London, 21 April 2020 – Impax Asset Management (“Impax”), the specialist asset manager investing in the transition to a more sustainable economy, has been awarded the most prestigious award for UK businesses, a Queen’s Award for Enterprise in the Sustainable Development category.
The Queen’s Award for Enterprise: Sustainable Development 2020 recognises Impax’s pioneering work improving the sustainability and ESG performance of companies, help for asset owners to quantify the environmental impact of their portfolios, contribution to policies supporting sustainable development, and the sustainability of Impax’s operations. The award noted that Impax is one of the longest established investment managers dedicated to the sustainable economy and has “catalysed very significant levels of investment” in sustainable businesses.
Impax first won a Queen’s Award for Enterprise in the Sustainable Development category in 2014. The award recognised the Group’s specialist focus, deep expertise and important role since 1998 in supporting the expansion of companies and projects that are contributing to the development of a more sustainable society. This 2014 award was valid for 5 years.
Commenting on this achievement, Ian Simm, Impax’s Chief Executive, said:
“We are honoured to receive the Queen’s Award for Enterprise in the Sustainable Development category for a second time. This represents a significant endorsement of the Impax team’s hard work over the past two decades in encouraging companies to improve their sustainability as well as supporting the growth of pioneering new sustainable businesses.”
“This Queen’s Award also endorses our belief that sustainable development can generate attractive investment returns, thereby contributing to improved financial prospects for millions of pensioners and other savers. Our work enables us to demonstrate material, positive environmental impact from our investments, and to contribute significantly to advancing the policy necessary to underpin the transition to a more sustainable economy.”
“Impax remains fully committed to the highest standards of responsible business practice and to making a contribution to the generation of positive environmental and societal impact. As a growing business, Impax is ideally placed to extend and expand its activities to promote sustainable development, through the management of a larger pool of capital, the recruitment of additional staff from diverse backgrounds, wider charitable giving and more ambitious internal environmental targets.”
Gay Collins / Louis Supple email@example.com / +44 (0)20 3514 0897
Founded in 1998, Impax is a specialist asset manager, with approximately £14.4bn (as of 31 March 2020) in both listed and real asset 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 ca. 170 staff across five offices in the United Kingdom, the United States and Hong Kong, making it one of the investment management sector’s largest investment teams dedicated to sustainable development.