Impax Environmental Markets

Impax Environmental Markets
TypePublic
LSE: IEM
Founded2002; 24 years ago (2002)
Headquarters
London
,
United Kingdom
Key peopleGlen Suarez (Chairman)
Websitewww.iemplc.co.uk

Impax Environmental Markets is an investment trust focused on environmental companies in North America, Europe and Asia. It is listed on the London Stock Exchange.

History

The fund was established in January 2002. It was named Best Environmental, Social, and Governance (ESG) Trust by ADVFN for 2020. It was co-managed by Bruce Jenkyn-Jones and Charles French of Impax Asset Management Group until the former retired, leaving French in sole position, in April 2025. The company holds regular continuation votes to confirm that shareholders wish it to continue in its current form, or to wind up.

In June 2026, Saba Capital Management, after being dissatisfied with the company's performance (50% discount to net asset value), forced the resignation of five directors and secured the appointment of five new directors. The resignations included the chairman, Glen Suarez.

References

  1. ↑ "Impax Environmental Markets". Investors Chronicle. Retrieved 26 November 2020.
  2. ↑ "ADVFN 2020 International Financial Awards". uk.advfn.com. Retrieved 4 October 2025.
  3. ↑ "Bruce Jenkyn-Jones calls time on 26-year Impax career". CityWire. 3 April 2025. Retrieved 14 August 2025.
  4. ↑ "Are you aware of your investment trust's continuation vote?". The Armchair Trader. 20 May 2025. Retrieved 14 August 2025.
  5. ↑ "Saba to takes control of second FTSE 250 board, eyes places at third". A. J. Bell. 17 June 2026. Retrieved 18 June 2026.
  6. ↑ "'The outcome has unfolded exactly as anticipated': Saba takes control of IEM". Portfolio Adviser. 18 June 2026. Retrieved 18 June 2026.
  7. ↑ "Glen Suarez". Francis Maude Associates. Retrieved 14 August 2025.