businesses and society through historic preservation, solar, carbon capture and more.

George Barry, president and CEO of Foss & Co says, “we believe here at Foss & Company that our efforts in raising equity for programs that provide community benefits, such as affordable housing or renewable energy or even a rehabilitation of historic buildings helps us do our part to help millions of people. 

Experts on Tax Credit Equity Boost Economic and Environmental Sustainability

Foss & Company began tax credit management 39 years ago within the oil and gas sector and has continued to evolve its offerings while keeping its passion for the energy business at the forefront of its activities. The company has expanded tremendously and serves to “the social license to operate,” focusing on investing for sustainable economic growth and the benefits it provides society in recent years.

“Investors now use ESG disclosures of companies and companies’ carbon footprints as a filter and as a decision point for their investment strategies,” elaborates Dawn Lima, Associate VP at Foss & Co.

Foss & Company conducts various collaborations across different sectors, such as with solar, wind, and affordable housing developments by sourcing tax equity for the transactions, and in return, these projects provide Foss & Co and their investor partners with government-issued tax credits, forming a mutually beneficial situation for all parties involved. 

As Managing Director at Foss & Company, Bryen Alperin explains, “the advantages for investors to invest in solar and other sustainable technologies are a win-win, in terms of the economic benefits to the corporations. From an economic perspective, companies are able to earn a return on money that otherwise would have just been paid as taxes.”

Foss & Company firmly believes that ESG investment will not only boost long-term economic growth but also has a positive impact on the world at large since investing in clean energy also aids in offsetting dirty energy. “Since I joined Foss & Company, we've completed investments in over 100 solar projects,” Mr. Alperin explains further. “We're 100% focused on these projects that generate social and environmental benefits.”

Carbon Capture Utilization and Sequestration Development

Being aware of the significance of social responsibilities and the pressing matter of climate change, Foss & Company realized early on that developing its own carbon capture, utilization, and sequestration (CCUS) projects can help to reduce carbon emissions.

Ms. Lima elaborates more on the projects, “It's the process of capturing carbon dioxide at the emissions source and compressing it into its liquid state. The captured liquid carbon dioxide can either be permanently sequestered deep underground or utilized in another process. It can permanently prevent CO2 from being released into the atmosphere. 

Foss & Company is currently working with facilities that emit CO2 while operating to develop CCUS facilities onsite. These collaborative projects aim to have a great positive impact on climate change, equating to taking thousands of cars off the road each year. Meanwhile, Foss & Company continues to develop new funds and partnerships that target increased benefits for investors and society at-large:

“From a longer-term perspective, we're creating a roadmap for efficient and effective financing solutions for other CCUS projects as new technologies are introduced and wanted to be brought to the market,” Ms. Lima says.

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