Biodiversity matters. Not only does it matter for its own sake, but also because of the immense value of ecosystem services to human wellbeing.

Biodiversity has rapidly risen up the agenda for companies and investors alike. However, there is limited information about how companies are addressing biodiversity-related risks and opportunities. Nor is there consensus over how best to respond to the challenge of protecting and restoring biodiversity at the pace and scale needed.

This motivated our collaboration with independent academics from Imperial College London to find case studies where companies are investing in activities that protect nature to reduce risks and generate commercial benefits, such as supply chain resilience, cost reductions, revenue creation and commercial advantage. By shining a light on these examples, the report identifies actions that governments and companies can take to mobilise more private sector investment in service of biodiversity protection or restoration.

Executive Summary

  • Biodiversity concerns were not the primary drivers for corporate action in the cases that were examined. Aside from where they are required by regulation, actions to protect biodiversity are currently only pursued where they deliver broader corporate objectives. Motivations may be commercial – such as supply chain resilience – or related to other environmental, social and governance (ESG) objectives like ensuring a social license to operate.
  • Drivers of action are found to vary by case study. For example, in line with expectations that industries have greater incentive to invest in biodiversity conservation where they see direct benefits, sustainable sourcing emerged as a primary driver where products rely on the natural environment. By contrast, while consumer preferences can in theory yield reputational benefits, the case studies did not provide conclusive evidence of this.
  • The research highlights the limited scale of corporate action to protect biodiversity today. Building on the conclusions of the report, the report identifies actions that governments and companies should take to encourage and enable nature-positive investments, as well as areas for further research.

The original research paper, commissioned via Imperial Consultants, can be accessed on the Imperial College Business School website, here.

Nothing presented herein is intended to constitute investment advice and no investment decision should be made solely based on this information.  Nothing presented should be construed as a recommendation to purchase or sell a particular type of security or follow any investment technique or strategy.  Information presented herein reflects Impax Asset Management’s views at a particular time.  Such views are subject to change at any point and Impax Asset Management shall not be obligated to provide any notice.  Any forward-looking statements or forecasts are based on assumptions and actual results are expected to vary.  While Impax Asset Management has used reasonable efforts to obtain information from reliable sources, we make no representations or warranties as to the accuracy, reliability or completeness of third-party information presented herein.  No guarantee of investment performance is being provided and no inference to the contrary should be made.

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.

Recent Insights

Investing to address biodiversity loss

The scale of exposure to nature-related risks means investors must urgently understand the drivers of biodiversity loss and invest in ways to reduce them

1 March 2024
Climate change: the impact for investors

Reviewing the research that demonstrates the financial materiality of physical, transition and adaptation risks to companies, issuers and their investors

15 September 2023

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.

Recent Insights

Scroll to top
To get started, please select your location and investor type below.

If you are invested in Impax Funds – regardless of share class (Investor, Institutional, or Class A) or account type (individual, business or other entity) please select Impax Funds Investor as your Investor Type.

Access Impax Asset Management Limited’s Form CRS here.

Important Information

I confirm that I am an [investor_type] based in [investor_country] and that I have read and understood the important information, privacy policy and terms and conditions which govern the use of this website.

Risk Warning

Capital at risk. The value of investments may go up or down and is not guaranteed.