St. James’s Place has awarded a sustainable investment mandate currently £5.2bn in size to Schroders.

The allocation will be made by St. James’s Place’s Sustainable & Responsible Equity (SRE) fund to a Schroders mandate reflecting Schroders’ Global Sustainable Value Equity and Global Sustainable Growth strategies.

Schroders said that the mandate award recognised the “robustness” of its approach to delivering active and sustainable investment solutions for clients.

The allocation will seek to blend value and growth investment styles to help St. James’s Place investors get exposure to a diversified range of companies and opportunities.

SRE, alongside the Schroder Global Sustainable Value Equity Fund and Schroder Global Sustainable Growth Fund, plans to adopt the Financial Conduct Authority’s (FCA) ‘Sustainability Focus’ label as part of its Sustainability Disclosure Requirements (SDR).

“Our partnership with St. James’s Place is testament to the robustness of our active investment proposition, which has been further reinforced by meeting the FCA’s new criteria for sustainability labels across many of our funds,” said Schroders group chief executive, Richard Oldfield.

“We are grateful for the trust St. James’s Place has placed in us and look forward to working closely together to meet their investment objectives.”

Schroders co-head of equities, Alex Tedder, added: “This investment allocation by St. James’s Place underlines the quality of our active investment process and commitment to delivering sustainable outcomes for our investors.

“Clients, investors and the industry are increasingly focused on bespoke investment solutions that are able to deliver strong risk-adjusted returns together with a comprehensive commitment to sustainability.

“Our broad-based capability and commitment to active management puts us in a strong position to meet client objectives in a rapidly transforming investment environment.”

The allocation is expected to transition during the first quarter of 2025.

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