The transition to a more sustainable global economy is already underway, and in many areas, is accelerating.

Disruption is being triggered by:

  1. Technology innovation and falling costs
  2. Regulation to incorporate the costs of social and environmental factors in business models
  3. Consumer preferences for more transparent, authentic and healthy products

A key investment opportunity of the next 20 years is to capture the benefits and avoid the risks of these trends within client portfolios. Economies are shifting from a depletive economic model in which long-term environmental and social costs are externalised for short-term gain; towards a more sustainable one in which growth is delivered with improved social and environmental outcomes. Companies on the front foot in this transition deliver economic growth via more durable business models than those unwilling or unable to adapt.

Impax has already been investing in this transition for the past 20 years, developing expertise applying our framework for market and company analysis for investors seeking superior risk-adjusted returns over the medium to long term.

Over that time, this thesis has evolved from a focus on micro/small cap stocks “Environmental Technologies” starting in the late 1990s to a broader review of all sizes of company “Environmental Markets” in 2007, and then progressing to Resource Efficiency across energy, water, waste and sustainable food in 2012.

Impax’s investment teams have delivered portfolios offering high growth listed equity strategies, added value to infrastructure portfolios by delivering completed power generation assets, and avoided the risks of incumbent, fossil fuel-based business models in both asset classes.

As the opportunity set continues to develop, Impax has expanded investment capabilities into US equities, fixed income and smart beta via the acquisition of Pax World Management earlier this year. We have also developed a proprietary “Lens” which provides a flexible tool to apply “transition thinking” of the risks and opportunities to every corner of the investable universe. This helps us take a medium to long-term view of a wide range of possible investment opportunities.

The Global Opportunities Strategy is the first Impax strategy to offer clients this broader expression of our investment thesis. We expect to continue to develop our services to clients across our wider asset class range as we look forwards to our next 20 years.

Please speak to your usual Impax contact for further information on the Global Opportunities Strategy.

Ian Simm

Founder & CEO

Ian Simm is the Founder and Chief Executive of Impax Asset Management Group plc, which in 2018 celebrated its 20th anniversary and is today one of the world’s leading investment managers dedicated to investing in the transition to a more sustainable economy.

Impax currently manages ca. £16.3 billion in listed equity, private equity and fixed income strategies, primarily for institutional owners*. In 2014, the firm became the first investment manager to win the Queen’s Award for Sustainable Development.

Prior to Impax, Ian was an engagement manager at McKinsey & Company advising clients on environmental strategy. Between 2013 and 2018 Ian was also a board member of the Natural Environment Research Council (NERC), the UK’s leading funding agency for environmental science; he is currently a member of the Steering Committee of the UK’s Green Finance Institute. Ian has a first-class honours degree in physics from Cambridge University and a Master’s in Public Administration from Harvard University.

*As at 29 February 2020

Recent blog posts

A just transition

I’m delighted to announce that Impax has signed the Statement of Investor Commitment to Support a Just Transition on Climate Change, now backed by over 130 institutions with $8trn in assets under management.

29 Apr 2019
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