Fidelity International has published its annual Sustainable Investing Report 2023 entitled Nature Positive.
The report details Fidelity’s approach to sustainable investing and progress made in 2022 across key areas of ESG. Key highlights from the report include:
- Introduction of Influence Framework to identify opportunities to engage with stakeholders on systemically-important themes
- Proprietary ESG tools to support ESG integration with the roll out of climate ratings and SDG tool and ESG ratings
- Voting at 4,090 company meetings including against management 44% of the time
- Launch of Fidelity’s thermal coal thematic engagement programme designed to accelerate the phase out of thermal coal by 2030 in OECD markets and 2040 globally in line with the IEA net zero by 2050 scenario
- Fidelity’s Deforestation Framework to help meet best-efforts commitment to address the risks of commodity-driven deforestation in investment portfolios by 2025
Jenn-Hui Tan, Global Head of Stewardship and Sustainable Investing, Fidelity International says, “Despite the huge geopolitical and inflationary challenges that beset economies in 2022, sustainable investing continues to evolve at pace and our approach is evolving with it as systemic themes like nature take on greater prominence. With approximately half of global GDP either moderately or highly dependent on nature we recognise that the reversal of nature loss is critical to ensuring the long-term prosperity of the world’s global economy.”