UK wealth manager St. James’s Place (SJP) has awarded Schroders a sustainable investment mandate currently worth £5.2bn.
The allocation will be made by SJP’s Sustainable & Responsible Equity (SRE) fund to a Schroders mandate that reflects Schroders’ Global Sustainable Value Equity and Global Sustainable Growth strategies.
The allocation is expected to transition during Q1 2025.
SRE, as well as the Schroder Global Sustainable Value Equity Fund and Schroder Global Sustainable Growth Fund, all plan to adopt the Financial Conduct Authority’s (FCA) “Sustainability Focus” label as part of its Sustainability Disclosure Requirements (SDR). These labels help to differentiate sustainable products, making it easier for clients seeking sustainable outcomes to identify investment opportunities which meet their requirements.
The news follows Schroders’ announcement in December that it plans to adopt SDR labels for at least 10 funds.
