Appointment of Non-Executive Director

RNS Number : 5251E

Impax Environmental Markets PLC

08 July 2021

 

Impax Environmental Markets plc

LEI: 213800RAR6ZDJLZDND86

08 July 2021

Impax Environmental Markets plc

Appointment of non-executive director

The Board of Impax Environmental Markets plc ("IEM", or the "Company") is pleased to announce the appointment of the Rt. Hon. Nicholas Hurd as an independent non-executive director of the Company, with effect from 1 August 2021.

Nicholas is currently Chair of Access - The Foundation for Social Investment, Chair of impact investing platform i(x) investments and is a senior adviser to a number of companies contributing to the Sustainable Development Goals. He serves on the Advisory Board of the UK Green Finance Institute and the UK Impact Investment Institute and is a Global Ambassador for the Global Steering Group for Impact Investment.

Nicholas was a Member of Parliament, representing Ruislip Northwood and Pinner for 14 years, prior to standing down in 2019. During that time, he served as a Government Minister for almost nine years in five different departments, including spells as the UK Minister of State for Climate Change and Industry, and UK Minister for International Development. His involvement in climate change policy goes back to 2004 and he has served as Chair of the Environment All Party Parliamentary Group and as a member of the Environmental Audit Committee and the Climate Change Bill Committee. He is a member of the Privy Council. Before politics, Nick spent eighteen years in the private sector, including nine years in investment management and banking. 

There is no other information required to be disclosed pursuant to LR 9.6.13 of the Listing Rules of the Financial Conduct Authority.

John Scott, Chairman of IEM said:

"Impax Environmental Markets was launched in 2000 to offer investors a route into what was then a nascent but fast growing area of global equity markets. Since then, we have delivered many years of attractive returns to our shareholders and are frequently cited as the lead investment trust in the rapidly expanding market for positive impact investments.  As we continue to develop our business, I believe that Nick will be able to bring to IEM his many years of experience within government, as the world's leading economies find themselves forced to de-carbonise in the face of an accelerating climate and resource crisis."

Nicholas Hurd said:

"The environmental crises dictate systemic change in the economic systems we have relied on. Many of the new risks and opportunities will be driven by public policy. I look forward to bringing my political and commercial experience to the Board, working on behalf of shareholders to help build on the success of Impax Environmental Markets."

Enquiries:
Montfort Communications Gay Collins, Miles McKechnie	[phone] [e-mail]
PraxisIFM Fund Services (UK) Limited Company Secretary Jenny Thompson	[phone]

 

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