All of our Private Equity investments are in renewable energy infrastructure and are thoroughly analysed from an ESG perspective, driven by Impax's ESG policy and formal environmental impact assessments, permitting procedures for potential stakeholder impacts and engagements as well as addressing any material governance weaknesses prior to investing. Investments are managed to meet or exceed environmental permit targets and post-build assessments on permit compliance are performed.
Impax's latest renewable energy fund "NEF III" has been awarded the independently audited Novethic Energy and Ecological Transition for the Climate, (EETC), green label due to these three assessed pillars:
- Pillar 1: Fund's objectives and methodologies for the selection of assets contributing to the energy and ecological transition.
- Pillar 2: Consideration of ESG criteria in the construction and life of the portfolio
- Pillar 3: Highlighting positive impact on energy and ecological transition
All investments from the private equity funds to date have been in Europe and so adhere to EU Directives.