News | 10.26.21
Fidelity Plans to Halve CO2 in Investment Portfolios by 2030
Fidelity International unveiled plans Tuesday to halve the carbon footprint of its investment portfolio by 2030, becoming the latest in a string of fund managers to make such pledges as the industry faces growing calls to stop enabling toxic emissions. Asset managers are under pressure to use their influence as investors in the world’s biggest corporate emitters to force them to decarbonize. Money managers, including BlackRock and Vanguard, have become frequent targets of climate activists in recent years. “As a responsible investor, we must understand the carbon footprint of the portfolios we manage for our clients,” said Jenn-Hui Tan, head of stewardship and sustainable investing at Fidelity International. The idea is to “work with the companies we invest in to reduce emissions,” she added.
Read the full article on Bloomberg Green