The Regnan Sustainable Water and Waste fund has become one of the first strategies to receive approval to adopt the ‘Sustainability Focus’ label under the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR), effective 20 December 2024.
The ‘Sustainability Focus’ label denotes that the fund invests at least 70% in sustainable assets for people and/or the planet, as determined using evidenced-based standards that the portfolio managers regard as wholly robust.
The fund, managed by Bertrand Lecourt and Saurabh Sharma, invests in companies that provide solutions to global water and/or waste-related challenges. The fund recently reached its third anniversary, with assets in the onshore vehicle approaching £200m.
Lecourt, senior fund manager and head of thematic investments strategies at Regnan, commented: “We wholly support the objectives of the FCA’s new SDR regime to raise the bar in terms of transparency and credibility within the industry. It ensures that the funds that market themselves as sustainable, genuinely are, and possess the requisite supporting evidence, providing reassurance to investors who are looking to meet their sustainability objectives.”
Fund manager, Sharma, added: “Naturally, we are delighted to be one of the first funds to have secured an FCA sustainability label and see it as a testament to Regnan’s heritage as a responsible investing pioneer, to the portfolio managers’ philosophy and process, and to the fund’s thematic purity.”
