Impax Environmental Markets Plc (IEM) 2020年年度报告「LSE」.pdf

1、Impax Environmental Markets plcAnnual Report and Accounts For the year ended 31 December 2020Impax Environmental Markets plc Annual Report and Accounts 2020CONTENTSSTRATEGIC REPORTInvestment Objective,Financial Information 1Performance Summary 1Chairmans Statement 2Managers Report 6Environmental Imp

2、act Report 10IEMs alignment to the United Nations SDGs 13Structure of the Portfolio 14Ten Largest Investments 15Details of Individual Holdings 17Investment Policy,Results and Other Information 19GOVERNANCEBoard of Directors 34Directors Report 36Corporate Governance 41Directors Remuneration Policy 44

3、Directors Remuneration Implementation Report 45Report of the Audit Committee 48Statement of Directors Responsibilities 50Independent Auditors Report 51FINANCIALSIncome Statement 55Balance Sheet 56Statement of Changes in Equity 57Statement of Cash Flows 58Notes to the Financial Statements 59INVESTOR

4、INFORMATION10 Year Financial Record 73Alternative Performance Measures 74Glossary 76Directors,Manager and Advisers 77Notice of Annual General Meeting 78ANNUAL REPORT 2020Designed and printed by PerivanImpax Environmental Markets plc|Annual Report and Accounts 2020|12019201920192019201920192019201920

5、19202020202020202020202020202020202020411.2p31.0%90.3%28.9%12.7%321.8p30.6%29.2%32.9%21.7%422.5p333.0p2.7%3.5%1,093.3m0.95%657.0m1.02%FINANCIAL INFORMATION At 31 DecemberPERFORMANCE SUMMARY2 For the year ended 31 December%ChangeInvestment objective411.2p31.0%Net asset value(“NAV”)per Ordinary ShareN

6、AV total return per Ordinary Share1422.5p28.9%Ordinary Share priceShare price total return per Ordinary Share1 2.7%12.7%Ordinary Share price premium to NAV1MSCI AC World Index31,093.3m0.95%90.3%Net assetsOngoing charges1FTSE ET100 Index3ALTERNATIVE PERFORMANCE MEASURES(“APMs”)The disclosures as indi