United StatesFounded in 1998 and with approximately 100 investment professionals within listed equities, fixed income and private markets, Impax is one of the largest specialist investors focused on the transition to a more sustainable economy.
We believe strong investment returns can be generated by investors who better understand the opportunities and risks associated with forces shaping the future, including resource constraints, policy and regulation, technological innovation, and evolving social trends.
We believe these trends are reshaping capital markets: driving growth for well-positioned companies and creating risks for those unable or unwilling to adapt. Our investment approach seeks out high-quality companies and issuers with enduring business models and sound risk management, aiming to deliver strong outcomes for our clients over the medium to long term.
Investment Philosophy
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The Fed has spoken. What comes next for core bonds?
With Treasury yields near multi-year highs and the path of rates still uncertain, high-quality core bonds may offer a compelling combination of income, diversification, and resilience.
Extreme heat and the semiconductor supply chain: unpriced risks
Our analysis highlights how extreme heat presents rising risks for many chipmakers that are hard to model, but critical for investors to evaluate at a fab-specific level given their financial materiality
Unpack climate change, switch the narrative
Investors need to sidestep the politicisation of climate change and focus their analysis and language on its rising financial implications for companies and, ultimately, asset owners
How the sustainability story for Asian investors is evolving – in three ways
We perceive a shift in focus in the region towards economic resilience, solutions to AI’s environmental challenges and financially material insights from sustainability analysis
Where extreme weather has impacted credit spreads – and where it has not
US wildfires stand out in our analysis for having led to credit events in the utilities sector, but the timing and extent of bond repricing is found to depend on jurisdiction
Impact Report 2026
Measuring impact through investments in environmental and social solutions