Asset management group Impax, which specialises in impact investing, has posted its tenth consecutive quarter of inflows, saying environmental investing was not harmed by the US withdrawal from the Paris Climate Agreement.
The London-based firm reported net inflows £831 million (€939 million) for the quarter and a 17% increase in assets under management to £6.7 billion.
Ian Simm, chief executive of Impax said: “President Trump’s announcement to withdraw the US from the Paris Climate Agreement has done little to dent investor enthusiasm for investments in companies that provide solutions to environmental challenges.”
The firm has seen a 48% increase in managed assets since the start of the company’s financial year on October 1, 2016 and Impax recently reported a £2.4million profit for the end of March.
Simm added that recommendations outlined in June’s G20 task force on climate-related financial disclosures should help investors identify not only the related risks in their portfolios, but also the opportunities for strong growth in sectors exposed to the lower carbon economy.
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