WHEB
WHEB is a London-based boutique impact investment manager running a single global mid-cap listed-equity strategy across nine sustainability themes, distributed via three UCITS funds to retail, intermediary and institutional investors in the UK, Europe and Asia.
- Company typePrivate
- Founded1995
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What WHEB does
WHEB Asset Management is a London-based boutique impact investment manager focused exclusively on global listed equities, operating a single mid-cap equity strategy that invests in companies providing solutions to sustainability challenges across nine themes: Cleaner Energy, Education, Environmental Services, Health, Resource Efficiency, Safety, Sustainable Transport, Water Management and Well-being. The firm runs three fund vehicles — the FP WHEB Sustainability Impact Fund (UK OEIC, ~45 holdings, nine themes), the WHEB Sustainable Impact Fund (Irish ICAV, ~45 holdings, nine themes, registered for sale across the UK, most major European markets, Singapore and Hong Kong) and the WHEB Environmental Impact Fund (Irish ICAV, ~25 holdings, five environmental themes). Its investment process is supported by proprietary analytical tools, notably the Impact Engine for impact-intensity scoring, a Fundamental Quality Analysis framework combining ESG and business quality, an Interactive Impact Map for portfolio visualisation, and an Impact Calculator that quantifies associated outcomes per £1m invested.
WHEB generates revenue through management fees on assets under management across its three UCITS fund vehicles, distributing directly to retail and institutional investors, via financial intermediary platforms (financial advisers and wealth managers) and through direct institutional relationships. It is an active steward, voting at 100% of eligible company meetings and participating in coalitions including NZAMI, CA100+, GFANZ, GIIN, IIGCC and Shareholders for Change. In 2025 WHEB Asset Management was acquired by Foresight Group, with the investment team and process integrated into Foresight Capital Management; the WHEB investment strategies continue to be run by the original team under the firm's award-winning process. The firm has been a Certified B Corporation since 2016 and is regulated via Foresight Group LLP (FCA FRN 198020).
WHEB firmographics
Firmographics- Name
- WHEB
- Legal name
- WHEB Asset Management LLP
- Website
- https://whebgroup.com
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- WHEB is a London-based boutique impact investment manager running a single global mid-cap listed-equity strategy across nine sustainability themes, distributed via three UCITS funds to retail, intermediary and institutional investors in the UK, Europe and Asia.
- Ownership category
- akta.pro rank
WHEB industry classification
Industry- Product category
- Impact Equity Asset Management
- NAICS
- Environmental Consulting Services (541620)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- ESG Reporting, Disclosure & Regulatory Compliance (SFDR, EU Taxonomy, TCFD/ISSB) (FSAAALAK)
- akta.pro secondary industries
- Climate Risk Reporting & Disclosure Analytics (TCFD/ISSB, EU Taxonomy, CSRD, NAIC) (EUABALAG), Climate Finance Strategy (CapEx planning, green finance, incentives & grants) (EUABAKAG)
Keywords
Where WHEB is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
WHEB business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Fund Management Fees: WHEB generates revenue through management fees charged on assets under management across its three investment funds: FP WHEB Sustainability Impact Fund (OEIC), WHEB Sustainable Impact Fund (ICAV), and WHEB Environmental Impact Fund (ICAV). As an asset manager acquired by Foresight Group, revenue is derived from standard fund management fee structures.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Fund management fees for WHEB's investment funds |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels8 records
WHEB product offering
Product offeringCore offering
WHEB manages a single global mid-cap listed equities strategy that invests only in companies providing solutions to sustainability challenges, packaged into three UCITS fund vehicles (one UK OEIC and two Irish ICAVs) for UK and European retail, intermediary, and institutional investors. The strategy covers nine sustainability themes (Cleaner Energy, Education, Environmental Services, Health, Resource Efficiency, Safety, Sustainable Transport, Water Management, and Well-being) and is supported by proprietary impact analysis tools (Impact Engine, Impact Calculator, Interactive Impact Map) and an active stewardship programme.
Product overview
WHEB is an impact investment firm focused solely on impact investing in listed equities. The company offers three investment funds: the FP WHEB Sustainability Impact Fund (OEIC) for UK investors, the WHEB Sustainable Impact Fund (ICAV) for UK and European investors, and the WHEB Environmental Impact Fund (ICAV) as a targeted environmental version. All three funds follow the same global listed equities strategy investing across nine investment themes (four social: Education, Health, Safety, Well-being; five environmental: Cleaner Energy, Environmental Services, Resource Efficiency, Water Management, Sustainable Transport). The funds are supported by proprietary analytical tools including the Impact Engine for impact intensity assessment, an Impact Calculator for quantifying positive impact per investment amount, and an interactive Impact Map for portfolio visualization.
Differentiator
Problem solved
Functional benefit
Brands
- FP WHEB Sustainability Impact Fund (OEIC): WHEB's original fund with approximately 45 holdings, investing across nine environmental and social investment themes. A UK domiciled UCITS fund primarily designed for UK investors.
- WHEB Sustainable Impact Fund (ICAV)
- WHEB Environmental Impact Fund (ICAV)
Products and services
- FP WHEB Sustainability Impact Fund (OEIC)
Quantifiable outcome
- 88% of Scope 1 and 2 emissions associated with the Fund covered by Net-Zero Carbon targets (end 2024)
- +4 more outcomes
Companies that use WHEB
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
WHEB technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
WHEB partnerships and signals
Strategic signalPartnerships
31 partnerships are on record, tiered core and minor.
- Foresight GroupcoreForesight Group completed acquisition of WHEB Asset Management in 2025. WHEB's investment team and process became part of Foresight Capital Management. WHEB's investment strategies continue to be managed by the original investment team based on the award-winning investment process developed at WHEB. WHEB is now a part of Foresight Group, authorised and regulated by the Financial Conduct Authority.
- Access to Medicine FoundationminorWHEB is a signatory and has worked as part of an investor collaboration to promote action by pharmaceutical and related businesses since 2013.
- Asset Owner Diversity CharterminorWHEB participates in the Asset Owner Diversity Charter from 2024 to help build an investment industry with more balanced representation of diverse societies.
- B CorpscoreWHEB Asset Management has been a Certified B Corporation since 2016. George Latham is a B Corp Ambassador. Katie Woodhouse and Laura Grenier are co-leads on a Net Zero working group.
- British Standards Institute (BSI)minorWHEB has been represented on technical committees developing specifications on sustainable finance with BSI since 2019.
- Business DeclaresminorWHEB was one of the first businesses to declare support for Business Declares network in 2019, committing to urgent action on climate change.
- CFA Institute Asset Manager CodeminorWHEB is compliant with the Code which outlines ethical and professional responsibilities of organisations managing assets on behalf of clients.
- Chemical Footprint ProjectminorNGO-led initiative focused on eliminating hazardous chemicals from global supply chains. WHEB is a signatory since 2019 and involved in collaborative engagements with companies.
- ChemSec (Investor Initiative on Hazardous Chemicals)minorWHEB has been a member of ChemSec-supported IIHC since 2021 and has led engagements with Ecolab and Linde.
- City HiveminorWHEB was a founding corporate member of City Hive in 2019 and founding signatory of City Hive's ACT framework for corporate culture assessment.
- Climate Action 100+minorCollaborative engagement initiative focused on major carbon emitters. WHEB has worked with CA100+ since 2020.
- ESG AccordminorWHEB is a founding partner of the ESG Accord initiative launched in July 2023 providing compliance, education, CPD and regulatory analysis services for advisers.
- FAIRRminorWHEB joined FAIRR in May 2024. FAIRR works with over 400 investors on ESG risks and opportunities within the food sector.
- Finance for Biodiversity PledgeminorWHEB became a signatory in December 2022, calling on global leaders to protect and restore biodiversity through finance activities.
- FRC Stewardship CodeminorWHEB successfully became a signatory to the revised 2020 UK Stewardship Code in March 2022. Previously a signatory from 2012 with Tier 1 status.
- Future Fit BusinessminorSeb Beloe has been a member of the Development Council since 2019 for this strategic management tool for companies and investors.
- Glasgow Financial Alliance for Net Zero (GFANZ)minorWHEB became a member in 2021 through work with the NZAMI.
- Global Impact Investing Network (GIIN)minorWHEB has been a member and part of the Working Group defining guidance for impact investing in Listed Equities since 2021.
- Impact Investing InstituteminorWHEB is pleased to support the work of this institute working to increase awareness and interest in impact investing.
- Impact Management ProjectminorWHEB has been an active contributor since 2020. Forum for organisations to build consensus on measuring, comparing and reporting impacts.
- Institutional Investors Group on Climate Change (IIGCC)minorWHEB has been a signatory and member of the Policy Group since 2013. Active in Paris Aligned Investment Initiative and NZEI since March 2023.
- Investor Action on Antimicrobial Resistance (IAAMR)minorIn April 2024, WHEB became an investor partner of IAAMR, a coalition between Access to Medicine Foundation, FAIRR Initiative and UK Government.
- Nature Action 100minorWHEB joined in 2023 working alongside 190 investor participants to engage 100 companies in key sectors to drive corporate action to reverse nature loss.
- Net Zero Asset Managers Initiative (NZAMI)coreWHEB became a founding signatory in 2020. International group of asset managers committed to supporting net zero greenhouse gas emissions by 2050.
- Net Zero Carbon 10/20minorWHEB is a founding signatory of NZC10 in 2019, focusing on delivering absolute carbon reductions at fund level.
- Planet TrackerminorWHEB joined think tank Planet Tracker in 2024 to call on petrochemical companies to transition to safe and environmentally sound practices.
- Responsible Investment Association Australasia (RIAA)minorPengana WHEB Sustainable Impact Fund has been certified since 2017 under RIAA's Responsible Investment Certification Program.
- Science Based Targets initiative (SBTi)minorIn 2022 WHEB committed to having net zero targets verified by SBTi.
- Shareholders for ChangeminorIn April 2023, WHEB joined this European network of institutional investors involved in active engagement with corporations.
- The Big ExchangeminorWHEB joined as a founding partner in 2019. Seb Beloe is a member of the impact advisory board. FP WHEB Sustainability Impact Fund has retained its gold medal.
- UK Sustainable Investment and Finance Association (UKSIF)minorWHEB has been a member since 2009 and is regularly involved with events and initiatives including developing responses to UK Government's sustainable finance proposals.
Scale indicators9 records
Recent moves9 records
Expansion highlights5 records
WHEB competitors and assessment
Company assessmentDirect peers
- Rathbone Greenbank: UK specialist sustainable and impact investment arm of Rathbones offering bespoke portfolios and funds with a positive-impact lens for private clients, intermediaries, and charities — overlapping UK distribution and impact methodology.
- Triodos Investment Management: Values-driven asset manager offering listed-equity and fixed-income impact funds across European distribution channels, with rigorous sustainability screening and impact reporting comparable to WHEB's approach.
- Generation Investment Management: Boutique impact-led manager running global equity and credit strategies with long-term horizon and proprietary sustainability research, serving institutional clients in Europe and globally.
- Impax Asset Management: London-listed specialist asset manager focused on listed-equity strategies investing in companies providing solutions to resource scarcity, energy transition, and sustainability challenges — directly comparable to WHEB's thematic impact approach.
- Stewart Investors: Boutique sustainable and impact investing franchise within First Sentier, running global and Asia-Pacific listed-equity strategies with long holding periods and fundamental quality analysis — directly comparable philosophy.
- Liontrust Asset Management (Sustainable team): UK-listed asset manager with a large Sustainable Investment team running thematic global-equity funds (e.g., Sustainable Future, ESG) and an Impact fund family — overlapping UK intermediary and institutional channels with WHEB.
- KBI Global Investors: Boutique manager running global listed-equity strategies (notably water and clean energy themes) for institutional and intermediary clients; closely comparable thematic impact focus and fund-of-funds structures.
- Baillie Gifford Positive Change Fund: Baillie Gifford's listed-equity fund investing in growth companies delivering positive social/environmental impact, with long holding periods and concentrated portfolios — directly comparable mandate and client base.
Broad incumbents
- Pictet Group – Quest for Quality and thematic ESG equities: Swiss private bank and asset manager offering thematic and ESG-screened global equity strategies (Quest for Quality, Clean Energy, Water), competing for European institutional and intermediary impact allocations at a much larger scale.
- Nuveen (TIAA) – ESG and impact equity strategies: Large US-headquartered asset manager offering a broad range of ESG and impact-listed-equity strategies via Nuveen/TIAA, competing for institutional impact mandates globally though as part of a much wider product set.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
WHEB social profiles
Digital presenceWHEB compliance and trust
Trust signalCompliance4 records
WHEB financial estimates
Financial estimateRevenue estimate
Valuation estimate
WHEB leadership team
Management profileNumber of profiles
Profiles13 records
WHEB funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
WHEB M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about WHEB
What does WHEB do?
WHEB manages a single global mid-cap listed equities strategy that invests only in companies providing solutions to sustainability challenges, packaged into three UCITS fund vehicles (one UK OEIC and two Irish ICAVs) for UK and European retail, intermediary, and institutional investors. The strategy covers nine sustainability themes (Cleaner Energy, Education, Environmental Services, Health, Resource Efficiency, Safety, Sustainable Transport, Water Management, and Well-being) and is supported by proprietary impact analysis tools (Impact Engine, Impact Calculator, Interactive Impact Map) and an active stewardship programme.
Is WHEB a public or private company?
WHEB is a private company. It is classified as corporate owned and is currently operating.
When was WHEB founded?
WHEB was founded in 1995. It employs 11 to 50 people.
Where is WHEB based?
WHEB is headquartered in London, United Kingdom, in the Europe region.
How does WHEB make money?
One revenue line is on record: fund Management Fees.
Who are WHEB's main competitors?
Direct peers on record are Rathbone Greenbank, Triodos Investment Management, Generation Investment Management, Impax Asset Management, Stewart Investors, Liontrust Asset Management (Sustainable team), KBI Global Investors and Baillie Gifford Positive Change Fund. Broad incumbents are Pictet Group – Quest for Quality and thematic ESG equities and Nuveen (TIAA) – ESG and impact equity strategies.
Does WHEB have an API?
No public API is recorded for WHEB.
What industry is WHEB in?
WHEB's product category is Impact Equity Asset Management. Its primary akta.pro industry code is FSAAALAK, ESG Reporting, Disclosure & Regulatory Compliance (SFDR, EU Taxonomy, TCFD/ISSB), with a secondary code of EUABALAG, Climate Risk Reporting & Disclosure Analytics (TCFD/ISSB, EU Taxonomy, CSRD, NAIC). Its NAICS code is 541620 and its SIC code is 6282.