Jupiter Asset Management has announced that the Jupiter Ecology Fund will be adopting the Sustainability Focus label...
Jupiter Asset Management has announced that the Jupiter Ecology Fund will be adopting the Sustainability Focus label, under the FCA (Financial Conduct Authority) Sustainability Disclosure Requirements (SDR) regime.
Kiran Nandra, Head of Equities at Jupiter, said: “We welcome the clarity that this new label will provide for many clients. As stewards of our clients’ capital, we have a duty to manage their assets in a transparent and responsible manner, making informed decisions and aiming to conduct effective engagement. After careful consideration of the labels, Sustainability Focus closely aligns to the Fund’s longstanding approach and client proposition.”
Jupiter Ecology has been investing since 1988 in companies focused on solving challenges of environmental degradation. It invests across the six themes of: clean energy; green mobility; sustainable oceans and freshwater systems; green buildings and industry; sustainable agriculture and land systems; and the circular economy.
Jon Wallace, the fund’s manager, said: “Our longstanding philosophy is that as environmental issues become ever more pivotal to global development, so too will environmental solutions in their marketplaces, providing a potential source of strong long-term investment returns.”
In line with the regulatory requirements, Jupiter has produced a Consumer Facing Disclosure (CFD) document which provides information on the fund’s sustainability goals and strategy. This can be viewed on our website here.
The SDR regime, which came into force on 31st July this year, allows asset managers to apply to use one of four distinct labels to denote a fund’s sustainable investment credentials. Please note that labels are for use by UK domiciled funds only, are optional and not compulsory, and ethical/responsible strategies are not in scope.
To adopt a label, as specified in the FCA rules, the asset manager must set out the sustainability objectives of a fund i.e. what it is trying to achieve and how it intends to meet these objectives, and ensure they meet the qualifying criteria on an ongoing basis.
The aim of the labels is to help individuals navigate the sustainable investment market and identify which funds are best aligned to their preferences. In addition, anti-greenwashing rules (to ensure sustainability-related claims must be fair, clear and not misleading) reinforce the FCA’s clear intention that financial products marketed as sustainable should do as they claim and have the evidence to back it up.
The Big Exchange welcomes the SDR labels which we believe complement our own methodology for assessing funds. TBE’s investment ethos is to follow the Sustainable Development Goals (SDGs) developed by the United Nations. You can read more about our methodology and process here. Although the labels are not currently applicable to the overseas funds we offer, consultations are under way to potentially bring them in scope in the future.
You can read more about the rules and who they apply to here.
Please remember that when investing, making money is not guaranteed and your capital is at risk. The value of your fund can go down as well as up. Tax treatment depends on an individual’s circumstances and may be subject to change.
This communication does not constitute investment advice. If you are unsure whether an investment is suitable for your circumstances, you should contact an independent financial advisor.
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