United StatesUnited States Institutional Investor

Climate Strategy

Investing in listed companies with demonstrable exposure to products and services enabling mitigation of climate change or adaptation to its consequences.

Capital at risk. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Information regarding key risk considerations for this Impax strategy can be viewed here.

AUM
As of 31 December 2024
US$2,402m
Holdings
50-70
Universe
c.930 companies
Launch date
January 2018
Portfolio managers
Sanjeev Lakhani,
Jon Forster,
Fotis Chatzimichalakis

Overview

The Climate Strategy seeks to generate long term outperformance of global equities by investing in companies providing solutions to the challenges around climate change. The Climate Strategy aims to invest globally in listed companies with demonstrable exposure to products and services enabling mitigation of climate change or adaptation to its consequences and aims to invest across a diverse range of sub-sectors. The Climate universe contains companies identified as typically having ≥50% revenues according to Impax’s Climate Opportunities Taxonomy.

Compelling growth story

Provides pure play exposure to growth opportunities of companies providing solutions for the mitigation of or adaptation to climate change.

Significant net environmental benefit

Portfolio companies are aligned with the Paris Agreement and provide significant net CO2 savings.

Unrivalled experience

Building on 20+ years of investing in environmental markets, we apply a proven process and our proprietary Climate Taxonomy to identify investment opportunities.

Discrete performance (%) USD

(As of 31/12/2024)
Past performance does not predict future returns.
 2024 YTD20232022202120202019
Climate Composite (gross)-1.2614.31-24.8716.6935.0236.41
Climate Composite (net)-1.8513.63-25.3216.0634.2935.67
MSCI ACWI17.4922.20-18.3618.5416.2526.60

Figures refer to the past and that past performance is not a reliable indicator of future results. The value of investments, and the income derived from them, can fall as well as rise. Investors may get back less than invested. All data as at reporting date indicated above, unless otherwise stated. Performance is shown net of ongoing charges and portfolio costs, with net-income reinvested where applicable. Source: FactSet, Bloomberg, WM Reuters.

MSCI index is total net return (net dividend reinvested).

Data is in USD. Composite figures are presented both gross and net of management fees and include the reinvestment of all income. Impax Asset Management claims compliance with Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. Please click here for the GIPS® Disclosure for additional information on the composite.

Portfolio Managers

Sanjeev Lakhani

Portfolio Manager

Sanjeev is a co-Portfolio Manager of the Impax Climate strategy. He is also responsible for ideas generation, fundamental research and thought leadership for Impax’s Thematic and Lens strategies with a primary focus on Industrials.

Sanjeev joined Impax in 2023 from Highclere International investors, where he worked as an investment analyst and assistant portfolio manager,covering International small and mid cap stocks primarily across Industrials and Utilities. Prior to that he worked at Janus Henderson Investors as an Investment Manager across their Sustainable, Global and International strategies. Sanjeev started his career at PwC where he worked in corporate finance and qualified as a chartered accountant(ACA).

Sanjeev holds a BSc in Economics from the London School of Economics. He is a CFA Charterholder and a member of the ICAEW.

Recent Insights

Jon Forster

Senior Portfolio Manager

Jon is a co-Portfolio Manager of the Impax Specialists and Climate strategies. Specialising in new energy, water, and waste support services, he researches stocks globally with a focus on the industrials and utilities sectors.

He has been part of the Impax team for over twenty years, having first joined in 2000 from Alchemy Partners where he had spent two years providing consultancy work to their portfolio management team. He began his career in 1994 at HSBC Investment Bank working on their acquisitions team.

Jon has a bachelor’s degree in German and Management Studies from Leeds University.

Authored Insights

Fotis Chatzimichalakis, CFA®

Portfolio Manager

Fotis is a co-Portfolio Manager of the Impax Specialists and Climate strategies. Fotis researches stocks globally, focusing on the information technology and industrials sectors.

Fotis originally joined Impax as an intern in 2015, initially working in the listed equities team. He has held his current role since 2021. Prior to joining the firm, he had an internship at Barchester Green Investment.

A CFA Charterholder, Fotis also holds the Investment Management Certificate. He has a master’s degree in Civil Engineering from the National Technical University of Athens and a master’s degree in Sustainable Energy Systems from the University of Edinburgh.

Authored Insights

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Risk Warning

Capital at risk. The value of investments may go up or down and is not guaranteed.