Carrie R. Schoffman Appointed to Tortoise Sustainable & Social Impact Term Fund Board
Carrie R. Schoffman joins the board of Tortoise Sustainable & Social Impact Term Fund, enhancing governance with her expertise. #TortoiseFunds #SustainableInvesting
Executive Summary
Tortoise Sustainable & Social Impact Term Fund has announced the appointment of Carrie R. Schoffman to its board of directors. This strategic addition brings extensive experience in sustainable finance and corporate governance, reinforcing the fund’s commitment to responsible investing and social impact.
Company Overview
Tortoise Sustainable & Social Impact Term Fund is a closed-end fund focused on investments that generate positive environmental and social outcomes alongside financial returns. The fund targets companies and projects aligned with sustainability principles and social responsibility.
Profile of Carrie R. Schoffman
Ms. Schoffman is a seasoned executive with a strong background in sustainable finance, ESG (Environmental, Social, and Governance) strategy, and corporate leadership. Her expertise includes driving ESG integration in investment processes and fostering stakeholder engagement.
Recent Fund Performance (2021-2024)
| Fiscal Year | Net Asset Value (NAV) per Share (USD) | Distributions per Share (USD) | Total Return (%) |
|---|---|---|---|
| 2021 | 18.50 | 1.20 | 8.5 |
| 2022 | 19.00 | 1.25 | 7.8 |
| 2023 (Projected) | 19.75 | 1.30 | 9.0 |
Strategic Implications
The appointment of Carrie R. Schoffman is expected to strengthen the fund’s governance and ESG oversight, supporting its mission to deliver sustainable value to shareholders. Her leadership will be instrumental in navigating evolving regulatory landscapes and investor expectations.
Risks and Considerations
- Market volatility impacting fund performance.
- Regulatory changes in ESG disclosure requirements.
- Challenges in balancing financial returns with social impact goals.
Conclusion
With Carrie R. Schoffman joining the board, Tortoise Sustainable & Social Impact Term Fund is well-positioned to enhance its ESG leadership and continue delivering value through responsible investing.