Announcements & Press Releases

WHEB Asset Management Client Survey

Over the past year we have seen significant growth at WHEB, as the global pandemic has accelerated interest in sustainable solutions. Since the beginning of 2020, we have added several new team members, successfully launched the WHEB Sustainable Impact Fund (ICAV) in Europe, finalised and published the ‘impact engine’ research tool and crossed the threshold of £1bn in assets under management.

WHEB would now like to hear from you, our current investors and our prospective investors. We have always tried to be as transparent and inclusive as we can be. So we want to listen to any feedback you might have for us. Please take five minutes to complete our short survey to share your experiences of working with WHEB and how you think about sustainable investments.

To show our appreciation for every completed survey response we receive, WHEB has partnered with ClimateCare to offset 100 kg of carbon dioxide equivalents (CO2e) through their Climate+Care Mixed Portfolio.

Please read on to find out more about ClimateCare, the projects that you will be contributing to by completing our survey, and how WHEB has worked with ClimateCare previously.

About ClimateCare and the Climate+Care Mixed Portfolio Projects

ClimateCare is a business that finances, develops, and manages carbon reduction projects across the world and is recognised within the industry for setting the highest standards in carbon offsetting.

Projects in Climate+Care Mixed Portfolio are specially selected to provide a mix of the highest quality emission reductions, whilst also delivering wide sustainable development impacts to local communities. Two example projects include:

Gyapa Stoves – Improving lives in Ghana

This project is creating a market for locally produced efficient cookstoves which cut emissions, reduce exposure to toxic fumes and decrease fuel bills. The project provides skilled employment for 180 manufacturers and extra income for over 600 retailers. As well as cutting more that 4 million tonnes of CO2, the Gyapa stoves project has saved households more than $165 million on their fuel bills so far.

Mr Ebrahim ‘Lucky’ Dowda, Gyapa distributor (above, left) “Every month I used to sell about 2,500-2,700 liners. Which means we manufacture about 2,700 stoves in a month. Our children are now in university through this work.”

Rahil, Gyapa retailer in Madina Market (above, right) “I sell Gyapa for 10 years now. It has improved my education and contributes to my family income. I also use Gyapa in the house.”

Bondhu Chula Stoves – Reducing Indoor Air Pollution

The Bangladesh Bondhu Foundation’s clean cookstove, the ‘Bondhu Chula’ (which loosely translates as the ‘friendly stove’), has a combustion chamber that ensures a more efficient burn – reducing fuel use. Its chimney also directs harmful pollutants out of the house, reducing indoor air pollution and improving respiratory health. The project supports livelihoods as well, training micro-entrepreneurs to produce and distribute the stoves.

Khaleq Zaman, Bangladesh Bondhu Foundation “Our unique seven-day training programme teaches entrepreneurs to produce and install stoves, as well as quality assurance, monitoring and after-sales service.”

WHEB & Carbon Offsetting

WHEB has made ambitious net zero carbon commitments of its own. This includes having 100% of the emissions produced by WHEB’s investee companies covered by net zero carbon commitments by 2030 under the Net Zero Asset Manager’s Initiative. Complementing this, is our own goal to achieve net zero carbon emissions from our business operations by 2025.

To accomplish these goals, WHEB’s primary focus is first and foremost to maximise absolute emissions reductions. Detailed policies covering how we aim to do this are available on our website, both for the strategy and within our business operations.

For residual emissions that we cannot currently reduce, due to technology or other constraints, WHEB has committed to offsetting. This represents only a small proportion of our total emissions[1].

We are acutely aware that not all carbon offsetting schemes are created equal and so we are very selective about who we work with. Since 2019, WHEB has had a policy of working only with offsetting projects that are verified to either the Gold Standard or Verified Carbon Standard. This allows us to ensure that we are using only the highest-quality carbon offsetting projects, such as those managed by ClimateCare.

[1] In 2019, WHEB offset 15 tonnes of CO2e emissions arising purely from business travel which, in normal times, is a necessary part of WHEB’s business activities.