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Fidelity International

PRI reporting framework 2020

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(B) Implementation: Thematic

LEI 07. Types of sustainability thematic funds/mandates

07.1. Indicate the type of sustainability thematic funds or mandates your organisation manages.

07.2. Describe your organisation’s processes relating to sustainability themed funds. [Optional]

The Fidelity Funds (FF) Sustainable Water & Waste Fund is a thematic Environmental, Social, and Governance (ESG) fund that seeks to deliver long-term capital growth over the market cycle by investing globally in companies involved in the design, manufacture, or sale of products and services in connection with the water and waste management sectors. It invests across the water and waste value chains, including in companies developing new technologies to meet the ever-growing demand for such products and services.

The Portfolio Manager (PM), Bertrand Lecourt employs a distinctive, replicable bottom-up investment process, focusing on quality and growth, with an overarching emphasis on sustainable investments. It is a research-driven approach involving fundamental research, leveraging on Fidelity’s proprietary research and additional market data.

The FF Sustainable Water & Waste Fund believes that water and waste management related investments are driven by long-term mega trends and should potentially generate strong long-term investment returns. The PM aims to profit by achieving a long-term view of company fundamentals using substantial internal and external resources to analyse the profit drivers of each company by region, division and product. The PM also believes that by investing in companies which operate with high standards of corporate responsibility and overall ESG objectives, the fund can further protect and enhance investment returns for our clients.