Fidelity International has confirmed its intention to adopt the Sustainability Mixed Goals label for three funds within its UK-domiciled multi-asset range, under the Financial Conduct Authority’s Sustainability Disclosure Requirements (SDR).
The Sustainability Mixed Goals label applies to investment products that pursue a mix of sustainability objectives and approaches from at least two of the other label categories – Sustainability Improvers, Sustainability Impact and Sustainability Focus.
The three Fidelity funds – Fidelity Sustainable Multi Asset Balanced fund, Fidelity Sustainable Multi Asset Conservative fund and Fidelity Sustainable Multi Asset Growth fund – aim to increase the value of investments over a typical market cycle of five to seven years.
At least 70% of assets will invest in funds and other assets which contribute to positive environmental and/or social outcomes (Sustainability Focus), as well as funds that have the potential to contribute to positive environmental outcomes set out by the Paris Agreement’s climate targets by restricting carbon emissions exposures in line with EU Paris-aligned benchmark requirements (Sustainability Improvers).
Fidelity stated its proprietary Sustainable Development Goal tool, the EU Taxonomy, Use-of-Proceeds bonds and Paris-aligned benchmarks are to be used to establish “robust standards” that the funds will be monitored and reported against.
The investment firm previously announced its intention to adopt the ‘Sustainability Focus’ SDR label for three funds within its UK domiciled equity fund range.
Jenn-Hui Tan, chief sustainability officer at Fidelity International, commented: “At Fidelity International, we remain dedicated to supporting investors in finding innovative investment solutions, balancing both financial and sustainability requirements.
“The SDR framework plays a role in promoting transparency and consistency to our UK clients when it comes to sustainable investing, empowering investors to make informed decisions that align with their values. Our intention to adopt the ‘Mixed Goals’ SDR label builds on the momentum of our previous announcement to apply the ‘Sustainability Focus’ label to three of our UK domiciled equity funds.”
