Sustainable, Responsible &/or ESG Policy:

The fund / strategy focuses on the management of climate related risks. The fund / strategy aims to favour issuers with the lowest carbon profiles within their sectors, encouraging a transition towards a greener environment through the selection of issuers on an improving carbon transition path, and investing in carefully selected green bond issuers. The fund / strategy aims to be proactive in dealing with climate change through continual engagement with global corporate bond issuers. Controversies involving environmental characteristics are regularly monitored. Environmental characteristics are analysed by our fundamental analysts and rated through Fidelity ESG Ratings. The fund / strategy seeks to promote these characteristics by adhering to the Fidelity Sustainable Family Framework.

The fund will aim to have a lower carbon footprint compared to that of the broader market.

Fidelity’s Sustainable Climate Bond Fund aims to:

• Enable real world emissions reduction driven by research-led issuer selection.
• Enable decarbonisation and alpha generation - the fund has a dual focus on climate and financial return objectives.
• Be consistent with the Paris Agreement.
• Encourage decarbonisation through engagement with companies.
• Provide investors with access to a Fixed Income Team with strong credentials managing global investment grade credit.

Additionally, in line with the Fidelity Sustainable Fund Family, the fund applies broader ESG exclusions:

• The fund excludes companies involved in the production and/or distribution of controversial weapons, the use of which is prohibited by international treaties or conventions (including cluster munitions, landmines, biological weapons, chemical weapons, blinding laser weapons, incendiary weapons, non-detectable fragments) and nuclear weapons for non-signatories of the Treaty on the Non-Proliferation of Nuclear Weapons.
• The fund also excludes issuers which the Portfolio Managers consider having failed to conduct their business in accordance with accepted international norms, including as set out in the United Nations Global Compact (UNGC).
• The fund employs further exclusions for production and/or distribution of tobacco, weapons and thermal coal, arctic oil and gas and oil Sands, and may employ further exclusions at the discretion of the Portfolio Managers.

Process:

Our investment process draws on our long-standing experience managing fixed income portfolios combined with a proactive management of climate related risks. The Investment Grade (IG) investment process at Fidelity is designed to ensure that the best investment ideas are identified and incorporated efficiently within client portfolios. In order to successfully deliver performance, Fidelity adopts a team-based approach which combines the strengths and skills of four separate disciplines - portfolio management, credit research, quantitative research, and trading. The Fixed Income Team also draws upon the research of our Equity and Markets Research Team as well as our Sustainability Team. These professionals offer unique insight into companies, the economy and markets. The key steps in the investment process applicable to this fund are described below:

Idea generation

Our investment process is built on the strength of our research platform. We blend fundamental credit, quantitative and trading inputs to build a holistic view of any prospective holding. We have a collaborative team environment in which everyone is encouraged to express views and challenge ideas.

The three inputs into our idea generation process combine to give ideas a Relative Value (RV) which then feeds into the portfolio construction process.

i) Credit research

Our 36* global credit analysts each cover a sector across the ratings spectrum from investment grade through to high yield. They are ultimately responsible for the rating given to their securities and will incorporate views on an issuer’s climate credentials in their analysis. This enables the identification of sector trends at the earliest opportunity, and to also pinpoint potential 'rising stars' (companies likely to move from high yield to investment grade) and 'falling angels' (investment grade companies likely to be downgraded to high yield territory). The analysts collaborate with equity research, ESG analysts and macro research to develop a more holistic understanding across the capital structure.

Investment ideas from our Credit Team are communicated and prioritised using our RV scoring methodology. Each analyst screens their universe to determine which companies receive which level of coverage (alpha, beta, or credit bench).

The credits are analysed and compared across sectors and are each awarded a Fundamental Rating (a forward-looking assessment of credit fundamentals), a Fundamental Outlook, and an RV score (1 Buy - 5 Sell). ESG is also taken into account at this stage. ESG is embedded into our investment research process and is carried out at the fundamental research analyst level. Established in 2019, the Fidelity's proprietary ESG Ratings is designed to generate a forward-looking and holistic assessment of a company’s ESG risks and opportunities, based on sector-specific key performance indicators across approximately 130 subsectors (previously: 99) individual and unique sub-sectors.

*Source: Fidelity International, as at 31 March 2024. Excludes investment graduates and includes Toronto-based analysts, who are part of Fidelity Canada Investment Management (FCIM). FCIM is an affiliated entity of FIL Limited.

ii) Quantitative research

Our 6* strong quantitative research team has developed in-house models to generate relative value trade ideas, tools to help screen the universe, and automated emails to flag behavioural changes in company metrics or changes in bond valuations versus equity or Credit Default Swap (CDS) pricing.

iii) Trading

The 21* fixed income traders that make up the team are organised into groups of sector specialists. They ensure efficient and low-cost execution, in addition to providing idea generation based on their market knowledge and experience. The trader’s participation in any pre-trade discussion is vital, as they will know where to source (or find bids) for bonds and will offer alternative trade ideas if the proposed trade pricing becomes prohibitive. They also help the credit analyst determine the RV rating for each bond.

While the credit analysts, quantitative analysts and traders all have responsibility for their respective inputs into the stock selection process, they will discuss their ideas with the Global Investment Grade Team, who have ultimate responsibility for inclusion of any credit in the portfolio.

*Source: Fidelity International, as at 31 March 2024. Excludes investment graduates and includes Toronto-based analysts, who are part of Fidelity Canada Investment Management (FCIM). FCIM is an affiliated entity of FIL Limited.

Defining the investable universe

Our starting investable universe is the Global Corporate (investment grade) market, which represents 14,000+ bonds. A combination of our credit and equity research coverage and third-party data allows us to capture most of this investment universe. A representative Sustainable Climate bond portfolio would hold bonds from 100-160 issuers.

All the positions in the portfolio will be assessed based on the following criteria:

• Companies that are adopting decarbonisation practices and tools faster than their peers - We are looking for companies with leading climate practices within their sector and in approach to decarbonisation.
• Companies that are from sectors with high emissions impact that cannot be ignored - We are looking for companies with clear decarbonisation targets that are aligned with Net Zero ambitions and/or a clear strategy to pursue alternative low-carbon technologies.
• We also invest in Labelled Bonds from selected companies that fit the above two categories, where we believe the issuer of the labelled bond is credible in terms of carbon emissions profile and which we believe, add to a company’s overall transition story.

Example of assessment criteria - Climate leadership

• Leading climate practices/governance within their sector.
• Measurement and reporting of carbon emissions.
• Clear decarbonisation strategy.
• Emissions on a sector specific metric below average and ideally bottom quartile.
• Looking towards Scope 3 targets.

Example of assessment criteria - Climate transition 

• Companies from high emissions sectors with a clear climate strategy.
• Clear decarbonisation targets that are aligned with Net Zero ambitions.
• Ideally seeking externally validated targets such as by Science Based Target Initiative.
• Alignment of management incentives with sustainability goals.
• Ongoing engagement.

Example of assessment criteria - Green bonds/Social/Sustainable

• Alignment with the Green Bond Principles
  • Use of proceeds: Green Projects that provide clear environmental benefits, which will be assessed and, where feasible, quantified by the issuer.
  • Project evaluation: Objectives of the bond, the process and eligibility criteria by which the issuer determines the bond to be eligible as a green bond must be clear.
  • Management of proceeds: Financing from the bond should be credited to a specified sub-account and ear marked specifically for Green Projects.
  • Reporting: Issuers need to keep readily available and up to date information on the use of proceeds.
• We apply additional specific eligibility criteria for low-carbon and climate resilient projects and assets.
• Preference for Climate Bonds Initiative aligned issuance but not exclusively.

Example of assessment criteria - Sustainable linked bonds

• Alignment with broader corporate sustainability objectives.
• Materiality of coupon step.
• Appropriateness of time horizon.

Another important aspect of our process is to continuously engage with the companies we invest in. Our stock and credit analysts are the starting point of ESG engagement with the issuers, and they will flag if there is an area of required engagement. In addition, the Sustainability Team at Fidelity International (Fidelity) will also have separate engagement calls and meetings, focusing on our current engagement themes (transition to a low carbon economy, waste and the circular economy, human rights in supply chains, gender diversity on corporate board, data privacy and security, and remuneration). If a company we have selected on the basis of having a credible decarbonisation plan fails to meet its objectives, it will become a candidate for exclusion. This is an important element as we believe it is important to maintain high standards of all selected issuers meeting their impact targets.

Additional information on Fidelity’s engagement approach can be found at - https://eumultisitev4prod-live-eb461540d2184169bb77db2b062d9318-f268f99.s3-eu-west-1.amazonaws.com/PI%20UK/pdf/legal/fidelity-engagement-policy.pdf

Portfolio construction

Position sizing

A combination of climate profile and fundamental credit analysis views are used to build the portfolios. We size positions with reference to their credit rating band and their RV rating assigned by our credit analysts, as well as the companies’ carbon profile. We also take into account issuance size, maturity and currency. Positions in different bonds issued by the same entity are aggregated together, to give a genuine view of risk to one company.

Execution

Transactions are directed by the investment team through a global trading platform.

Buy/sell discipline

Buy trades require a rating of RV1, 2 or 3. Trades must also meet climate leadership or transition leaders’ criteria and labelled bonds must meet additional requirements. Bonds rated RV4 or 5 should be considered for sale as no longer hold value. There are two possible reasons why the rating could be downgraded and in turn sold:

• The credit has deteriorated, and the investment case changed
• The bond has performed well, and is no longer attractive relative to the opportunity set, with better value found elsewhere

In addition, candidates for sale include issuers whose carbon transition profiles are not satisfactory. For instance, if an issuer has committed to carbon reduction targets but fails to meet or commit to these targets, we would review their eligibility into the fund.

Risk management

The Portfolio Construction and Risk (PCR) Team is an integral part of the Fixed Income Investment Team and its members report into the Chief Investment Officer (CIO) of fixed income. PCR is represented at all investment strategy meetings and play an active role in every aspect of the process. Our risk processes follow a three lines of defence model in adherence with a robust risk management framework.

First level

Investment team: Portfolio Managers use desktop risk management systems on a daily basis to analyse risk within portfolios. Reports typically include measures of tracking error, volatility, concentration, credit quality and other relevant measures.

Portfolio Managers are responsible for building portfolios that are consistent with the risk expectations and investment guidelines of our clients.

Portfolio Construction and Risk Team: This team helps Portfolio Managers understand and manage the risks associated with their portfolios through the provision of reporting and expertise.

Quarterly Fund Review (QFR): The CIO/head of asset class meets with portfolio managers to discuss their respective portfolios in detail. During the meeting, factors such as the portfolio’s structure, turnover, trading activity, risk profile, performance, and level of active money are analysed.

Quarterly Sustainability Review (QSR): The QSR is designed to place additional scrutiny on the way that sustainability factors are being integrated and monitored at the fund level. A wider and deeper review of environmental, social and governance factors, as well as our stewardship activities (including engagement and voting) will thus be formally performed on a quarterly basis.

Second level

Investment risk team: This team ensures that material investment risks are adequately covered and understood by senior management and the board. The team provides risk metrics to support Compliance, senior management and other stakeholders.

Compliance: This function reviews all trades daily for asset eligibility and to ensure portfolios stay within their investment parameters. It also monitors trades to ensure best execution in the market, including appropriate pricing and timeliness.

Furthermore, Fidelity operates a network of shared first and second line Investment Risk Committees (IRCs) across the firm to support each asset class and specific Investment Management Teams.

Fund Counterparty Risk Committee (FCRC): The FCRC is responsible for ensuring all risks associated with derivatives and counterparty exposures are continuously assessed and that an appropriate control environment is implemented by line management.

Fund Liquidity Risk Committee (FLRC): The FLRC is responsible for reviewing appropriateness of risk mitigations when Fidelity’s funds exceed agreed internal liquidity thresholds as well as reviewing and approving the Fund Liquidity Risk Framework.

Third level

The Internal Audit function provides an independent review of all risk functions as per regulatory requirements.

Resources, Affiliations & Corporate Strategies:

As an investment manager, we have a fiduciary duty to act in the best interests of our clients. In the context of sustainable investing, we have developed an approach with three key components (integration, stewardship, and solutions) that aim to provide our clients with investment offerings that meet their financial and non-financial objectives, and to comply with rapidly evolving sustainability regulations for product labelling and disclosure.

Fidelity’s sustainable investing approach is established on the foundation of our integration tools and processes. We believe ESG factors should be integrated into different investment processes. We have designed ratings and tools to identify the relevant risks and opportunities of issuers and established other processes to ensure that ESG factors are integrated consistently in our portfolios. We will also consider research insights from third-party data providers where relevant.

Our integration tools and processes also support the prioritisation of stewardship activities and the development of solutions that meet different regulatory requirements and client objectives. While sustainability ratings and scores allow for easier comparison of company performance, sustainability analysis should be both quantitative and qualitative and its findings should be interpreted in the context of financial performance to provide a holistic picture of a company’s performance.

Proprietary ratings and tools sit at the heart of Fidelity’s sustainable investing approach. They build on Fidelity’s heritage of fundamental research, the contribution from investment analysts and the expertise of the Sustainability Team. These tools include:

ESG Ratings: an assessment of management and mitigation of ESG risks

The Fidelity ESG Ratings aim to provide a forward-looking assessment of the extent to which an issuer’s performance on material sustainability issues either supports, or is likely to impair, long-term value creation for shareholders. The ratings are differentiated in their forward-looking emphasis and their use of issuer interaction and due diligence by Fidelity’s fundamental analysts as the main input to identify and assess the material ESG risks impacting an issuer. 

Our ESG Ratings are integrated into Fidelity’s investment process and are available to all members of the investment team on our internal research platform. Our rating serves as an additional source of insight and as a tool to support investment decisions.

Our ratings comprise a combination of E, S, and G indicators that aim to address the most material issues in each sector, providing a forward-looking view of an issuer’s ESG practices. The ratings’ methodology reflects the evolution of Fidelity’s ESG integration approach, founded on the principle of ‘double materiality’, focusing on ESG both from a business risk perspective and in terms of the environmental and societal implications of the issuer’s operations.

Four key principles underpin our ESG Ratings:

• Consideration of both non-financial and financial impacts ('double materiality'). A focus on absolute impacts allows comparison across sectors and geographies.
• Providing a forward-looking perspective that is complementary to our financial forecasts, helping to inform the long-term prospects of an individual issuer. 
• Consideration of material impact across more than 100 individual subsectors for a more focused and relevant set of indicators.
• Flexible output for different use cases. Individual E, S, and G scores provide guidance for determining an overall ESG score at the issuer level and trajectory ratings.

Our ESG Ratings framework is reviewed regularly to help identify the most material ESG factors for each sector. We aim to provide training on the ratings framework as it evolves and on specific themes and sectors to help enhance understanding of the material ESG factors required for analysis, and to enhance the quality and consistency of ratings. The in-depth nature of our approach means that our coverage is not as broad as a third-party provider, therefore we also use external research and rating providers, such as MSCI and Institutional Shareholder Services (ISS), to complement our internal research process and for the construction of our funds with specific sustainability objectives. Where possible and practical, we aim to use our own ESG ratings as a preferred data source for fundamental insight and measurement of product-level characteristics.

Climate Ratings: alignment to the outcome of net zero carbon emissions by 2050

Our Climate Ratings assess an issuer’s operational alignment to the objectives of the Paris Agreement, providing a holistic view of climate-related risks and opportunities.

To facilitate our assessment of an issuer’s net zero transition, we have developed a Climate Rating that assesses an issuer’s operational alignment to the objectives of the Paris Agreement (to limit global average temperature rise this century well below 2°C and to drive efforts to limit the temperature increase even further to 1.5°C above pre-industrial levels). The Climate Rating is designed to be used in conjunction with our other ESG and climate tools to provide a more holistic view of an issuer’s exposure to climate-related risks and opportunities. 

Assessment criteria cover three key areas: 

• Carbon emissions disclosure: This assessment focuses on disclosure of Scope 1, Scope 2 and material Scope 3 (based on the definition of the Greenhouse Gas (GHG) Protocol). 
• Emissions reduction targets: This assessment concentrates on the issuer’s current emissions, net zero GHG emissions ambitions, targets and carbon reduction targets. 
• Climate governance: This assessment analyses executive remuneration plans linked to climate ambitions; governance responsibilities for climate at executive level; and board committees with responsibility for oversight of climate change policies. 

For high impact sectors, additional criteria may be included to take into account the unique requirements of certain hard-to-abate sectors in relation to achieving net zero. The Climate Rating does not rely on a single climate change model or scenario. The assessment undertaken takes into account a wide range of data sources including companies’ disclosure, inputs from the Carbon Disclosure Project (CDP), ISS Climate data (e.g., Implied Temperature Rise), and the Science Based Targets initiative (SBTi).

SDG Tool: an assessment of positive contribution to the UN Sustainable Development Goals (SDGs)

Fidelity’s SDG Tool aims to provide an assessment of an issuer’s positive contribution to environmental and social outcomes. It is intended to complement Fidelity’s ESG Ratings which provide an assessment of an entity’s management of adverse impacts arising from ESG issues. The SDG Tool also supports Fidelity’s definition of ‘sustainable investments’ under Europe’s Sustainable Finance Disclosure Regulation (SFDR). We aim to provide a separate analysis of the positive and negative issues an issuer may be exposed to, to help prevent the signal value from identifying a risk being offset by an unrelated positive contribution (e.g., poor corporate governance and a catastrophic tailing-dam failure are not mitigated by selling products that help the energy transition).

Primary use cases for the output of the model are: 

• Issuer and entity-level assessment: The model provides an assessment of the percentage of an issuer’s revenue that contributes to each SDG. This can be used as an input to help define a thematic investment universe. 
• SFDR: Under SFDR, there is a requirement to identify issuers that make a positive contribution to an environmental or social outcome and can qualify as ‘sustainable investments’. The SDG Tool is a key input in this process. 
• Reporting: The SDG Tool provides the ability to report the contribution of a fund’s investments to the SDGs to our clients on a consistent and scalable basis

Quarterly Sustainability Reviews (QSR): an internal forum to review relevant quantitative and qualitative metrics and discuss sustainability integration in specific strategies

The QSR is a component of the Quarterly Fund Reviews (QFRs) which cover performance risk, liquidity, etc. The QSR is a quantitative and qualitative exploration of a product’s sustainability profile, and may include aspects such as ESG ratings, engagement activity, climate characteristics, impact indicators and other datapoints. Attendees may include representatives from the Sustainability Team, the asset class CIO, portfolio manager(s), and risk professionals. The discussion is supported by a data pack which draws together various ESG data sources. The targeted scope of QSRs is actively managed products with a higher level of ESG integration, which may include certain EU SFDR Article 8 and Article 9 products, and UK SDR Labelled and ESG Promoted (unlabelled) products. Products disclosing under SFDR Article 6 are not subject to the QSR process. SI-related investment mandates could be covered by QSR on an optional basis or at the request of clients.

Our integration tools and processes also support the prioritisation of stewardship activities and the development of solutions that meet different regulatory requirements and client objectives. Furthermore, we promote active ownership as the stewards of our clients’ assets, supporting real world sustainability outcomes that help us to fulfil our fiduciary duty. Effective and outcomes-focused stewardship combines bottom-up corporate engagement, top-down thematic engagement, and system-wide stewardship. This approach is essential to drive change and encourages regular engagement and dialogue which we believe is more efficient than exclusions because this simply diverts the problem elsewhere. We believe that monitoring the progress of engagements is as important as initiating them to assess change over time. The outcomes (or lack of outcomes) resulting from our engagements can be reflected by investment analysts in our ESG ratings and used to inform investment decisions. Our Voting Principles and Guidelines sets out our minimum expectations for our investee companies in key areas including climate change, deforestation, and gender diversity. 

For further details, please refer to our Sustainable Investing Principles sustainable-investing-principles.pdf. 

Sustainability Team

As an active bottom-up research house, we have always looked beyond financial reporting to gauge the value of an investment. This involves maintaining ongoing dialogue with investee companies, staying vigilant to the evolving regulatory landscape, and monitoring other factors that could influence sustainable cash flows over our investment horizon, including those currently categorised as ESG. We began formally integrating ESG considerations into our investment and research processes since becoming a signatory to the Principles for Responsible Investment in October 2012. 

As a logical consequence of our focus on sustainability, we established our Sustainability Team over a decade ago. Initially a small group based in London, the team has now grown to include 30* professionals with the global presence spanning London, Singapore, Tokyo, Hong Kong, Shanghai, Sydney and Luxembourg. Members of our Sustainability Team bring a diverse skill set, including expertise in research, climate science, and governance, with many boasting over a decade of experience.

*Source: Fidelity International, as at 31 December 2025.

The team’s scope now encompasses a wide range of activities related to ESG integration, engagement, policy, product development, sales and marketing, proxy voting as well as corporate sustainability. New members have contributed additional skills in legal and thematic areas, client and distribution expertise, and governance. 

The Sustainability Team functions across Fidelity in several ways:

• Collaborates closely with the broader investment team, supporting analysts in producing ESG research and conducting company-specific engagements, driving thematic engagement outcomes with sector analysts' input, and assisting portfolio managers in integrating ESG into their investment processes through proprietary tools, training, and frameworks.
• Works in tandem with the product team to develop sustainable investing frameworks and strategies in compliance with ESG regulations and tailored to diverse investor needs.
• Assists client-facing teams and clients with sustainable investing requirements and needs, including client communications, questionnaires, reporting, and training.

The team continues to evolve based on Fidelity's sustainable investing strategy, ensuring comprehensive support for all business areas and improving the quality and outcomes of engagement across asset classes.

Industry collaboration

Fidelity recognises the importance of networks and information platforms for sharing tools and pooling resources, using investor reporting as a source of learning. Our Sustainability Team keeps its current and potential membership of investor organisations under constant review. We monitor all international treaties, supranational organisations and other sustainability memberships to ensure we are up to date with market trends and to stay involved in the debate. We are proactive in strengthening our links within the investment industry, to determine effective ESG initiatives, maintain ethical standards, and attend seminars and conferences to integrate ESG into the investment process. Additionally, our Sustainability Team speaks publicly at industry events on responsible investment practices and promotes transparency in corporate governance issues. Please refer to the following list of our memberships, affiliations and signatories, listed by category:

Social Disparities

• 30% Club Australia (2021)
• 30% Club Hong Kong (2022)
• 30% Club Investors Group (2020)
• 30% Club Japan (2019)
• 40:40 Vision (2020)
• Armed Forces Covenant (2019)
• BBBA Talent Accelerator (2020)
• Business in the Community, Race at Work Charter (2020)
• Diversity Project (2017)
• DWP Disability Confident Scheme (2022)
• Find it, Fix it, Prevent it (CCLA) (2020)
• Global Business Collaboration Leadership Pledge (2022)
• If not now, then when? Campaign on Racial Diversity (2020)
• Investor Initiative on Human Rights Data (2024)
• Investors Against Slavery and Trafficking Asia-Pacific (2020)
• Investor Alliance for Human Rights (2025)
• Lord Mayor's Appeal - We Can Be (2019)
• LGBT Great (2019)
• Luxembourg National Diversity Charter (2020)
• Mental Health First Aid Training (2017)
• Minority Supplier Development UK (2020)
• Mindforward Alliance (2022)
• OutBritain (2022)
• President’s Challenge Enabling Employment Pledge and Enabling Mark (2023)
• PRI Reference Group on Human Rights and Social Issues (2025)
• Progress Together (2022)
• Purple Space (2019)
• Social Mobility Foundation (2021)
• Social Enterprise UK (2021)
• Stonewall (2016)
• Talent-Wise Employment Charter and Inclusive Organisations Recognition Scheme (2022)
• UN LGBTI Standards of Conduct in Business (2019)
• Valuable 500 (2019)
• Veteran-owned UK (2021)
• WEConnect International (2021)
• Women in Finance Charter (2017)
• WorkWell Leaders (2023)
• #10000 Black Interns (2020)

Climate Change:

• Asia Investor Group on Climate Change (2020)
• CDP - formerly Carbon Disclosure Project (2019)
• China Climate Engagement Initiative (2023)
• Climate Action 100+ (2019)
• Climate Bonds Initiative (2019)
• Coalition for Climate Resilient Investment (2019)
• Financial Services Development Council (2022)
• Global Standard on Responsible Corporate Climate Lobbying (2022)
• Green Finance Industry Taskforce Singapore (2020)
• Glasgow Financial Alliance for Net Zero (2021)
• Institutional Investors Group on Climate Change (2020)
• Investor Group on Climate Change (2021)
• Net Zero Asset Managers Initiative (NZAMI) (2020)
• One Planet Asset Manager Initiative (2021)
• Partnership for Carbon Accounting Financials (2022)
• Point Zero Carbon Programme (2022)
• Powering Past Coal Alliance (2021)
• Singapore Sustainable Finance Association (2024)
• Transition Pathway Initiative (2021)
• UK Sustainable Investment and Finance Association (2010)

Good Governance:

• Asia Securities Industry and Financial Markets Association (2015)
• Asian Corporate Governance Association (2004)
• Assogestioni (2007)
• Corporate Governance Forum (2009)
• European Sustainable Investment Forum (2017)
• European Public Real Estate Association (2023)
• Hong Kong Green Finance Association (2020)
• Hong Kong Principles of Responsible Ownership (2017)
• International Corporate Governance Network (2005)
• Investment Association (2010)
• Investor Agenda (2021)
• Investor Forum - UK (2014)
• Japanese Stewardship Code (2014)
• Principles for Responsible Investing (2012)
• Responsible Investment Association Australasia (2020)
• Taiwan Stock Exchange’s Stewardship Principles for Institutional Investors (2016)
• Transition Finance Council (2025)
• UK Stewardship Code (2010)
• World Benchmarking Alliance (2020)

Nature Loss:

• Ceres - Valuing Water Finance Initiative (2022)
• Farm Animal Investment Risk and Return (2020)
• Finance for Biodiversity Pledge (2021)
• Green Praxis Biodiversity (2022)
• Investor Policy Dialogue on Deforestation (2024)
• Natural Capital Investment Alliance (2021)
• Nature Action 100 (2023)
• Taskforce on Nature-related Financial Disclosures Forum (2021)
• Finance Sector Deforestation Action (2021)

SDR Labelling:

Not eligible to use label (out of scope)