Impax Asset Management LLC

Impax Asset Management LLC provides discretionary portfolio management primarily to registered investment companies (the Impax Funds) and to institutional separately managed accounts, including SMA arrangements for other investment advisers. The firm acts as investment manager and sub-adviser across pooled vehicles, delivering investment management in accordance with each Fund’s prospectus and negotiated SMA agreements.

Impax pursues a sustainable investing approach that integrates proprietary Corporate and Issuer Resilience Analysis into both fundamental and systematic processes, including the Impax Sustainability Lens, an Issuer Resilience Analysis for fixed income, and a Systematic Corporate Resilience Score. The firm builds thematic investment universes (for strategies such as Global Environmental Markets, Global Social Leaders and Global Women’s Leadership) and incorporates sustainability inputs into credit research, asset allocation and security selection.

Compared with many peers, Impax explicitly manages and documents portfolio management for registered investment companies while also serving other investment adviser clients via SMAs and sub-advisory arrangements (including agreements with an SEC‑registered UK affiliate). The firm’s brochure discloses specific sustainability implementation features — a fossil fuel policy that excludes exploration/production and applies a >5% revenue threshold for other fossil-fuel activities, a proprietary gender‑leadership scoring process with a market‑cap screening threshold for its Global Women’s Strategy, and fixed‑income tools such as a five‑tier Sustainability Tier Framework and an impact‑bond target (e.g., a goal to invest at least 40% of Core/Plus allocations in impact bonds).