Fidelity International to hold investee companies to higher standards on climate change and gender diversity

Will vote against management of companies that ‘fall short’

Fidelity International has introduced new global policies on climate change and gender diversity that will see it increasingly hold investee companies to account on environmental and social issues which require “urgent and significant improvement”.

The asset manager set out the new policies in its Sustainable Investing Voting Principles and Guidelines published today (26 July), stating that it will "not support boards where companies do not meet our expectations". On the issue of climate change, Fidelity said that it expects the companies it invests in to take action to manage climate change impacts and reduce their greenhouse gas emissions, and also make "specific and appropriate disclosures" around emissions, targets, risk management and oversight. Fidelity International to give employees with family care duties extra annual l...