Russia’s invasion of Ukraine in early 2022 sent shockwaves around global markets and has led to a devastating human cost. The economic and geopolitical impacts of the war continue to be felt.

Impax has no direct holdings in either Russian or Ukrainian equities or fixed income securities. We have also implemented a trade block on Russian and Belarusian securities across all products effective 10 March 2022. Following reviews, we have decided to extend this trade block with a review date of end of September 2023.

The direct revenue exposure to Russia and Ukraine in companies held within Impax strategies is very limited.

We have undertaken a review of clients, suppliers and vendors to Impax Asset Management Group companies to confirm compliance with sanctions and have found no areas of concern. Sanction screening is undertaken on a daily basis, and we will continue to develop our approach to encompass any new sanctions with regard to the conflict in Ukraine as they are announced.

We are also mindful of the urgency of the need to set out the prospects for fossil fuel dependent economies within a lower carbon global economy, based on the challenges these countries face as the global economy weans itself off their natural gas and oil.

The alignment of decarbonisation and energy security goals since the invasion of Ukraine has spurred policy support for clean energy across developed economies. Renewables can help deliver cheaper, more secure energy to consumers, and materially help reduce carbon emissions.

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.