Ninety One has announced that it will adopt the ‘Sustainability Impact’ label on its Global Environment Fund from 1 December.
The firm claims the fund will become one of the first to use this label under the Financial Conduct Authority’s Sustainability Disclosure Requirements (SDR) regime.
The fund is managed by Deirdre Cooper, head of sustainable equity, and Graeme Baker, co-portfolio manager.
The global equity portfolio provides exposure to the multi-decade structural growth opportunity from decarbonisation, driven by the need to transition to net zero.
The fund focuses on identifying businesses whose structural growth is driven by decarbonisation across three key pathways: renewable energy, resource efficiency and electrification.
Cooper said: “As an active, global investment manager, Ninety One’s goal is to provide long-term investment returns for its clients while making a positive difference to people and the planet.
“The Global Environment Fund’s unconstrained and focused approach, combined with a long-term investment horizon and active engagement, is a powerful way to invest in decarbonisation.
“The adoption of the ‘Sustainability Impact’ label by the Global Environment Fund is testament to our commitment to have a quantifiable carbon-saving impact, enabling the transition to a net-zero world.”
Ninety One, established in South Africa in 1991 as Investec Asset Management, is a global investment manager managing £127.4bn in assets.
The firm said it will be writing to the fund’s shareholders shortly with details of the updates to the prospectus, which are being made to align the relevant disclosures with the SDR.
The FCA’s sustainability rules for firms come into force on 2 December. However, the regulator recently offered firms flexibility and extended the deadline to next April.
The sustainability rules are designed to protect consumers by ensuring sustainable products and services they are sold are accurately described.
This will include model portfolios, customised portfolios and/or bespoke portfolio management services.
