Fidelity Investments

Fidelity Investments describes its engagement process in its engagement policy that includes sustainability themes and impact topics. The financial institution also publishes case studies describing where it has engaged successfully with investees on sustainability themes and impact topics.

The financial institutions subsidiary, Fidelity Investment Canada, is a member of Climate Action 100+ and collectively engages with its clients on the topic of climate change.

Fidelity Investments discloses the proportion of its total direct operations workforce for each employee category by gender. Furthermore, the financial institution has a policy prohibiting bribery and corruption.

In terms of its approach to senior leadership accountability, there is no evidence that Fidelity Investments assigns responsibility for sustainability to the group’s highest governing body. Moreover, the financial institution could also describe how it links the remuneration of its executive or management teams to sustainability performance criteria. While the asset manager states that it invests in companies that are promoting women, it could make a public commitment to gender equality and women’s empowerment and disclose the proportion of women in on its highest governing body as well as how it addresses any gender pay gaps. The financial institution also has an opportunity to include clear frameworks with success criteria and escalation points as part of its engagement approach on sustainability themes and impact topics with investees.

There is no evidence that Fidelity Investments discloses a target to reach net-zero financed emissions by 2050. The financial institution also has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. Additionally there is no evidence that the financial institution discloses its financing activities devoted to climate solutions and that it is committed to minimising its negative impacts or to financing regenerative solutions.

There is no evidence that Fidelity Investments has a publicly available policy statement committing it to respect human rights across its own operations. It also has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. Furthermore, to provide transparency on financial inclusivity Fidelity Investments has an opportunity to disclose the amount of investments directed towards low-income developing countries.