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Fidelity International

PRI reporting framework 2020

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You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » (B) Implementation: Thematic

(B) Implementation: Thematic

FI 07. Thematic investing - overview (Private)


FI 08. Thematic investing - themed bond processes

08.1. Indicate whether you encourage transparency and disclosure relating to the issuance of themed bonds as per the Green Bonds Principles, Social Bond Principles, or Sustainability Bond Guidelines..

08.2. Describe the actions you take when issuers do not disburse bond proceeds as described in the offering documents.

As an active manager, Fidelity regularly engages with investee companies on topics such as ESG and climate topics. In addition to which we also look to monitor much more closely how bonds are performing and whether they are fulfilling their covenant requirements. Where necessary we will engage issuers and sometimes push back on terms. https://fidelityinstitutional.com/en/bond-covenants-beware-of-slipping-standards-late-in-the-cycle-bee15e/#subheading_7

08.3. Additional information. [Optional]


FI 09. Thematic investing - assessing impact

09.1. Indicate how you assess the environmental or social impact of your thematic investments.

09.2. Additional information. [Optional]

As mentioned earlier in this document, in 2019 we launched our Proprietary Sustainability Ratings, where environmental and social considerations carry a considerable weight towards the final score, and we have carbon footprint data available for our range of fixed income products.  Additionally, one of the main thematic engagement we conduct is focused on enhancing corporate sustainability reporting.


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