Fidelity to reduce portfolio emissions by 50% by 2030

Business also commits to ‘gradual exit’ from thermal coal

clock • 2 min read
Fidelity International global head of stewardship and sustainable investing Jenn-Hui Tan
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Fidelity International global head of stewardship and sustainable investing Jenn-Hui Tan

Fidelity International has committed to reduce CO2 emissions across its portfolio by 50% by 2030 and will introduce proprietary climate ratings to "guide this process".

The asset manager, which has total client assets of $787.1bn (£569.6bn), also committed to phasing out exposure to the thermal coal sector in Organisation for Economic Co-operation and Development countries...

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