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Impax Asset Management

PRI reporting framework 2019

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Governance and human resources

SG 07. RI roles and responsibilities

07.1. Indicate the internal and/or external roles used by your organisation, and indicate for each whether they have oversight and/or implementation responsibilities for responsible investment.

Roles

Select from the below internal roles

          eg. Head of Private Equity
        

07.2. For the roles for which you have RI oversight/accountability or implementation responsibilities, indicate how you execute these responsibilities.

At the Board and Chief Executive levels, the responsibilities are strategic and with oversight of the direction of company-wide and product-level within sustainable investing and to give thought-leadership both internally and externally around this specific area of investment.

At the Chief Executive, Investment Committee and Head of Department levels, policies, processes and responsible investment frameworks are maintained and developed. Responsible investment is implemented through Investment Committee work. All new companies that are presented to the Investment Committee must be approved on financial and ESG criteria and are often debated during the meetings.

Sustainability research and ESG analysis is fully integrated into the investment process in the investment teams. 

Within the investment teams, the role of sustainability research is also to identify strategic, top down issues for the ESG-analysis and engagement, to coordinate ESG-analysis for consistency and to continuously develop the ESG methodology further. 

07.3. Indicate the number of dedicated responsible investment staff your organisation has.

50 Number

07.4. Additional information. [Optional]

I confirm I have read and understood the Accountability tab for SG 07 I confirm I have read and understood the Accountability tab for SG 07

SG 07 CC. Climate-issues roles and responsibilities

07.5 CC. Indicate the roles in the organisation that have oversight, accountability and/or management responsibilities for climate-related issues.

Board members or trustees

Chief Executive Officer (CEO), Chief Investment Officer (CIO), Chief Risk Officer (CRO), Investment Committee

Other Chief-level staff or head of department

Portfolio managers

Investment analysts

Dedicated responsible investment staff

07.6 CC. For board level roles for which have climate-related issues oversight/accountability or implementation responsibilities, indicate how these responsibilities are executed.

One director on the Impax Asset Management plc board has specific climate responsibility and will attend twice a year as an observer the Impax Environmental Committee meetings. The Environmental Committee implements among other things climate risk and management issues, including any TCFD recommendations. The Impax director will then report back to the Impax board on climate issues and gain approval and steer from the Board to the Environmental Committee, to achieve effective and timely implementation and oversight of climate risk management. 

07.7 CC. For the management-level roles that assess and manage climate-related issues, provide further information on the structure and process involved.

Impax is an investment manager dedicated to investment in environmental markets and companies that stand to benefit from the transition to a more sustainable and low carbon economy. Therefore, climate-related issues, whether risks or opportunities are key priorities for the management team at Impax. Impax's investment strategies include environmental solutions and opportunities and all investment strategies are focused on activities that stand to benefit from the transition to a more sustainable and low carbon economy. As part of our ESG-analysis we assess all our investee companies' exposures to climate-related risks, whether policy-related or physical.


SG 08. RI in performance management, reward and/or personal development

08.1. Indicate if your organisation’s performance management, reward and/or personal development processes have a responsible investment element.

Board members/Board of trustees

08.1b. RI in personal development and/or training plan

08.2. Describe any activities undertaken during the reporting year to develop and maintain Board members’ skills and knowledge in relation to responsible investment.

Regular presentations to the Impax Board on RI topics, including sessions regarding Asian corporate governance, positive environmental impact measurement and reporting and broader thought-leadership topics. 

 

Chief Executive Officer (CEO), Chief Investment Officer (CIO), Chief Operating Officer (COO), Investment Committee

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

Other C-level staff or head of department

          eg. Head of Private Equity
        

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

Portfolio managers

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

Investment analysts

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

Dedicated responsible investment staff

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

08.3. Provide any additional information on your organisation’s performance management, reward and/or personal development processes in relation to responsible investment.

At the Board and Chief Executive levels, the responsibilities are strategic, with oversight of the direction of company-wide and product-level sustainability and strategy, to provide thought-leadership both internally and externally around this specific area of investment.

At the Chief Executive, Investment Committee and Head of Department levels, policies, processes and responsible investment frameworks are maintained and developed. Responsible investment is implemented through Investment Committee work. All new companies that are presented to the Investment Committee must be approved on financial and ESG criteria and are often debated during the meetings.

Sustainability research and ESG analysis is fully integrated into the investment process in the investment teams.

Within the investment teams, the role of sustainability research is also to identify strategic, top down issues for ESG-analysis and engagement, to coordinate ESG-analysis for consistency and to continuously develop the ESG methodology further. 

 


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