WHEB Asset Management Leads with Early Adoption of ‘Sustainability Impact’ Label Under FCA’s New SDR Rules

WHEB Asset Management Leads with Early Adoption of ‘Sustainability Impact’ Label Under FCA’s New SDR Rules

(IN BRIEF) WHEB Asset Management is set to adopt the ‘Sustainability Impact’ label for its FP WHEB Sustainability Fund, making it one of the first to do so under the UK’s new Sustainability Disclosure Requirements (SDR). The fund will be renamed the FP WHEB Sustainability Impact Fund, reflecting its commitment to delivering positive environmental and social outcomes. This move underscores WHEB’s leadership in impact investing and supports transparency in sustainable finance.

(PRESS RELEASE) LONDON, 3-Sep-2024 — /EuropaWire/ — WHEB Asset Management, a leading impact investment firm in Europe, is set to become one of the first asset managers to adopt the new ‘Sustainability Impact’ label under the UK’s recently implemented Sustainability Disclosure Requirements (SDR). The label will be applied to the FP WHEB Sustainability Fund, which will be renamed the FP WHEB Sustainability Impact Fund in line with the updated regulations.

This move positions WHEB at the forefront of the sustainable finance sector, reinforcing its nearly two-decade-long commitment to generating positive environmental and social outcomes through listed equities. The adoption of the ‘Sustainability Impact’ label follows WHEB’s active involvement in the FCA’s consultation process leading up to the SDR’s introduction, aimed at combating greenwashing and enhancing transparency in sustainability reporting.

George Latham, Managing Partner at WHEB Asset Management, emphasized the importance of the new label in building trust with investors and ensuring that sustainability-focused funds deliver on their promises. Despite the challenges posed by the SDR process, Latham views the rigorous standards as a necessary step toward fostering credibility in sustainable investing.

Simon Gunson, Managing Director at Apex FundRock, expressed pride in supporting WHEB through this transition, highlighting the alignment of the ‘Sustainability Impact’ label with Apex Group’s own sustainability goals.

NOTES TO EDITORS:

About WHEB Asset Management

WHEB Asset Management are pioneering, global equity impact investors, managing ~£1.2bn for institutional and retail clients. The team, led by partners George Latham, Seb Beloe and Ted Franks, have been working in sustainable investments for over 25 years and trace the track record for the strategy back to 2005.

As positive impact investors, WHEB’s mission is to advance sustainability and create prosperity through positive impact investing for its clients and the world. WHEB believes in the fundamental connection between long-term positive change and long-term growth.

Known as ‘the impact people,’ WHEB have been investing in companies to achieve a measurable positive social/environmental impact alongside a financial return since 2005. (That’s around when ‘ESG’ was coined and a decade before the UN Sustainable Development Goals, SDGs, were created.)

As established specialist impact investors, WHEB’s equity impact strategy has been tested across market cycles and developed over the long-term by a team of highly experienced investors. Ted Franks, Fund Manager and Head of Investments was a co-founder of WHEB and is supported by a team of eight other analysts including Seb Beloe as Head of Research.

WHEB manages three funds:

• FP WHEB Sustainability Fund (OEIC)
• WHEB Sustainable Impact Fund (ICAV)
• WHEB Environmental Impact Fund (ICAV)

As a B Corp certified company, and actively engaged across influential organisations – including the Impact Investing Institute, GIIN and more – WHEB is committed to transparency and Integrity. The latest annual impact report is the 10th in a series that has garnered multiple awards and has set the standard of impact reporting in listed equities.

Investing in businesses focused on the opportunities created by the zero-carbon transition and sustainable global economy is all WHEB does – now, then and always.

More information: https://www.whebgroup.com/

About Apex Group

Apex Group is dedicated to driving positive change in financial services while fuelling the growth and ambitions of asset managers, allocators, financial institutions, and family offices. Established in Bermuda in 2003, the Group has continually disrupted the asset servicing industry through its continuous investment in innovation and talent.

Apex Group sets the pace in asset servicing and stands out for its unique single-source solution and unified cross asset-class platform which supports the entire value chain, harnesses leading innovative technology, and benefits from cross-jurisdictional expertise delivered by a long-standing management team and over 13,000 highly integrated professionals.

Apex Group leads the asset servicing industry with a broad and unmatched range of services, including capital raising, business and corporate management, fund and investor administration, portfolio and investment administration, ESG, capital markets and transactions support. These services are tailored to each client and are delivered both at the Group level and via specialist subsidiary brands.

As a pioneering data and fintech-enabled company, Apex Group is a disruptor driving digital tools into asset servicing. However, its vision to drive positive change extends beyond the industry. The Apex Foundation, a not-for-profit entity, is the Group’s passionate commitment to empower sustainable change.

www.apexgroup.com

Media Contacts

Anna Lawlor
anna.lawlor@cornerstonecomms.co.uk
+44 7983 875537

Richard Acworth
richard@cornerstonecomms.co.uk
+44 7917 080 365

Ben Larter
ben@cornerstonecomms.co.uk
+44 7825 880 830

SOURCE: WHEB