The Regnan Sustainable Water and Waste Fund, managed by Bertrand Lecourt and Saurabh Sharma, has completed the requisite FCA process to use a label under the Financial Conduct Authority’s (FCA) sustainability disclosure requirements (SDR).
The ‘Sustainability Focus’ label, which will be effective from 20 December 2024, denotes that the fund invests at least 70% in assets that are sustainable for people and/or the planet, as determined using evidenced-based standards which the portfolio managers regard as wholly robust.
Regnan Sustainable Water and Waste invests in companies that provide solutions to global water and/or waste-related challenges.
The fund recently celebrated its third anniversary, with assets in the onshore vehicle approaching £200m.
Bertrand Lecourt 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.”
Sharmaadded “Naturally we are delighted to be one of the first funds to have secured a 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.”
Richard Turner, Head of UK Wholesale, commented: “We are pleased to be one of the first funds to adopt the ‘Sustainability Focus’ label. The label provides genuine clarity to our investors, and we look forward to continuing to work with our clients in helping them meet their sustainable investment objectives ever more effectively given the transparency that this brings. This builds on the momentum from the fund’s recent three-year anniversary during which we have grown assets and established an admirable track record.”
Main image: anthony-rampersad-pVHRCsd0uKI-unsplash
