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Impax Asset Management

PRI reporting framework 2019

Export Public Responses

You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes » (B) Implementation: Thematic

(B) Implementation: Thematic

LEI 07. Types of sustainability thematic funds/mandates

07.1. Indicate the type of sustainability thematic funds or mandates your organisation manages.

07.2. Describe your organisation’s processes relating to sustainability themed funds. [Optional]

Environmental strategies

Impax Asset Management is dedicated to investing in the opportunities created by the transition to a more sustainable economy and the scarcity of natural resources and the growing demand for cleaner, more efficient products and services, through both listed and private equity strategies.

Impax's environmentally themed listed equity strategies seek out mis-priced companies that are set to benefit from the long-term trends of climate change, inadequate infrastructure, environmental constraints, changing demographics, urbanisation and the resultant increases in resource scarcity. We expect that these trends will drive earnings growth for well-positioned companies. Investment is focused on a small number of deeply researched global equity strategies across alternative energy, energy efficiency, water, waste, sustainable food and agriculture and related markets.

As part of our investment process, we develop and maintain a large database of our entire environmental thematic investment universe, currently c. 1,600 companies. We review and update the exact % of revenue (or other business activity indicator) derived from the environmental solution / activity for each company on an annual basis. This process ensures that our investee companies are and continue to be part of the economy and sectors benefiting from resource and environmental opportunities and to further develop and expand our investment universe. The companies we invest in must derive at least 50% or 20% of revenues (depending on the strategy) from Environmental Market activities.

One person in the Impax investment team is dedicated to maintaining and developing the environmental investment universe.

Impax is a thought-leader in defining environmental markets, for example through a partnership with FTSE to develop and manage the classification system underpinning the FTSE Environmental Markets Index Series.

Environmental Markets classification:

Global Women's Leadership strategy

We have developed a proprietary rating framework that employ a quantitative approach to gender leadership assessment. The framework is incorporated into portfolios that use quantitative optimization tools to manage risks relative to market benchmarks and target desired tilts in characteristics. These tilts involve integration of gender leadership and ESG ratings systematically alongside financial factors in portfolio construction through optimization.

Impax Gender Leadership Score: The Gender Leadership Score is a proprietary framework of gender leadership factors used to determine the constituents and weights of a global investment strategy designed to capture investment returns associated with gender diversity and women's leadership.