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

Global Head of Sustainability & Stewardship, Co-Head Sustainability Centre

Lisa co-heads the Impax Sustainability Centre. As the Global Head of Sustainability & Stewardship she is responsible for sustainability and stewardship in Impax’s investments and for the sustainability insights in the firm’s Beyond Financial Returns activities, such as product development and reporting. She co-chairs Impax’s Sustainability Lens committee and is a member of Impax’s Senior Leadership Team.

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.

She is actively participating in industry working groups and advisory councils furthering sustainable practices in industry organisations such as the Glasgow Financial Alliance for Net Zero (GFANZ) and the International Corporate Governance Network (ICGN). She is a member of the Nominations Board of Kemira Oyj, Finland and a former Trustee of the International Institute of Environment and Development (IIED).

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

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Julie Gorte, Ph.D.

Senior Vice President for Sustainable Investing

Julie is a leading figure in Impax Asset Management’s sustainable investing work, coordinating systemic engagement and the financial implications of integrating sustainability into investment decision-making. Julie researches the connections between sustainability and economic performance. She also tracks and develops insights into the impact of public policy on investment and communicates with public policymakers to help make public policy more favourable to sustainability and sustainable investing. Julie is a member of our Gender Analytics team and the Impax Sustainability Centre.

Prior to joining the firm, Julie headed up the social investment strategy at Calvert. She has held senior roles at the Congressional Office of Technology Assessment, The Wilderness Society, and the Environmental Protection Agency.

Julie serves on the boards of the Endangered Species Coalition, E4theFuture, Clean Production Action, the Forum for Sustainable and Responsible Investment (US SIF) and is the board chair of the Sustainable Investments Institute. She holds a Ph.D. and a master’s degree in resource economics from Michigan State University and has a bachelor’s degree in forest management from Northern Arizona University.

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Chris Dodwell

Global Head of Policy & Advocacy, Co-Head Sustainability Centre

Chris co-heads the Impax Sustainability Centre and is the Global Head of Policy & Advocacy at Impax Asset Management, a specialist investor focused on opportunities arising from the transition to a sustainable economy.

The Policy & Advocacy team is responsible for advising Impax’s investment teams on the impacts of public policy and leads the firm’s work to support the development of new policies to accelerate a net-zero, nature-positive transition.

Chris joined Impax in 2019.  Prior to joining Impax, Chris worked on climate policy for the UK Government for more than a decade, where he led the UK implementation of the European carbon trading system and the UK delegation to the international climate negotiations. Later, as Director of Climate Change at Ricardo Energy and Environment, Chris supported more than 15 countries in developing and implementing their national climate pledges under the Paris Agreement. 

Chris is an active member of the policy committees and advisory councils of industry associations including UK Sustainable Investment and Finance Association (UKSIF), Institutional Investors Group on Climate Change (IIGCC) and the Investment Association.  He is co-chair of the Transition Plan Taskforce’s asset manager working group and a Climate Change Commission for the London Borough of Hammersmith and Fulham.

Chris has a BA Hons in Classics from the University of Cambridge and an LLM in Environmental Law from University College London.

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