How can investors see the reality of ESG profiles around the world in complex industries like logistics?
How can investors see the reality of ESG profiles around the world in complex industries like logistics?
Fidelity’s engagement with China’s ZTO Express delivery company began in 2019. Analyst and portfolio manager Terence Tsai worked with ZTO to improve its ratings with third party agencies which were judging the company without recognising local business differentiation.
That engagement led to ZTO’s first English language ESG report – an action that saw others in the highly competitive Chinese logistics industry follow suit – as well as a ratings upgrade with one of the agencies.
