Aegon Asset Management will adopt new ‘Sustainability Focus’ labels under the Financial Conduct Authority’s Sustainability Disclosure Requirements for two of its funds.
Both the Aegon Sustainable Diversified Growth and Aegon Sustainable Equity Funds will adopt the label from the end of March 2025 following shareholder notification.
Miranda Beacham, head of responsible investment at Aegon Asset Management UK, said: “We are very pleased to see SDR gathering momentum in providing greater clarity and confidence in the market for our clients and look forward to adopting the new labels for our funds.”
Aegon said the Aegon Ethical Equity Fund, Aegon Ethical Corporate Bond Fund and Aegon Ethical Cautious Managed Fund will not have UK sustainability investment labels as they operate exclusionary screens and do not fit within the label categories defined by the FCA. However, the firm said they will be in the unlabelled with sustainable characteristics category which will result in disclosures aligned with the labelled funds to ensure transparency.
Beacham added: “Our ethical franchise, remaining unlabelled with sustainability characteristics, will continue to be entirely unambiguous in its goals, an attractive proposition to some investors looking to align their values and views on responsible investing.
“Indeed, our Ethical Investor Survey, carried out every two years ensures our funds stay aligned both to these goals, and also with societal change.”
Main image: rajovic-5RLnlS71N3g-unsplash
