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Impax wins Queen’s award

Impax wins Queen’s award

Impax Asset Management has received a Queen's Award for enterprise in sustainable development.

Impax was one of the first asset managers to create funds investing in environmental markets.

In 1999 it launched the world’s first environmental technology index (ET50) and three years later launched the Impax Environmental Markets investment trust, which now controls £388 million. The net asset value of the trust has risen by an average of 9.9% annually over the last 10 years, versus the average 8% increase in the MSCI All Countries World Index.

Impax now employs 60 people and manages more than £2.5 billion. It has also established offices in Hong Kong, New York, Washington and most recently, Portland, Oregon.

‘Impax chief executive Ian Simm (pictured) said in a statement: ‘We are honoured to receive a Queen’s Award for Enterprise. This award recognises Impax’s specialist focus, deep expertise and pioneering role since 1998 in supporting the expansion of companies and projects that are contributing to the development of a more sustainable society.’

He added: ‘With investments in a wide range of both publicly listed and privately held companies, we have provided our client base of 25 pension funds and 50 other major investors with exposure to rapidly expanding markets in energy efficiency, renewable power, water supply and treatment, waste management, and food and agriculture.'

‘By backing the most promising companies in these areas, we have been able to demonstrate to many of the world’s largest asset owners that investment in markets supported by sustainable development is fully competitive with investment in other areas.’

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