United StatesPORTSMOUTH, N.H., December 15, 2021 – Impax Asset Management LLC, the North American division of Impax Asset Management Group and investment adviser to Pax World Funds, today announced the results of the December 2021 reconstitution of the Impax Global Women’s Leadership Index (the Index).
The Impax Global Women’s Leadership Index is the first index consisting of the highest-rated companies in the world for advancing women. Impax Gender Analytics rates companies on several factors: representation of women on the board of directors; representation of women in executive management; hiring, promotion and retention of women; transparency about gender diversity data; gender pay equity; the presence of proactive gender goals and targets; and whether they are signatories to the UN Women’s Empowerment Principles.* Companies in the Index also meet threshold environmental, social and governance (ESG) standards, and the Index excludes weapons, tobacco and fossil fuel companies.
A comprehensive list of the changes to the Index, including additions and removals, has been posted to the Impax Asset Management website. Sixty-seven securities will be added to the Index and 43 will be removed as a result of the annual reconstitution.
About Impax Asset Management
Founded in 1998, Impax is a specialist asset manager, with approximately $53.3 billion as of October 31, 2021, in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable global economy.
Impax believes that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency. These trends will drive growth for well-positioned companies and create risks for those unable or unwilling to adapt.
The company seeks to invest in higher quality companies with strong business models that demonstrate sound management of risk. Impax offers a well-rounded suite of investment solutions spanning multiple asset classes seeking superior risk-adjusted returns over the medium to long term.
Impax has approximately 225 staff across six offices in the United Kingdom, the United States, Ireland and Hong Kong, making it one of the investment management sector’s largest investment teams dedicated to sustainable development.
*A joint initiative of the UN Global Compact and UN Women
Impax Asset Management LLC, formerly Pax World Management LLC, is investment adviser to Pax World Funds.
You should always consider Pax World Funds’ investment objectives, risks, and charges and expenses carefully before investing. For this and other important information, please obtain a fund prospectus by calling 800.767.1729 or visiting www.impaxam.com. Please read it carefully before investing.
The investment techniques and decisions of the investment adviser and the Fund’s portfolio manager(s), including the investment adviser’s assessment of a company’s ESG (Environmental, Social and Governance) profile when selecting investments for the Fund, may not produce the desired results and may adversely impact the Fund’s performance, including relative to other Funds that do not consider ESG factors or come to different conclusions regarding such factors.
Investments involve risk, including potential loss of principal.
The statements and opinions expressed in media mentions are of the authors and as of the date of publication.
Copyright © 2021 Impax Asset Management LLC, formerly Pax World Management LLC. All rights reserved. Pax World Funds are distributed by Foreside Financial Services, LLC. Member: FINRA. Foreside Financial Services, LLC. is not affiliated with Impax Asset Management LLC.
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