Portsmouth, N.H., 11 April 2023 – Impax Asset Management (“Impax”), the specialist asset manager investing in the transition to a more sustainable global economy, today announced it received a Morningstar ESG Commitment Level of Leader.
Out of 94 asset managers evaluated, Impax was one of only eight categorized at the highest level. Designated on a range of Low, Basic, Advanced and Leader, Morningstar’s ESG Commitment is a qualitative rating that expresses Morningstar analysts’ assessments of asset managers’ determination to incorporate ESG factors into their investment processes and strategies relative to peers.
Morningstar notes, “the firm’s well-thought-out, thorough approach to sustainable investing, comprehensive and experienced resources, and strong active ownership practices earn Impax a Morningstar ESG Commitment Level of Leader.”1
Ian Simm, Founder and Chief Executive, Impax, said: “We are thrilled to be recognized by Morningstar for our commitment to investing in the transition to a more sustainable global economy. By integrating ESG thinking into all stages of our investment process, we are able to extend and enhance our search for opportunities and improve the management of portfolio risk.”
Founded in 1998, Impax is a specialist asset manager, with £40.4bn/US$48.6bn AUM as of 28 February 2023, 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 300 employees across its 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.
© 2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The Morningstar Commitment Level assessment uses a qualitative approach to evaluate various elements of the philosophy, process and resources of ESG asset managers. Each company is assigned to one of four categories: Leader, Advanced, Basic or Low. Assessment as of December 2022. Compensation was provided in order to use the designation.
Full methodology is available here: https://impaxam.com/MstarMethod/
Impax Asset Management Group plc includes Impax Asset Management Ltd, Impax Asset Management (AIFM) Ltd., Impax Asset Management Ireland Ltd, Impax Asset Management LLC, and Impax Asset Management (Hong Kong) Limited (together, “Impax”). Impax Asset Management Ltd, Impax Asset Management (AIFM) Ltd and Impax Asset Management LLC are registered as investment advisers with the U.S. Securities and Exchange Commission (“SEC”), pursuant the Investment Advisers Act of 1940 (“Advisers Act”). Registration with the SEC does not imply a certain level of skill or training.
Impax is a trademark of Impax Asset Management Group Plc. Impax is a registered trademark in the EU, US, Hong Kong, Australia and Canada. © Impax Asset Management LLC, Impax Asset Management Limited and/or Impax Asset Management (Ireland) Limited. All rights reserved.
1 “The Morningstar ESG Commitment Level – Impax” by Ronald van Genderen. ©2022, Morningstar, Inc. All Rights Reserved.