Our sustainability framework

Ratings methodology applicable to the definition of sustainable characteristics

Sustainable characteristics are defined as issuers rated by MSCI, or in the absence of a rating from MSCI, by the Fidelity Sustainability Rating, as follows: 

• Developed market issuers with an ESG rating from MSCI of AAA - BBB
• Non-developed market issuers with an ESG rating from MSCI of AAA - BB
• Issuers with no ESG rating assigned by MSCI will be assessed by Fidelity Sustainability Ratings and are required to have an ESG rating of A - C

Global market classifications are as set out in MSCI’s Annual Market Classification Review.

Download our Sustainable Investing Principals