Greenwheel’s remit is to advise, support and provide an independent challenge to Redwheel’s investment teams with research, sustainability strategy and client perspectives at each stage of the product lifecycle for the Enhanced Integration, Transition and Sustainable funds, the firm said in a statement.

Tord Stallvik, CEO of Redwheel said: “Whilst ESG is already fully integrated across all teams, we wanted to provide further support and challenge as part of creating industry-leading sustainable solutions that meet the demands of our clients. Greenwheel helps us do this.”

Redwheel investment teams will commission research from Greenwheel throughout the product lifecycle to complement their own analysis and to inform engagement with investee companies, the firm said.

Stephanie Kelly, who joined Redwheel from abrdn last year, will become head of Greenwheel to lead a team of experts with experience from within and outside the asset management industry. 

This includes newly-appointed Jessica Wan to lead social research and Paul Drummond to lead climate and environment research. Anna Polise joined in 2022 as climate research analyst, the firm continued.

Kelly said: “A key attraction for me in joining Redwheel last year was the commitment to integrating insight into the way sustainable investment decisions are made and to build products that are highly authentic and have integrity. Our work partnering with the Redwheel investment teams is already underway with some really exciting projects in the pipeline this year.”

The Greenwheel team will work alongside Chris Anker, Redwheel’s head of sustainability. Anker leads the development and operationalisation of the firm’s sustainability policies and provides day-to-day support for ESG integration, stewardship and reporting across the firm’s funds.

With more than 150 people, including 56 dedicated investment professionals, Redwheel has offices in London, Miami, and Singapore.