Fidelity called out as 'Responsible investment Leader'

Fidelity called out as 'Responsible investment Leader'

Fidelity has been included as a Responsible Investment Leader by the Responsible Investment Association Australasia (RIAA) in its landmark study launched this week. This recognises our commitment to responsible investing and attributes as an investment manager.

The Responsible Investment Benchmark Report Australia 2021 show the market for responsible investments in Australia has continued to soar in popularity to AU$1.2 trillion in 2020, with responsible investment assets growing at 15 times the rate that overall Australian professionally managed investments have grown.

The study shows that the proportion of responsible investment Assets Under Management (AUM) to total managed funds grew from 31% to 40% in 2020, despite there only being a 2% increase in all professional managed funds in Australia over the same period.

This shift is being fuelled by changing consumer expectations, strong financial performance and the rising materiality of different social and environmental issues - from climate change to racial inequity.

Investment managers committed to responsible investment and leading practice are seeing money moving across into their funds, while those with ineffective policies and poor processes are being left behind as the capital moves out. The message is clear. It’s not good enough to simply claim you’re investing responsibly. If you’re not doing it well, then there’s a high risk of losing business.

The report shows that just one quarter of investment managers in Australia are practising a leading approach to responsible investment, highlighting a continuing gap between investment managers that claim to be practising responsible investing and those that can demonstrate they are.

Katie Constance, Director, Institutional Business commented “Fidelity is delighted to be named by RIAA as a Responsible Investment Leader in their 2021 benchmark report.  It is an honour to be recognised by RIAA and reflects our continued commitment to advancing sustainable investing and promoting active ownership.”

Read the report here: https://responsibleinvestment.org/resources/benchmark-report/

 

“Fidelity is delighted to be named by RIAA as a Responsible Investment Leader in their 2021 benchmark report.  It is an honour to be recognised by RIAA and reflects our continued commitment to advancing sustainable investing and promoting active ownership.”

This document is issued by Fidelity Responsible Entity (Australia) Limited ABN 33 148 059 009, AFSL No. 409340 (“Fidelity Australia”). Fidelity Australia is a member of the FIL Limited group of companies commonly known as Fidelity International.

Prior to making an investment decision, retail investors should seek advice from their financial adviser. This is for information purposes only. Investors should obtain and consider the Product Disclosure Statements ("PDS") for before making any decision about whether to acquire any Fidelity Australia product. The PDS is available on www.fidelity.com.au or can be obtained by contacting Fidelity Australia on 1800 119 270. This document has been prepared without taking into account your objectives, financial situation or needs. You should consider such matters before acting on the information contained in this document. The issuer of Fidelity's funds is FIL Responsible Entity (Australia) Limited ABN 33 148 059 009. Details of Fidelity Australia’s provision of financial services to retail clients are set out in our Financial Services Guide, a copy of which can be downloaded from our website. This document may not be reproduced or transmitted without the prior written permission of Fidelity. 

 

© 2021 FIL Responsible Entity (Australia) Limited. Fidelity, Fidelity International and the Fidelity International logo and F symbol are trademarks of FIL Limited.

Share:
 
 

Want more insights like this?

Get our free, monthly e-newsletter bringing you valuable insights, opinion and education.

Subscribe