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The Climate Trust Amps up Caliber of Board of Directors with New Membership

Published: June 14, 2024 by Editorial Team

The Climate Trust is pleased to announce two strategic additions to the Board of Directors: Patrick Maloney, Principal at Occam Advisors and Nini Redway, former Deputy Treasurer for the California State Treasurer.

“The Climate Trust is thrilled to welcome both Nini and Patrick to our board leadership team. The pair offer decades of environmental and financial expertise, adding distinction and an invaluable perspective to the Board,” said Laura Beane, Board Chair and Director of Regional Market Structure & Policy for Iberdrola Renewables.

Maloney has a deep knowledge of impact investing, working in this arena for most of his career. His primary focus lies in helping investors, entrepreneurs and non-profits—creating opportunities with both financial returns and social or environmental impact. Prior to his time at Occam Advisors, he served as a Principal at Imprint Capital Advisors; Program Director at Lemelson Foundation; and as Investment Manager at Omidyar Network.

Recently retired, Redway was responsible for oversight of the Investment Division of the California State Treasurer; served as Trustee to the teachers retirement pension (CalSTRS); and developed climate change infrastructure investment strategies. Redway led the office to its first issuance of a green bond, as well as participated in program and statewide policy for investment strategies in energy efficiency and green technology business assistance programs. She assisted other state climate programs in analyzing and developing appropriate financing and investment strategies. In addition, Redway participated in a network of pension and international climate change finance experts charged with exploring vehicles to attract more capital into investments in climate change infrastructure. These discussions led to California and CalSTRS being early investors in the World Bank Green Bonds.

The Climate Trust Executive Director, Sean Penrith, said the new Board additions will provide much needed expertise during a critical period for our new business model.

“We’re in the trenches with decisions of critical importance made each day,” Penrith said. “The addition of board members with such valuable knowledge of climate finance and impact investing will be a great resource. Nini’s years of legislative and policy experience working on environmental issues are of great value to The Trust during our evolution.”

Maloney said he was excited to join The Climate Trust, because of the nonprofit’s focus on conservation finance.

“I am primarily interested in exploring opportunities for The Trust to build on its knowledge and networks to develop investment opportunities that can amplify its impact.”

Redway shared Maloney’s excitement, mentioning the organization’s dedication to maximizing environmental returns as the primary reason for board involvement.

“I am motivated by the leadership and hands on experience The Trust is contributing to green financing, and feel a strong connection to the mission and vision of The Trust,” said Redway.

The new board members join The Climate Trust at an exciting time; The Trust is in the midst of implementing a new business model with a soon-to-be released brand identity to match. Patrick will become part of the seven-member Oregon board that oversees fulfilling The Trust’s statutory obligations under the Oregon Carbon Dioxide Standard—the nation’s first legislation to curb carbon dioxide emissions. Both Nini and Patrick will join the National Board, overseeing all non-Oregon programs and activities.