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Impax Asset Management

PRI reporting framework 2017

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Outputs and outcomes

PR 18. ESG issues affected financial/ESG performance

New selection options have been added to this indicator. Please review your prefilled responses carefully.

18.1. Indicate whether your organisation measures how your approach to responsible investment in property investments has affected financial and/or ESG performance.

Describe the impact on:
Impact
Funds' financial performance
Describe the impact on:
Impact
Funds' ESG performance

18.3. Describe how you are able to determine these outcomes.

The Impax Climate Property Fund has been able to demonstrate active evidence of financial out-performance and "green alpha" from well-managed efficient buildings, by independent third party research firms conducting post-sale sustainable valuation analysis.  

Environmental improvements over life-time of the fund, up to 31 Dec 2015:

- 640 tC02 net C02 emissions avoided

- 52 kWh per m2 of energy efficiency improvement

- 7.4 m3 of water efficiency improvement per occupant

- 32% increase in waste recycled

Data is third-party validated by JLL Upstream Sustainability Services.


PR 19. Examples of ESG issues that affected your property investments

19.1. Provide examples of ESG issues that affected your property investments during the reporting year.

ESG issue
          Energy efficient office building, UK
        
Types of properties affected
          Office building
        
Impact (or potential impact) on investment

Environmental improvements of the office building:

- Energy efficiency improvement 34% (kWh / m2)

- Water efficiency improvement 67% (m3 / occupant)

- Recycling rate improvement 20%

Data is third-party validated by JLL Upstream Sustainability Services.

Activities undertaken to influence the investment and the outcomes

- Rapid responses to spikes in electricity, gas and water consumption

- Quarterly tenant "Green Team" meetings, extranet, news letter

- On-going commissioning of the heating, cooling, lighting controls of the building

19.2. Additional information. [Optional]


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