Sustainable investment specialists Impax Asset Management today released a trading statement for its financial year ending 30 September and the numbers suggest that the move to responsible investing is well on its way.

 The firm’s assets under management reached £20.2 billion, 34.1 percent improvement on a year-on-year basis. The figure is also the highest ever recorded by the firm.

Quarterly net inflows of £654 million accounted for 3.6 percent of opening AUM with the market movement being 7.7 percent, or £1.4 billion. On a 12 month view net inflows were 23 percent while the market made up 11 percent.

Chief executive and founder Ian Simm (pictured) said in a statement: “The Covid-19 pandemic has created a tragedy of exceptional proportions and has significantly impaired all economies around the world. Although markets have been volatile, Impax’s investment performance has remained strong, and the Company has attracted high levels of net inflows.

“The pandemic has reinforced the imperative of a transition to a more sustainable economy, while society’s response has given us an indication of what will be needed to address climate change and other challenges of sustainable development.”

Nik Lysiuk, financials Equity Research Analyst for finnCap is a fan of the firm, describing it as ‘unstoppable’. His reasoning behind his ‘buy’ recommendation is refreshingly simply. He said “Net inflows of 23 percent in the last year tells you all you need to know and I can’t see a reason for this momentum to subside.” Simple, this firm is ideally placed to capture the increasing focus on ESG funds and it should be, Impax has focused on sustainability since it started in 1998.