United States
As a specialist investor in the transition to a more sustainable economy, managing climate-related risks and identifying climate-related opportunities is at the core of what we do.
We are delighted to publish the Impax Climate Report 2024 in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
As a step towards preparing our transition plan, we have aligned this report with the recommendations of the Transition Plan Taskforce (TPT). This includes structuring our report under the TPT’s five elements: strategy, implementation, engagement, governance, and metrics and targets. We cross-reference our reporting against the recommended disclosures of TCFD.
We are a strong supporter of the TPT’s ‘strategic and rounded’ approach which recommends that a company’s transition plan focuses not only on how to decarbonise its operations and value chain, but also how it will respond to climate-related risks and opportunities and accelerate the transition to a low-emission, climate-resilient economy (the ‘climate transition’).
Our reporting seeks to demonstrate how we integrate the management of climate-related risks and the search for investment opportunities throughout our business, in the interests of both our clients and shareholders. We have long advocated for better climate-related corporate disclosure, not least because sound analysis of investment risks relies on the availability of decision-useful information. We see TCFD reporting as a key part of the ecosystem of sharing reliable information on climate-related risks and opportunities.
The following entities within the Impax Group, as a result of being regulated by the UK Financial Conduct Authority (FCA), are required to publish their own separate TCFD entity-level reports pursuant to the ESG Sourcebook rules issued by the FCA. These entity-level reports, also for the 12-month Period ending 31 December 2023, should be read in conjunction with the Impax Climate Report 2024:
Additionally, we publish a separate TCFD report for Impax Environmental Markets plc, a UK-listed investment trust managed by Impax Asset Management.