Clearly, a progressive shift of economic activity towards the companies held in WHEB’s investment strategy would help limit greenhouse gas emissions to levels that are consistent with warming of no more than 1.5° Celsius. Secondly, the strategy is also invested in companies that are generally more carbon efficient than their peers within their sector. This is particularly true in the materials and utilities sectors with companies like DSM and Smurfit Kappa reporting significantly lower CO2e emissions than the materials sector average. 8 The difference is a consequence of two factors. Firstly, the strategy has no exposure to heavy carbon emitting sectors such as the energy sector. Furthermore, the strategy has much greater investment, compared to the MSCI World, in low emitting sectors such as healthcare and information technology.

https://wedocs.unep.org/bitstream/handle/20.500.11822/26895/EGR2018_FullReport_EN.pdf?sequence=1&isAllowed=yOf the GHG reductions required from 2018 emissions to achieve global warming of no more than 1.5° Celsius by 2030, the money currently invested in the WHEB strategy contributes approximately just under one basis point (0.01%) of this global annual reduction objective 5,6.

The framework shown in Figure 1 has been developed to bring together the aims, domains and sub-domains of inclusive and sustainable economies in one diagram. Prioritise areas for action – prioritise areas for action based on the above considerations ensuring that effort is targeted towards the areas of greatest need.PHE has also developed a range of other useful resources to support action on health inequalities. Those resources that are relevant to this approach are described and signposted to in Appendix 3 of the main document. Recommendations for place-based action It has become increasingly clear that COVID-19 has had a disproportionate impact on many who already face disadvantage and discrimination. A review of the disparities in risk and outcomes from COVID-19 by Public Health England (PHE) found that its impact has replicated existing inequalities and, in some cases, has increased them.

Today, climate-related financial risks are firmly on many investors’ agendas. A significant proportion of the WHEB investment strategy is invested in companies, such as IPG Photonics, which manufacture and sell products and services that help to reduce greenhouse gas (GHG) emissions. This document supports place-based action on inclusive and sustainable economies as a mechanism to reduce health inequalities through improving the health of people and communities, ensuring that economic activity is sustainable and achieving shared prosperity for all, with no one left behind. Support access to fair and good quality employment to drive new business and good quality employment opportunities locally. The inner red circle of the framework shows the 3 domains of an inclusive and sustainable economic approach, which requires action on the social, economic and environmental determinants of health. Through action across the 3 domains and 12 sub-domains, an inclusive and sustainable economy strives towards the vision detailed in the outer blue layer, consisting of:propose an inclusive and sustainable economies framework and data catalogue to support local areas to get started on, or continue to take action on this agenda More commonly referred to as impact investing, the idea is that investments can be made into companies to generate a measurable social or environmental benefit, alongside a financial return. Impact investing is gaining traction but monitoring and measuring impact remains a challenge. The following 6 steps can be used by local systems to support a place-based approach to using the inclusive and sustainable economies framework and data catalogue to identify shared priority areas for local action. We believe that the global economy is in the early stages of a major transition to a low carbon and more sustainable model. WHEB’s investment strategy is wholly-focused on listed companies that are enabling and benefiting from this transition. The Institute for Public Policy Research has predicted an increase in unemployment from 3.9% at the beginning of 2020 to 9.8% in 2021. The retail, tourism, entertainment and hospitality sectors have been the most hard-hit by the economic fall-out of COVID-19 – all of which disproportionately employ low-income workers, women, ethnic minority communities and young people.