AllianceBernstein has adopted Financial Conduct Authority (FCA) Sustainability Disclosure Requirement (SDR) labels across two of its equity funds.

The investment firm adopted the ‘Sustainability Focus’ label on two funds in its OEIC range: the SVS AllianceBernstein Sustainable Global Equity Fund and SVS AllianceBernstein Sustainable US Equity Fund.

Evelyn Partners Fund Solutions Limited is the authorised corporate director (ACD) of the funds.

The labels will be adopted with immediate effect and investors in the funds will receive official confirmation of the change “in the near future”.

Labels under the FCA’s SDR seek to support UK consumers with navigating the market for sustainable investment products.

The Sustainability Focus label identifies investment products with a sustainability objective consistent with an aim to invest at least 70 per cent in assets that are environmentally and/or socially sustainable, determined using a robust, evidence-based standard that is an absolute measure of environmental and/or social sustainability.

Commenting on the label adoption, AllianceBernstein head of UK retail, Adam Peters, said: “We’re delighted to begin using the Sustainability Focus label for two of our OEIC funds which reflect our strategic approach to sustainable investing.

“By using the Sustainability Focus label, we can demonstrate the products’ commitment to sustainable investing, providing our clients with greater transparency and clarity, making it easier for them to identify the most relevant products for their needs.”

Evelyn Partners Fund Solutions CEO, Neil Coxhead, added: “Working in partnership with AllianceBernstein, we are delighted to have now received FCA approval for the use of SDR labels on these two funds.

“Within our role as ACD we now look forward to providing the necessary oversight and support as these labels are now adopted.”

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