Impax Asset Management manages several investment vehicles and mandates for clients under its Specialists Strategy (the “Strategy”). The methodology outlined below was applied across the Strategy.
The investment objective of the Strategy is to enable investors to benefit from growth in the markets for cleaner or more efficient delivery of basic services of energy, water and waste. Investments are made predominantly in quoted companies which provide, utilise, implement or advise upon technology-based systems, products or services in environmental markets, particularly those of alternative energy and energy efficiency, water treatment and pollution control, and waste technology and resource management (which includes sustainable food, agriculture and forestry).
This methodology paper outlines the approach we applied to measure the environmental benefits attributable to the Strategy from its investments in these companies.