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The ESG Phenomenon – UK's NOVA Wealth Obtains B Corp Certification; Cazenove, Scope

Editorial Staff

22 February 2025

NOVA Wealth
has won a mandate to oversee the investment strategy for Scope, a UK charity for disabled people.

Scope will invest in the SUTL Cazenove Charity Sustainable Multi-Asset Fund, established six years ago. It manages £2 billion ($2.5 billion) on behalf of its clients (as at 31 December 2024). The fund has recently announced its plans to adopt the FCA’s Sustainability Disclosure Requirement “Sustainability Focus” label.  

“Our aim is to deliver a financially successful and sustainable investment portfolio, while benefiting from Scope's expertise to help Schroders meet its own ambitions for inclusion and diversity,” Emily Petersen, portfolio director, sustainability and impact, Cazenove Capital, said.

Approximately one in four people in the UK are disabled. Scope works with businesses to improve disability employment and attitudes in the workplace. In addition to their investment strategy, Scope will partner with Cazenove Capital and Schroders to include disability employment in discussions with the companies they invest in and explore other opportunities for working together.