LEI: 213800RAR6ZDJLZDND86
Impax Environmental Markets plc to adopt the SDR "Sustainability Impact" label
London, 20 November 2024 - Impax Environmental Markets plc (LSE: IEM) ("the Company"), the UK's largest investment trust focused on environmental solutions and resource efficiency, announces that it will be adopting the "Sustainability Impact" label with effect from 27th November 2024, under the FCA's new Sustainability Disclosure Requirements ("SDR").[1]
The Board has agreed with Impax Asset Management ("IAM"), the investment manager, that the investment strategy which IAM operates for the Company meets the qualifying criteria of the Sustainability Impact label. The Company remains focused on seeking sustainable, above market investment returns from companies providing innovative solutions to environmental challenges or improving resource efficiency. The Company seeks to capture and measure, and achieve, the positive environmental impact provided by its portfolio companies, rather than limiting investment opportunities to those companies delivering on specific environmental targets.
There will be no change to the investment process and the Board continues to believe that the investment process will deliver superior risk-adjusted returns over the long term, and the label illustrates the nature of the investment.
Glen Suarez, Chairman, said: "We are delighted to adopt the 'Sustainability Impact' label. In an evolving area of regulation, we have worked hard with our investment manager to review the process and requirements. We believe investors seeking exposure to the long-term structural themes of environmental solutions with a rigorous investment process will find the label attractive and observe the confidence that the Board has in those themes."
For further information contact:
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| Impax Asset Management Group plc Paul French |
+44 (0)20 3912 3032 |
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| Montfort Communications | iem@montfort.london |
| Gay Collins/Nita Shah | +44 (0) 7798 626282 |
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| Apex Listed Companies Services (UK) Limited, Company Secretary | +44 (0)20 3327 9720 |
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| Winterflood Securities Limited, Broker Neil Morgan | +44 (0)20 3100 0000 |
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[1] The 'Sustainability Impact' label identifies investment products that aim to achieve a pre-defined positive measurable impact in relation to an environmental and/or social outcome.
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