Schroders’ high net worth wealth management business Cazenove Capital is to adopt the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) labels across its three sustainable flagship funds.

The funds to adopt the labels are the SUTL Cazenove Charity Sustainable Multi-Asset Fund for charity clients, and both the SUTL Cazenove Sustainable Growth Fund and the SUTL Cazenove Sustainable Balanced Fund for private clients.

These funds collectively manage more than £3bn of assets on behalf of Cazenove Capital’s clients and will adopt the ‘Sustainability Focus’ label.

Cazenove Capital said it believed it was leading the way as one of the first wealth managers to announce plans to adopt SDR labels across three funds.

It added that the planned adoption aimed to give its clients confidence in the integrity and robustness of Cazenove Capital’s sustainable investment approach and commitment to managing investments in line with their values.

The ‘Sustainability Focus’ label requires a minimum of 70 per cent of the assets within the fund to contribute to a sustainability objective, and no assets can be held that conflict with the sustainability objective.

“We are delighted to announce our intention to adopt the ’Sustainability Focus’ SDR label across three sustainable flagship funds,” commented Cazenove Capital sustainable investment director, Catherine Hampton.

“In doing so, we hope to continue to meet our dual objective to seek positive sustainability outcomes whilst achieving strong risk-adjusted returns.”

Schroders global head of product development and governance, Anna O’Donoghue, added: “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.”

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