The report, Prosperity with Purpose, was released by Pengana Capital Group and written by WHEB Asset Management, the investment manager of Pengana’s sustainable impact fund.
The fund in 2018 helped to avoid 218,000 tonnes of CO2 emissions, treated 2.6 billion litres of wastewater and recycled over 49,000 tonnes of waste materials.
WHEB is a UK investment house that has run the fund for 13 years, which holds 50-70 stocks in companies that produce goods and services that address the challenges of sustainability.
WHEB has identified the challenges the world will face over the next 30 years and invests in a range of companies that provide solutions to these challenges.
Some of the investment themes included in the WHEB fund are environmental services, education, cleaner energy and resource efficiency.
In addition to the emissions and wastewater treated, the investments helped 12,600 people receive healthcare treatment and over 29,000 days of tertiary education was provided globally.
The positive impacts support seven of the UN’s sustainable development goals with a particular portfolio positioning on climate change.
The WHEB strategy helped avoid emissions of 218,000 tonnes of CO2, which is equivalent to 800 tonnes of CO2 avoided per £1 million invested. For context, Capital Global Markets investments were equivalent to an additional 200 tonnes of CO2 per £1 million invested.
Pengana Capital Group executive director Adam Myers said investors were making ESG a priority and reports such as this highlighted the difference that could make.
“This trend is growing, and investors are becoming savvier in how they assess the sustainable investment opportunities now available to them,” he said.
“The transparency that WHEB provide enables investors to make a tangible connection between their investments and the positive impact that investment can make.”
