Investment management firm Fidelity International has announced the publication of its Nature Roadmap, which sets out the firm’s approach to integrating nature into its sustainable investments and stewardship processes, and makes a series of commitments, including a pledge to begin vote against companies that do not meet expectations in terms of sustainability. deforestation-related practices and disclosure from 2024 onwards.
The new voting policy follows Fidelity’s signing at the 2021 COP26 UN Climate Conference of the Financial Sector Commitment Letter on Eliminating Commodity-Driven Deforestation, pledging to use engagement and stewardship towards an effort goal to reduce forest risk-related deforestation of agricultural commodities to eliminate. investment strategy activities by 2025.
The company is also a foundation member and signatory of the Finance for Biodiversity pledge, a partnership of more than 150 financial institutions representing more than $22 trillion in assets under management, committed to protecting and restoring biodiversity through of their financing activities and investments, and to share knowledge; engage with companies before 2025, assess the impact, set goals and publicly report on these activities.
Jenn-Hui Tan, Chief Sustainability Officer, Fidelity International said:
“The loss of natural capital is a systematic risk to capital markets, and as such, prioritizing and contributing to the health and conservation of our biodiversity and ecosystems is essential.
“The launch of our Nature Roadmap, together with the application of our voting principles and guidelines on deforestation, demonstrates our commitment to preserving natural capital, setting out the approach we have taken and articulating the wide range of tools we have at our disposal have access to integrate nature into our investment and stewardship processes.”
Additional actions outlined in the roadmap included ensuring robust governance and oversight of sustainability-related issues, including nature, integrating nature into Fidelity’s ESG tools – including ESG ratings, its SDG tool, climate rating – and using external tools and data to improve the integration of nature. -related impacts, risks and opportunities, and embedding nature into the company’s sustainable investment framework, alongside policy engagement and system-wide stewardship initiatives.
“We seek to make a difference not only through direct business dialogue, but also in partnership with industry through system-wide stewardship, helping shape an enabling policy and regulatory environment that places a fair value on natural capital and ecosystem services from which we all benefit. benefit.”