In our fifth annual Engagement and Policy Advocacy report, we summarise our activities in 2021 and outline our focus areas looking ahead.

Realising change often demands patience and persistence. Impax is committed to helping companies and policymakers navigate the transition to a more sustainable economy and, in so doing, mitigate risks and enhance opportunities for our clients. Engagement and policy advocacy are essential parts of our toolkit.

In this year’s report, we summarise the outcomes of our engagements with companies in 2021 and highlight the core issues that we continued to focus on, namely:

  • Climate change
  • Environmental issues such as pollution and resource depletion
  • Human capital issues such as diversity, equity, inclusion, environmental justice, and health and safety
  • Corporate governance

We also outline shareholder proposals that we filed or co-filed in 2021 as well as the outcomes of our proxy voting activities. Interviews discuss which areas we will continue to focus on in our long-term engagement work and why human capital has risen to the top of the engagement agenda.

* Positive outcomes are classified as “progress achieved” or “milestone achieved” as assessed by Impax against engagement objectives.

This year’s report also includes an enhanced focus on Impax’s policy advocacy work, through which we aim to support policymakers in the creation of enabling environments which will accelerate the transition to a sustainable economy.

In 2021, our policy advocacy work continued to focus on financing net zero, greening the financial
system, and nature and biodiversity loss. In the run-up to the COP26 climate summit, Impax actively contributed to commitments and calls to action that were announced in Glasgow, including the emergence of coalitions committing to ambitious action in key areas.

There is undoubtedly a growing sense of urgency towards addressing the environmental and social challenges facing the planet and its people. We continue to work to help address these challenges and improve our pricing of risks through engagement and policy advocacy activities, which we are delighted to report on here.

Lisa Beauvilain

Head of Sustainability & ESG, Executive Director

Lisa is responsible for the development and oversight of Impax’s Sustainability and Environmental, Social and Governance (ESG) analysis, including overseeing stewardship work in the Listed Equity team. She is the Chair of Impax’s ESG, Sustainability Lens and Environmental Committees and also Co-Heads Impax’s impact investment work.

Lisa joined Impax in 2010. She started working in the financial industry in 1999 and previously worked as an executive director in the Investment Management Division of Goldman Sachs in London. Lisa has also worked as an independent consultant, focusing on environmental policy research and analysis.

She is active within working groups and advisory councils relating to impact investing, water, governance and ESG standard setting with several external industry organisations.

Lisa has an MSc in Environment and Development from the London School of Economics as well as an MSc in Finance from the Hanken School of Economics, Finland.

Recent Insights

Julie Gorte, Ph.D.

Senior Vice President for Sustainable Investing

Julie Gorte is Senior Vice President for Sustainable Investing at Impax Asset Management LLC, the North American division of Impax Asset Management Group and investment adviser to Pax World Funds.

She oversees environmental, social and governance-related research on prospective and current investments as well as the firm’s shareholder engagement and public policy advocacy. Julie is also a member of the Impax Gender Analytics team.

Prior to joining the firm, Julie served as Vice President and Chief Social Investment Strategist at Calvert. Her experience before she joined the investment world in 1999 includes a various number of roles. Julie spent nearly 14 years as Senior Associate and Project Director at the Congressional Office of Technology Assessment. Additionally, she has held the roles of Vice President for Economic and Environmental Research at The Wilderness Society, and Program Manager for Technology Programs in the Environmental Protection Agency’s policy office and Senior Associate at the Northeast-Midwest Institute.

Julie serves on the boards of the Endangered Species Coalition, E4theFuture, Clean Production Action and is the board chair of the Sustainable Investments Institute.

Julie received a Ph.D. and Master of Science in resource economics from Michigan State University and a Bachelor of Science in forest management at Northern Arizona University.

Recent Insights

Chris Dodwell

Head of Policy and Advocacy

Chris is a climate change and environmental policy expert with over 25 years’ public and private sector experience. He is responsible for managing Impax’s engagement in the development of policy issues and providing insights on policy to the firm’s investment teams.

Before joining Impax in 2019 Chris worked at Ricardo Energy & Environment for eight years as Director of Climate Change, Clean Growth and Strategic Partnerships. Here he was responsible for overseeing key projects in the aforementioned areas as well as building relationships with clients in the public and financial services sectors. Prior to this he worked for 10 years at the heart of the UK Government’s work on climate change, including leading the UK’s implementation of the EU Emissions Trading System and heading the UK Delegation to the United Nations Framework Convention on Climate Change (UNFCCC). Chris began his career as a solicitor at Freshfields Bruckhaus Deringer where he worked on a variety of civil, criminal and public law litigation relating to the impact of pollution on the environment and human health.

Chris graduated with a BA Hons in Classics from the University of Cambridge in 1990 and later went on to achieve a Master of Laws in Environmental Law from University College London in 2002.

Recent Insights

Scroll to top
User Agent: Mozilla/5.0 (compatible; bingbot/2.0; +http://www.bing.com/bingbot.htm)