Sustainability at Fidelity

Every investment decision has potential long-term financial and societal consequences. At Fidelity we are committed to using our position to steer companies towards the right business decisions on both matters.

ESG stands for Environmental, Social and Governance. Analysing these factors can be a key way to assess the sustainability and social impact of an investment in a company or a business.

At Fidelity, we use the term ‘sustainable investing’ to encompass ESG issues and related topics in this continually evolving area as we believe that Sustainable Investing better articulates what we aspire to as asset managers and stewards of our clients’ capital, which is to aim to enhance returns and promote responsible capital allocation. Fidelity believes that high standards of corporate responsibility will generally make good business sense and have the potential to protect and enhance investment returns.

We have been a signatory to the United Nations Principles for Responsible Investment (PRI) since 2012 and are proud of our ratings across the categories assessed by PRI in 2023, below.

^{Source: Fidelity International, 2023. The assessment was made in 2023 by the PRI, based on company data as at 31 December 2022. Public RI report and Assessment Report.}

Annual Voting records

How we voted in 2023

The Sustainable Investing Team analysed 3753 company meetings during the reporting period. The tables below show a geographic breakdown of votes by region for the reporting period and an overview of how Fidelity voted on all ESG topics. Fidelity voted in support of management on all resolutions at 48.7% of the meetings that were analysed. Fidelity voted against management on one or more of the resolutions submitted at 45.2% of the meetings analysed. Fidelity did not vote its holdings at a further 3.4% of the meetings, the majority of these because they were meetings of Fidelity’s own funds.