Climate concerns drive big business to action - Impax

Investment opportunities in the environmental sector will continue to rise as more large corporations accelerate efforts to tackle climate change concerns, Impax Asset Management CEO Ian Simm says.

Impax says the number of companies dedicated to implementing business plans based solely on environmental products and services has increased 250% in the last five years and the trend is expected to continue.

Simm says forward-thinking companies are beginning to develop new products and services to address environmental issues such as natural resource depletion, water shortages and growing mountains of waste.

“Impax has adapted its investment approach to reflect the changing nature of environmental industries,” he says.

“Historically, we offered funds with a small and mid-sized company bias because that was where the most exciting and high growth prospects were in the sector.

“But now we are broadening our scope to include large caps, as they become significant investors in, and developers of, new environmental technologies.”

In addition, the firm is expanding its range next month, launching the IFSL Impax Environmental Leaders fund.

The fund will invest in companies actively increasing their exposure to environmental markets, with a market cap of more than $500m and those typically deriving at least 20% of revenue or at least 20% of capital invested in the environmental sector.

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