Fidelity Sustainable Water and Waste Fund

Product Name

Fidelity Sustainable Water and Waste Fund

Issuer

Fidelity Investment Management (Australia) Limited

Category

Investment

Type

Fund or Trust

Target

Retail, Wholesale

Certified Since

2021

Asset Classes

International equities

Markets

Australia

Investment Approaches

Best in class screening, ESG Integration

It Includes:

  • Riaa icons 31 Sustainable water

It has some level of screening for:

  • Riaa icons 36 Armaments
  • Riaa icons 33 Fossil fuels
  • Riaa icons 35 Tobacco

It fully excludes:

  • Riaa icons 45 Genetic engineering
  • Riaa icons 50 Nuclear power

Overview

Invests globally in companies involved in the design, manufacture, or sale of products and services in connection with the water and waste management sectors.


Description


The Fund adopts a Sustainable Thematic strategy which actively seeks to select companies involved in the design, manufacture, or sale of products and services used for or in connection with water and waste management sectors, and under which a minimum of 70% of the Fund’s net assets will be invested in securities which are deemed to maintain sustainable characteristics.

Sustainable characteristics may include but are not limited to effective governance and superior management of ESG issues, and an issuer is deemed to maintain this, if it has an ESG rating which is above the minimum ESG rating threshold determined by the Portfolio Managers from time to time. 

In addition, the Fund can invest up to 30% of portfolio with low(er) but improving ESG characteristics. This framework allows the Fund to invest in companies that have received a low ESG rating by an external provider that does not reflect current or future plans to enhance their ESG policies and practices. The Portfolio Manager actively engage with these companies to understand why their rating is bad and what they can do to improve.

Sign up to learn more and get updates on ethical and responsible investing