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Fidelity International

PRI reporting framework 2020

Export Public Responses

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Governance and human resources

SG 07. RI roles and responsibilities

07.1. Indicate the internal and/or external roles used by your organisation, and indicate for each whether they have oversight and/or implementation responsibilities for responsible investment.


Select from the below internal roles

          Heads of Research,

Other description (1)

          CIO - Asset Management Asia Pacific

07.2. For the roles for which you have RI oversight/accountability or implementation responsibilities, indicate how you execute these responsibilities.

Board members - we provide our board with half-year and full-year reports updating them on the progress, new initiatives and results of our ESG and proxy voting practices.


CIO - Asset Management Asia Pacific - oversight over our proxy voting policies and high impact ESG initiatives and is regularly updated accordingly.

Global Chief Investment Officer (Equity & Fixed Income) - high impact ESG initiatives and is regularly updated accordingly.

Heads of Research - our Global Head of Research has oversight and final approval over our ESG research and external vendor requirements. Our heads of research have input into the implementation of external ESG research into our research management systems. Additionally, the Heads of Research have worked closely with the Sustainable Investing Team during 2019, to develop the methodology of Fidelity Proprietary Sustainability Ratings, which at 2019 year end covered more than 3000 issuers.

Portfolio Managers - Our portfolio managers are active in analysing the potential effects of ESG factors when making investment decisions. Additionally, those Portfolio Managers that manage a Sustainable Family need to adhere to stringent portfolio construction rules with regards to exclusion and ESG integration.

Analysts - The cornerstone of our investment approach is bottom-up research. As well as studying financial results, our portfolio managers and analysts are dedicated to carrying out additional qualitative analysis of potential investments. They visit companies in person, examining everything that could have an effect on business, from the shop floor to the boardroom. Customers and suppliers also come in for scrutiny. In this way we can develop a 360-degree view of every company in which we invest and ESG factors are regularly considered in this research process. Fidelity Analysts are now also responsible for completing the Sustainability Rating for their coverage companies. As of the end of 2019, our Analysts rated more than 3000 issuers based on their ESG profile.

Sustainable Investing team - Although our analysts have overall responsibility for analysing the environmental, social and governance performance of the companies and buildings in which we invest, we also have a dedicated global Sustainable Investing team. These individuals work closely with the business and investment management teams globally across all asset classes and coordinate ESG training for these teams (including analysts, portfolio managers, and investment directors, directors of research, the library team, as well as the institutional, sales and marketing teams). The specialists ensure that our investment team have direct access to ESG research and ratings, report on our progress with ESG, and engage directly with our investee companies on ESG risks and opportunities.


07.3. Indicate the number of dedicated responsible investment staff your organisation has.

10 Number

07.4. Additional information. [Optional]

At the end of 2019 we had 10 individuals globally. Currently, we have 14 individuals globally (sitting in London, Amsterdam, Singapore, Hong Kong and Tokyo) who are responsible for monitoring ESG issues in our investee companies. Our analysts and PMs are also active in analysing the potential effects of these factors when making investment decisions, this forms part of their overall investment management responsibilities.

SG 07 CC. Climate-issues roles and responsibilities (Private)

SG 08. RI in performance management, reward and/or personal development (Private)