MEDIA RELEASE: For the third year in a row, Fidelity International has achieved top ratings across every assessed category in Principles for Responsible Investment’s (PRI) annual assessment.
PRI rated Fidelity International A+ across seven investment categories, including Fidelity’s equity and fixed income offerings, as well as its strategy and governance activities.
Paras Anand, Chief Investment Officer, Asia Pacific, at Fidelity International says: “It is a great honour to be recognised as a best-in-class sustainable investor from the most recognised organisation in this space. It reflects Fidelity’s continued commitment to advancing sustainable investing and promoting active ownership.”
Jenn-Hui Tan, Global Head of Stewardship and Sustinable Investing, adds: ”At Fidelity International, we have developed an approach to sustainable investing that is built on integrated ESG analysis, engagement and collaboration. Each of these elements is designed to enhance returns from our clients’ investments and encourage our investee companies to meet their ESG goals. I am proud to see our achievements in this space being recognised by the UNPRI.”
Since 2012, Fidelity International has been a signatory to the Principles for Responsible Investment (PRI), a leading organisation supported by the United Nations that promotes the integration of Environmental, Social and Governance (ESG) issues into investment decision making and ownership practices. As a signatory, the firm is required to submit an annual report detailing how it is incorporating ESG into its investment analysis across asset classes. You can read the full report for here.
About Fidelity International’s integrated ESG investment process
Environmental, social and governance (ESG) analysis is integral to Fidelity’s investment process. Studies show that sustainability factors, from climate risk to worker welfare and executive pay, can have a material impact on long-term profitability and, in turn, investor returns.
Fidelity has therefore integrated ESG considerations across our investment franchises and formalized this in 2019 with the creation of our own fundamentally-driven proprietary sustainability ratings. These ratings are informed by our extensive research capabilities and regular access to corporate management teams, to provide a forward-looking evaluation of a company’s focus and trajectory on ESG-related issues across our entire investment universe. The ratings framework divides this investment universe of more than 4,000 companies into 99 subsectors, each with industry-specific criteria against which the issuer is assessed relative to its peers, using an A to E rating. Our proprietary ratings focus on the core sustainability topics for each sector, explicitly tying these to our investment decision-making. Critically, these forward-looking ratings also link directly to our active engagement policy.