1、Job No:25342Proof Event:6Black Line Level:2Park Communications Ltd Alpine Way London E6 6LACustomer:CavendishProject Title:Impax Environ Markets R&A 2015T:0207 055 6500 F:020 7055 6600Impax Environmental Markets plcAnnual Report and Accounts 2015Impax Environmental Markets plc Annual Report and Acco
2、unts 2015Job No:25342Proof Event:6Black Line Level:2Park Communications Ltd Alpine Way London E6 6LACustomer:CavendishProject Title:Impax Environ Markets R&A 2015T:0207 055 6500 F:020 7055 6600ContentsStrategic ReportInvestment Objective,Financial Information and Performance Summary 1Chairmans State
3、ment 2Managers Report 4Measuring our Positive Environmental Impact 7Investment Policy,Results,Viability Statement and Other Information 8Structure of the Portfolio 12Ten Largest Investments 13Details of Individual Holdings 15GovernanceDirectors Report 16Corporate Governance 20Directors Remuneration
4、Policy Report 24Directors Remuneration Implementation Report 25Report of the Audit Committee 27Statement of Directors Responsibilities 29Independent Auditors Report 30FinancialsIncome Statement 34Balance Sheet 35Statement of Changes in Equity 36Statement of Cash Flows 37Notes to the Financial Statem
5、ents 38Other information10 Year Financial Record and Financial Calendar 49Glossary 50Directors,Manager and Advisers 52Notice of Annual General Meeting 53Impax Environmental Markets plcAnnual Report 20151Strategic ReportJob No:25342Proof Event:9Black Line Level:3Park Communications Ltd Alpine Way Lon
6、don E6 6LACustomer:CavendishProject Title:Impax Environ Markets R&A 2015T:0207 055 6500 F:020 7055 6600Investment Objective,Financial Information and Performance SummaryInvestment objectiveThe Companys objective is to enable investors to benefit from growth in the markets for cleaner or more efficie