Impax Impact Report 2025

Measuring impact from environmental and social investment opportunities
Welcome to our latest annual Impact Report. We continue to build on the evolution of our measurement and reporting of impact associated with our investee companies. We are delighted to demonstrate this commitment – for the 11th year – again here.
The transition to a more sustainable economy has remained fundamental to our investment thesis since we were founded in 1998. Targeting the opportunities arising from this transition, we have developed and evolved detailed classification systems, or taxonomies, to identify activities and companies that provide solutions to environmental and, more recently, social challenges.
Through their products and services, many of these companies deliver positive impacts. It is those impacts that we report here, based on company reporting and our own in-depth analysis.