Fidelity International has stepped up its efforts in the ESG space with the launch of proprietary sustainability ratings on the companies within its research universe.
The new ratings will provide a forward-looking evaluation of each company's focus and trajectory on ESG-related issues, covering over 3,000 issuers in the group's equities and fixed income coverage universe. The framework separates this universe into 99 separate sub-sectors and rates issuers based on industry-specific criteria in each sector versus its peers, with ratings ranging from A to E. Marty Dropkin, global head of research, fixed income, said: "Evaluating how effectively a company serves its stakeholders in the broadest sense is integral to our investment process. "Building...
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