Fidelity International has made two senior hires in its sustainability team.
Phil Cliff joins as director, Sustainable Investing with a focus on climate integration and Aaron Hay joins as director, Sustainable Investing with a focus on ESG integration within the firm’s private credit strategies. Both will be based in London.
Cliff has 20 years experience in the industry and was previously Head of Climate at M&G Investments. Fidelity says he will work collaboratively across the business “to enhance Fidelity’s climate strategy and transition plan, driving forward the firm’s commitment to halve emissions across its investment portfolios by 2030 and reach net zero by 2050.”
This will include ensuring the firm’s reporting strategy is aligned with actions to integrate climate considerations in its investment process and Fidelity’s own journey to achieve net zero across its corporate operations by 2030.
Aaron Hay joins from Federated Hermes Limited where he was responsible for investee stewardship, sustainable and impact investment strategy and implementation, and co-managing a growing sustainable fixed income team.
He will lead the development and execution of the sustainable investing strategy for Fidelity’s private credit capabilities, collaborating closely with the firm’s investment professionals to ensure consistent, robust and effective integration of ESG throughout the investment process. He will also lead the stewardship and engagement activities for Fidelity’s private credit holdings, working closely with borrowers in a range of sectors to improve ESG outcomes.