Fidelity pledges 50% reduction in emissions from investment portfolios by 2030

Also commits to ‘gradual exit’ from thermal coal

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

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, also committed to phasing out exposure to the thermal coal sector in OECD countries by 2030, and by 2040 globally. The new climate ratings...

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