RCS - Schroder BSC Social - Adoption of Sustainability Impact Label

Schroder BSC Social Impact TrustAnnouncement

02/12/2024 07:00

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RNS Number : 0821O  Schroder BSC Social Impact Trust  02 December 2024

Schroder BSC Social Impact Trust plc

(the "Company", the "Social Impact Trust")

 

Adoption of Sustainability Impact Label

 

The Company is pleased to confirm that it has today adopted the
"Sustainability Impact" label and will continue to be considered an "impact
fund" under the FCA's Sustainability Disclosure Requirements and investment
labelling regime. The "Sustainability Impact" label identifies investment
products that aim to achieve a pre-defined positive measurable impact in
relation to an environmental and/or social outcome.

 

Susannah Nicklin, Chair of the Board said:

 

"On behalf of the Social Impact Trust Board, I am delighted to announce that
today the Company is adopting the 'Sustainability Impact' label introduced as
part of the FCA's Sustainability Disclosure Requirements. We believe that we
are one of the first investment trusts to adopt this label since its
introduction. By applying the label, we aim to demonstrate to investors both
the rigour of our impact practice and our commitment to transparency."

 

 Portfolio Manager, Hermina Popa, Manager Director, Better Society Capital
said:

 

"The Social Impact Trust remains deeply committed to making investments
targeting the reduction of poverty and inequality. We are proud to have helped
positively impact thousands of people while delivering over £200 million in
benefits for the public through savings to government and households since
inception. We look forward to continuing our work delivering measurable social
impact for disadvantaged people across the UK."

 

Anna O'Donoghue, Global Head of Product Development, Schroders said:

 

"We firmly believe in the integrity and robustness of our wider sustainable
and impact investment approach and are pleased that Schroder BSC Social Impact
Trust PLC will be adopting the Sustainability Impact" label.  This
development will add clarity for our clients, ensuring they understand the
positive impact of their investments and help them meet their sustainable
investment objectives."

 

 Schroders
 Charlotte Banks/Kirsty Preston (press)                        020 7658 9063 / 020 7658 1961

 Natalia de Sousa/Sunny Chou

 (Schroder Investment Management Limited, Company Secretary)   020 7658 6000

 Better Society Capital
 Ian Young, PR & Media                                         iyoung@bettersocietycapital.com (mailto:iyoung@bettersocietycapital.com)

 Susanna Hudson, Investor Engagement                           shudson@bettersocietycapital.com (mailto:shudson@bettersocietycapital.com)

                                                               020 3821 5905

 Winterflood Securities Limited
 Neil Langford                                                 020 3100 0000

 

 

About Schroder BSC Social Impact Trust plc

 

The Company was launched in December 2020, to enable access to high social
impact investment opportunities in private markets - tackling social
challenges across the UK. The Company manages a diversified portfolio across
asset classes, targeting sustainable returns, demonstrable social impact, and
low correlation to traditional public markets.

 

About Better Society Capital

 

Better Society Capital is the UK's leading social impact investor. Our
mission is to grow the amount of money invested in tackling social issues and
inequalities in the UK. We do this by investing our own capital and helping
others invest for impact too.

 

Since 2012, we have helped build a market that has directed more than £10
billion into social purpose organisations tackling issues from homelessness
and mental health, to childhood obesity and fuel poverty, a more than ten-fold
increase.

 

Further information about Better Society Capital can be found
at www.bettersocietycapital.com (http://www.bettersocietycapital.com/)

 

About Schroders plc

 

Schroders is a global investment manager which provides active asset
management, wealth management and investment solutions, with £773.7
billion (€912.6 billion; $978.1 billion) of assets under management at 30
June 2024. As a UK listed FTSE100 company, Schroders has a market
capitalisation of circa £6 billion and over 6,000 employees across 38
locations.

 

Established in 1804, Schroders remains true to its roots as a family-founded
business. The Schroder family continues to be a significant shareholder,
holding approximately 44% of the issued share capital.

 

Schroders' success can be attributed to its diversified business model,
spanning different asset classes, client types and geographies. The company
offers innovative products and solutions through four core business divisions:
Public Markets, Solutions, Wealth Management, and Schroders Capital, which
focuses on private markets, including private equity, renewable infrastructure
investing, private debt & credit alternatives, and real estate.

 

Schroders aims to provide excellent investment performance to clients through
active management. This means directing capital towards resilient businesses
with sustainable business models, consistently with the investment goals of
its clients. Schroders serves a diverse client base that includes pension
schemes, insurance companies, sovereign wealth funds, endowments, foundations,
high net worth individuals, family offices, as well as end clients through
partnerships with distributors, financial advisers, and online platforms.

 

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