UK-based wealth manager Cazenove Capital intends to adopt the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) labels across three sustainable funds. The funds – which collectively manage more than £3 billion (US$3.7 billion) of assets – will all use the ‘Sustainability Focus’ label. Two of the funds – the SUTL Cazenove Sustainable Growth Fund and the SUTL Cazenove Sustainable Balanced Fund – serve private clients, while the third – the SUTL Cazenove Charity Sustainable Multi-Asset Fund – is available to charities. The ‘Sustainability Focus’ label requires a minimum of 70% of the assets within the fund to contribute to a sustainability objective, and no assets can be held that conflict with the sustainability objective. Parent company Schroders announced plans to adopt SDR labels for ten funds in December, with eight adopting the ‘Sustainability Focus’ label and two targeting the ‘Sustainability Impact’ label. The Cazenove announcement takes the group’s total to 16. “We believe that our planned early adoption of SDR labels reflects the integrity and robustness of our sustainable and impact investment approach,” said Anna O’Donoghue, Global Head of Product Development and Governance at Schroders. “The labels will help to differentiate our sustainable product range, making it easier for clients who are seeking sustainable outcomes to identify opportunities to invest. We are appreciative of the FCA’s ongoing collaboration and we continue to liaise closely with them as we work through the regulatory process across other relevant Schroders funds.” Cazenove Capital serves private individuals, family offices, trusts, institutions and charities. Schroders Wealth Management, including Cazenove Capital, has £121.3 billion in AUM globally.
