Laura Heuston
Laura Heuston FCA talks about how a career in Chartered Accountancy took a path towards renewable energy and ultimately towards sustainable finance, a boutique consulting firm, and lecturing, speaking and advising all types of organisations on what sustainable finance means in practice for them.
An accountant and tax expert by training, Laura Heuston has spent most of her career with renewable energy companies and funds. In 2017, she pivoted to focus on the emerging area of sustainable finance, which is much broader than renewable energy finance, and is about the implications of sustainability for the mainstream financial sector across banking, investment and insurance.
“I qualified as a Chartered Accountant in 2001, having first completed a law degree in UCD, and went on to become a Chartered Tax Adviser. I trained in tax and accounting with Arthur Andersen, and moved from there to Airtricity, where I was the Head of Tax. That meant that I looked after everything from getting the VAT returns in on time to advising on pioneering renewable energy financing transactions in Ireland and abroad and on its ultimate disposal for $1.8billion in 2008. It was a great first role in industry as Airtricity was involved in activities right across the renewable energy value chain, from developing wind project to the supply of electricity to the end user, and was also expanding internationally at pace.”
Returning to KPMG after Airtricity, Laura was Director of Tax with KPMG until 2017 where her engagements included advising on renewable energy and energy efficiency transactions spanning 5 continents. She specialised in working with corporates and asset managers in the renewable energy and energy efficiency finance sectors, advising on transaction structures for national and international mergers, acquisitions, disposals, fundraising and other transactions.
Now, with over 20 years’ professional experience across practice and industry, Laura is as passionate as ever about advancing the green and sustainable finance in Ireland.
“The financial sector has a key role to play in tackling our global sustainable development challenges, including our decarbonisation targets in Ireland. And there are significant job opportunities for Ireland in this high-growth financial services sub-sector.”
A leading expert in her field, Laura has in-depth knowledge of the global sustainable finance landscape and has used this knowledge to raise awareness and build engagement in Ireland around the jobs and business opportunities linked to this sector.
In January 2019 along with Aideen O’Hara and Karen Deignan, Laura co-founded SustainabilityWorks a boutique sustainability consulting firm that offers a unique blend of skills and experience across sustainability strategy, finance, policy and communications. It is on a mission to help Ireland unlock the economic, environmental and social opportunities linked to the sustainable business and finance agenda.
“Our overriding objective in every project we do is to cut through the noise around sustainability and ESG (environmental, social and governance factors). We make sustainability simple. We make it actionable. We make it work. When we set it up, we felt there was a need for a different kind of sustainability consultancy in Ireland - one that brings together financial, business, and communications know-how to create solutions that unlock opportunity and mobilise action. We help businesses and organisations understand sustainability and create opportunities - to save costs, engage employees, minimise risk, enhance reputation, attract investment, drive innovation and win customers.”
Advising and speaking on a broad range of sustainable finance topics, with a particular specialism in responsible investment, responsible banking, renewable energy finance and energy efficiency finance, Laura works on a broad range of sustainable finance projects – from advising private equity and real estate funds on their ESG strategy to researching and writing a guide for lenders on residential energy efficiency finance.
In parallel with her advisory work, Laura lecturers for the Institute of Banking and UCD Smurfit College on responsible and sustainable finance. She also lectures for Chartered Accountants Ireland on demystifying sustainability for accountants and is a member of its Expert Working Group on Sustainability.
“Being active on climate is not just about personal actions you can take. It is so important to use your voice in other ways – as a voter, as a consumer, as a pension saver, and in your work. Sustainability as it relates to business is about risk and opportunity, about decision-making and about taking action. Chartered Accountants are involved in many strategic, management and operational decisions in an organisation and as a trusted source of information, can ensure that climate-related financial risk and opportunity are on the table. I would love to see every Chartered Accountant recognise this and sign up to the 1,000 Chartered Accountants campaign.”
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