The chief executive of Impax Asset Management says the London-listed group is eyeing business wins in the US, as some of its larger rivals continue to retreat from sustainable investments following Donald Trump’s return to the White House.

“A lot of asset owners are worried about their reputation and lawsuits around the topic,” Ian Simm told Financial News. “At the same time, there is a very large group doubling down on interest in this area. They see that if it’s correctly positioned, it is consistent with their fiduciary duty.”