At DPAM we believe that impact investing is not just an ideological choice but an economic and societal necessity. In line with the Global Impact Investing Network’s definition, we understand impact investments as those made with the intention to deliver positive, measurable social and environmental impact alongside financial returns. In this context, Fund Manager, Mathias Talmant, and Responsible Investment Specialist, Lina Arrifi, reflect on why measuring impact matters and how to do it well.

Emerging markets have long been a driver of global growth. With young and expanding populations, these economies have great potential. Yet, they also face challenges: weaker democratic institutions, unequal wealth distribution, healthcare gaps and growing environmental pressures. For investors, this means that capturing growth opportunities in these markets requires more than a traditional economic lens. At DPAM, we believe that sustainable long-term performance in sovereign debt is inseparable from a country’s ability to govern transparently, protect its citizens, safeguard the environment and manage resources responsibly.

How can investors best finance the transition? As Europe accelerates its transition to a low-carbon economy, electricity grids are crucial. Originally built for a fossil-fuel-based energy system, Europe’s power networks now require transformation so they can deliver clean energy reliably and efficiently, which demands significant investment. Without it, Europe risks bottlenecks, higher prices and missed climate targets.