This report shows public data only. Is this your organisation? If so, login here to view your full report.

Impax Asset Management

PRI reporting framework 2019

Export Public Responses
Pdf-img

You are in Direct - Fixed Income » Outputs and outcomes

Outputs and outcomes

FI 17. Financial/ESG performance

17.1. Indicate whether your organisation measures how your incorporation of ESG analysis in fixed income has affected investment outcomes and/or performance.

Select all that apply
SSA
Corporate (financial)
Corporate (non-financial)
Securitised
We measure whether incorporating ESG impacts portfolio risk.
We measure whether incorporating ESG impacts portfolio returns.
We measure the ESG performance/profile of portfolios (relative to the benchmark).
None of the above

17.2. Describe how your organisation measures how your incorporation of ESG analysis in fixed income has affected investment outcomes and/or ESG performance. [OPTIONAL]

We have conducted an internal attribution analysis based on ESG integration decisions for one of our fixed income strategies. Based on this analysis, the results we have observed over longer term periods have been positive.

17.3. Additional information.[OPTIONAL]


FI 18. Examples - ESG incorporation or engagement

18.1. Provide examples of how your incorporation of ESG analysis and/or your engagement of issuers has affected your fixed income investment outcomes during the reporting year.

ESG issue and explanation

Issuer in a high risk industry with a static ESG profile, despite increased operational, legal, regulatory and reputational risks related to climate change and environmental stewardship.

Impact on investment decision or performance

Divest. 

ESG issue and explanation

Green bond issue from a major U.S.-based utility company with severe exposure to ESG risks related to coal ash storage facilities. 

Impact on investment decision or performance

No investment. 

ESG issue and explanation

Company that generates electric power from biomass (wood pellets) and coal. The biomass supply chain claim that it is a low carbon fuel is dubious.

Impact on investment decision or performance

No investment. 

18.2. Additional information.


Top