Cazenove Capital to adopt the FCA’s Sustainability Disclosure Requirements (SDR) ‘Sustainability Focus’ label across its three sustainable flagship funds
Cazenove Capital, the high-net-worth wealth management business of Schroders, announces plans to adopt the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) labels across its three sustainable flagship funds: 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 which collectively manage over £3 bn of assets1 on behalf of our clients, will adopt the ‘Sustainability Focus’ label.
We believe we are leading the way, as one of the first wealth managers to announce plans to adopt an SDR label across three funds, helping to differentiate Cazenove Capital’s sustainable multi-manager, multi-asset approach. The planned adoption of the labels across the funds is intended to give our clients confidence in the integrity and robustness of Cazenove Capital’s sustainable investment approach, and commitment to managing investments in line with their values.
Catherine Hampton, Sustainable Investment Director, Cazenove Capital, commented:
“We are delighted to announce our intention to adopt the ’Sustainability Focus’ SDR label across three sustainable flagship funds. In doing so, we hope to continue to meet our dual objective to seek positive sustainability outcomes whilst achieving strong risk-adjusted returns.”
Emilie Shaw, Sustainable Solutions Lead, Cazenove Capital, commented:
“We are proud to be one of the first wealth managers to announce the planned adoption of the sustainability labels. This milestone underscores our enduring commitment to aligning clients’ assets with their values, and solidifies our position as one of the premier choices for sustainable wealth management solutions.”
Investment funds may adopt one of four labels under SDR, which aims to improve the trust and transparency of sustainable investment and minimise the risk of greenwashing. A labelled fund must have a sustainability objective that is clear, specific and measurable using key performance indicators.
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. We believe these stringent requirements represent best practice for sustainable investing.
Today’s announcement from Cazenove Capital follows in the footsteps of Schroders who also announced in December plans to adopt SDR labels for 10 funds, reflecting the integrity and robustness of its overall sustainable and impact investment approach. This takes the total to 16 for the Schroders Group; further additional labels for Schroders funds are expected to be announced soon and full details will be communicated to investors in due course.
Anna O’Donoghue, Global Head of Product Development and Governance, Schroders, commented:
“We believe that our planned early adoption of SDR labels reflects the integrity and robustness of our sustainable and impact investment approach. 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.”
1 As at 14th December 2024
ENDS
For further information, please contact:
Estelle Bibby
Head of Marketing and Communications
+44 20 7658 3431
estelle.bibby@cazenovecapital.com
Laura Keeble
Marketing Manager
+44 20 7658 1615
laura.keeble@cazenovecapital.com
Notes to editors
About Cazenove Capital
Cazenove Capital is a leading provider of personalised wealth management services to ultra- high-net-worth and high-net-worth clients, family offices and trusts. As well as discretionary and advisory investment services, we offer wider wealth management services such as advice on philanthropy and impact investment, wealth planning, cash management, deposit-taking and lending.
As the UK’s largest manager of charitable assets, our charity team provides a range of specialised services to a wide range of endowments, foundations and other charity clients. We also work in partnership with financial advisers to provide discretionary fund management to their clients.
Cazenove Capital is a subsidiary of Schroders plc, a major FTSE 100 company. The Schroder family still own a significant percentage of the company, having founded it over 200 years ago. This enables us to take a long-term view and to continue investing in our people, systems and services to deliver the high standards that we set of ourselves and that our clients expect of us.
For more information on our ultra-high and high-net-worth business in the UK, please visit cazenovecapital.com.
Wealth Management office locations
Cazenove Capital: UK and Channel Islands. Schroders Wealth Management: Singapore and Switzerland.
Schroders Wealth Management, including Cazenove Capital, has £121.3 billion in assets under management globally across all Wealth Management offices (including Benchmark Capital, part of wealth management) as at 30 September 2024.
Further information about Cazenove Capital can be found at www.cazenovecapital.com.
Issued by Cazenove Capital which is part of the Schroders Group and is a trading name of Schroder & Co. Limited. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
When investing, your capital is at risk.
The value of your investments and the income received from them can fall as well as rise. You may not get back the amount you invested. Cazenove Capital is a trading name of Schroder & Co. Limited. Registered Office at 1 London Wall Place, London EC2Y 5AU. Registered 2280926 England. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. For your security, communications may be recorded or monitored.