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Pax World History

Pax World was founded in 1971 by two men with a well-defined mission. Luther Tyson and Jack Corbett, who had worked on peace, housing and employment issues for the United Methodist Church, wanted to make it possible for investors to align their investments with their values. At the same time, they wanted to challenge corporations to establish and live up to specific standards of social and environmental responsibility.

Their vehicle was the Pax World Fund, the first publicly available mutual fund in America to use social as well as financial criteria in the investment decision-making process. That Fund, now called the Pax Balanced Fund, helped give birth to the Sustainable Investment industry.

Today, Pax World is at the forefront of Sustainable Investing — the full integration of Environmental, Social and Governance factors (ESG) into investment analysis and portfolio construction — which Pax World Funds President & CEO Joe Keefe calls “simply a better, smarter way to invest.”

In 2018, Impax Asset Management Group plc acquired Pax World Management LLC, investment adviser to Pax World Funds. Pax World Funds and the names of all the mutual funds in the Pax World family remain unchanged, as does our longstanding focus on sustainable investing.

In the News

September 9, 2019

Financial Times – Sharp Rise in Number of Investors Dumping Fossil Fuel Stocks

Senior Vice President for Sustainable Investing Julie Gorte weighs in on the efficacy of divestment and engagement when it comes to fossil fuels.
September 6, 2019

Business NH Magazine – Impax Named a “Best Company to Work For” for Fourth Consecutive Year

For the fourth consecutive year, Business NH Magazine has named Impax Asset Management one of the best companies to work for in the state of New […]
August 12, 2019

Financial Times – Vanguard Ditches More Than Two Dozen Stocks from ESG Funds

Senior Vice President for Sustainable Investing Julie Gorte notes the diversity of factors on which ESG ratings, like financial ratings, are based.