Impax has pioneered investment in companies that enable the transition to a more sustainable economy.
Our approach is based on a four-step 'theory of change' framework, primarily focused on thematic listed equities. The investment philosophy revolves around the opportunities arising from this transition, appealing to asset owners with narrowly-defined fiduciary duties as well as those seeking positive, measurable non-financial impact outcomes through their investments.
The investment objective is to generate strong risk-adjusted investment returns from companies involved in this transition, while also quantifying, calibrating and reporting on the positive non-financial impact outcomes these companies produce. Additional activities contributing to impact include managing investment risk through structured engagement, using dialogue with company management teams and boards to improve standards and disclosures, contributing to thought leadership in the marketplace, and engaging with policymakers and market regulators to support the improvement of rules and market norms.
Impax measures and publicly reports investee companies' contributions to positive impact in our annual Impact Report, which is externally assured by an experienced third party.
