PHV Consulting

PHV Consulting Ltd  ·  London

A consultancy integrating sustainable capital, technology, and governance to accelerate the global transition.

Capital prices risk and return and drives economic expansion. Technology and innovation accelerate change. Corporate boards convert green capital and technology into a sustainable growth strategy. Governments articulate vision, write the rules and create the incentives. PHV Consulting works with all the stakeholders — advising corporates, greentech startups, sustainable infrastructure developers, financial institutions, governments and NGOs to design and execute sustainable solutions.

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What we do

Every mandate sits somewhere on the line.

At one end, innovators, developers, investors, lenders and corporate boards drive commercial solutions. At the other, ministries, central banks and multilateral institutions build the frameworks, provide the incentives and the rules of the game. Understanding cash flows and where value resides within a company or project determines the capital structure and how it should be funded. The key is to get the right stakeholders in the room, understand their needs and develop an optimal solution.

Private capital Public institutions
01Finance
02M&A
03Fundraising
04Projects
05Governance
06Central banks
  • 01

    Sustainable finance: products and structures

    Advice on financial products: green loans and bonds, blended cap stacks, securitisation, transition and sustainability-linked instruments; the structure, documentation and governance that make a label credible to the investors who buy it.

  • 02

    Mergers, acquisitions and strategy

    Buy-side and sell-side thinking for green technology, sustainable projects and infrastructure: valuation logic, process design, diligence priorities, and a clear view of what an acquirer will and will not pay for.

  • 03

    Fundraising strategies for green companies and projects

    Advice to green companies, funds, governments and NGOs on capital raise strategies, investor positioning and materials — and introductions to investors and financiers drawn from three decades in the debt and equity markets.

  • 04

    Sustainable development projects

    Guiding green energy, infrastructure and real estate projects from concept to bankability: design and architecture, PP&E, counterparties, contracts and PPAs, revenue certainty, permitting reality and the risk allocation that lenders and equity will genuinely accept.

  • 05

    Governance and convening

    Convening and advising public and private governance stakeholders on how to develop robust, transparent and fair entities to deliver superior outcomes for local and indigenous people, nature and communities.

  • 06

    Central bank climate modelling and capacity building

    Climate scenario design, stress testing frameworks and supervisory capability — built with the institution and grounded in how supervisors and markets operate.

The principal

Michael Sheren

Global leader in sustainable finance, investing, governance and policy. Established C-suite executive and non-executive director in financial services. Deep experience in green tech, infrastructure, and sustainable power. Senior advisor to public and private entities with extensive ESG, investment and regulatory experience built on a broad background in the global financial markets.

  • Global sustainable financial sector expertise acquired in executive, non-executive and policy roles in Europe, Asia and the US. Architect of sustainable debt products and contributor to ESG/SDG risk frameworks. Developed foundational work in defining and integrating sustainability into financial markets through work within the G20, NGFS and Bank of England.
  • Extensive involvement in the global green and clean technology sector and in sustainable project development (green power, real estate and similar). Co-founder of the Bank of England's Fintech Accelerator and six years of advising and mentoring activities in fintech and greentech companies.
  • Broad executive experience in corporate M&A and LBO financing, gained over twenty-five years of banking and asset management in New York, London and Singapore. Extensive contacts with private-sector financial market stakeholders (insurance and pension funds, banks, rating agencies) at the most senior levels.
  • International policy, governance and academic perspective. Former Senior Advisor at the Bank of England, Co-Chair of the G20 Sustainable Finance Study Group, contributor to bilateral economic dialogues and regular delegate at international meetings (G20, IMF, BIS, OECD). Global board and chair experience, and Fellow and Co-Chair of the University of Cambridge Institute for Sustainability Leadership.