FIL Investment Management (Luxembourg) S.A.
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Climate change mitigation and adaptation
- Water and waste management
- Biodiversity
- Product safety
- Supply chain
- Health and safety
- Human rights
Climate Goals & Targets
Environmental Challenges
- Potential for style drift in securities held, resulting in holdings no longer meeting ESG criteria.
- Lack of standardized ESG evaluation methodology, leading to variations in application across funds.
- Incomplete, inaccurate, or unavailable information and data sources for evaluating sustainable characteristics.
- Subjective judgment involved in evaluating sustainable characteristics and selecting securities.
Mitigation Strategies
- Fidelity's fundamental analysts analyze environmental and social characteristics and rate them through Fidelity Sustainability Ratings.
- A minimum of 50% of the fund’s net assets will be invested in securities deemed to maintain sustainable characteristics.