Fidelity's social and environmental thematic fund, Fidelity Select Environment and Alternative Energy Portfolio, invests primarily in domestic and foreign common stocks engaged in business activities related to nutrition and health, alternative and renewable energy, energy efficiency, pollution control, water infrastructure, waste and recycling technologies, or other environmental support services.
In 2018, Fidelity created and manages an ESG Investing Pilot which provides new and existing retail clients with the opportunity to customize the management of an existing retail product with select use of ten exclusionary ESG themes. This offering enables clients to pursue long-term growth potential, while aligning the portfolio with their values and preferences.
We manage certain custom portfolios for institutional investors that incorporate ESG criteria. These custom portfolios may include restrictions or exclusions for specific companies, market sectors, violators of global norms, or industry laggards as requested by our client.