The Fund focuses on the opportunities created by the transition to healthy, low carbon and sustainable economies. The investment team selects high-quality companies from nine broad themes with strong growth characteristics to create a globally diversified portfolio. We develop long-term relationships with company managements to promote the best environmental, social and economic outcomes.
Animal Testing Non-Medical
The Fund does not invest in companies with activities substantially related to the provision of cosmetics where animal testing has been involved.
The Fund does not invest in companies with activities substantially related to the provision of intensive farming practices.
The Fund does not invest in companies with activities substantially related to the provision of nuclear power generation.
WHEB's investment research process looks for evidence that companies recognise the importance of good relationships with key stakeholder groups. Relations with local communities can be an important issue in certain sectors in which the fund invests, such as waste management and water utilities. WHEB looks for evidence of responsible, long-term practices and active engagement with local communities as a route to underpinning a company's long-term right to operate.
Corporate Governance Positive
A core part of the stock-level analysis includes explicit consideration of the company's governance and business ethics. WHEB considers the robustness of company risk management systems, its governance processes, the extent of any involvement in controversial issues or activities, and overall company alignment with sustainability issues and themes.
Education & Knowledge Positive
The fund seeks investment in companies providing educational products and services. Focusing on a range of sectors, the theme includes:
Corporate and professional training;
Academic publishers and providers of text-books;
Language schools; and
Providers of technology for schools.
As part of the investment research process WHEB looks for evidence that companies recognise the importance of good relationships with key stakeholder groups. For the sectors in which the fund invests, WHEB regards good employee relations, strong health and safety practices and training as often critical issues in ensuring the company is able to compete effectively in its market. These issues are examined to ensure that companies in which the fund invests in are managing them responsibly and are thereby well-placed to deliver strong financial performance.
A critical input throughout the Fund's investment process is on-going engagement with investee companies and other stakeholders such as other investors, non-governmental organizations, policy-makers, academics and regulators, in order to:
Generate additional insights into company practice or into particular issues, which in turn feed into investment decisions; and/or
Exercise influence in order to improve corporate management and performance over the long-term.
The team at WHEB actively monitors companies to satisfy themselves as to the environmental, social and governance (ESG) performance of portfolio companies. Where appropriate they enter into dialogue with company management, either through meetings or correspondence, to encourage improved performance.
Environment Climate Change Positive
The fund seeks investment in companies that offer solutions to problems of environmental sustainability including resource efficiency, cleaner energy and sustainable transport.
Environment Management Positive
In a world of growing resource scarcity and increasingly strict environmental standards, WHEB believes that effective environmental management is an essential aspect of successful company management. The process of selecting suitable investments includes a review of the quality of environmental management systems and of relevant performance information. This ensures that the fund is investing in companies that are managing their environmental impacts effectively, and positioning their businesses for a world where these issues are ever more important.