Global investment manager Schroders plans to adopt the UK Financial Conduct Authority’s Sustainability Disclosure Requirements (SDR) labels for three further funds. This means that the firm will be adopting all four of the SDR labels. “We believe we are the first firm to publicly confirm the intended adoption of all four SDR labels across all the funds we have sought them for,” said Anna O’Donoghue, Global Head of Product Development and Governance at Schroders. “The labels will help to differentiate our sustainable product range focused on delivering active outperformance, making it easier for clients who are seeking sustainable outcomes to identify opportunities to invest.” Under SDR rules, UK-domiciled products wanting to use certain terms – including ‘impact’ and ‘sustainability’ – in their names must comply with the terms and conditions of one of four SDR labels. The Schroder Sustainable Future Multi-Asset Fund has become the firm’s first to adopt the ‘Sustainability Mixed Goals’ label, while the Schroder European Sustainable Equity Fund is the first to take the ‘Sustainability Improvers’ label. The latter will also change its name to the Schroder European Climate Transition Fund on 24 February. The Schroder Global Cities Real Estate fund will be the firm’s 12th to adopt the ‘Sustainability Focus’ label. The three new funds take the total planned labels across the Schroders Group to 16. Schroders announced plans to adopt SDR labels for 10 funds in December, while wealth management arm Cazenove Capital set out intentions for labels for three funds earlier this month. More than 1,200 funds in the UK were expected to be affected by the SDR’s rules.
