Independent UK law firm Burges Salmon has advised FundRock Partners on its successful application (as authorised fund manager of the FP WHEB Sustainability Impact Fund) to adopt a Sustainability Impact Label under the FCA’s newly implemented Sustainability Disclosure Requirements (SDR) regime.
The SDR regime, implemented in July 2024, aims to improve the trust and transparency of sustainable investment products and reduce greenwashing. The FP WHEB Sustainability Impact Fund is one of the first broad based equity funds in the UK to adopt the Sustainability Impact Label and was only the second fund to announce its use of the label since the new regulations came into effect.
Burges Salmon’s Regulated Funds team advised FundRock throughout the application process, led by partner Tom Dunn and solicitor Brandon Wong. Tom comments: “The FCA’s new labelling regime has introduced a stringent approach for those fund managers seeking to adopt a label who need to demonstrate compliance and adherence to a set of high-threshold criteria. It has been extremely rewarding to work with FundRock and all its stakeholders and assist them in being one of the first to adopt a label under the new SDR regime.”
Simon Gunson, managing director of FundRock Partners, adds: “We’re grateful to the Burges Salmon team for supporting us as we aligned our fund with the new SDR regime.”