Fidelity International will adopt the ‘sustainability mixed goals’ SDR label for three funds within its UK domiciled multi asset range.
The three funds are Fidelity Sustainable Multi Asset Balanced Fund, Fidelity Sustainable Multi Asset Conservative Fund and Fidelity Sustainable Multi Asset Growth Fund.
The ‘sustainability mixed goals’ label, part of four labels introduced by the Financial Conduct Authority to help UK consumers navigate the sustainable investment product landscape, applies to investment products that pursue a mix of sustainability objectives and approaches from at least two of the other label categories.
Fidelity said the three funds aim to increase the value of investments over five to seven years, whereby 70% or more of the assets will invest in funds and other assets which contribute to positive environmental and/or social outcomes and funds which have the potential to contribute to positive environmental outcomes set by the Paris Agreement’s climate targets by restricting carbon emissions exposures.
Fidelity previously announced its intention to adopt the ‘sustainability focus’ SDR label for three funds within its UK domiciled equity fund range; the Fidelity Sustainable UK Equity Fund, Fidelity Sustainable Global Equity Fund and Fidelity Sustainable European Equity Fund.
Jenn-Hui Tan, chief sustainability officer at Fidelity International, said: “We believe 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 labels builds on the momentum of our previous announcement to apply the “sustainability focus” label to three of our UK domiciled equity funds.”
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