Fidelity International Sustainability Index Fund
Shareclass
Fidelity Intl Sustainability Idx (FNIDX)
Type
Open-end mutual fund
Manager
Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, above the threshold of 0.5% and below 1.5%. Assigned a grade of D.
How we track deforestation-risk investments
How we track deforestation-risk investments
D
14.45%
INVESTED IN DEFORESTATION-RISK COMPANIES
AGRIBUSINESS
deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy
BANKS AND LENDERS
that finance deforestation-risk agribusiness producers via lending and underwriting
MAJOR CONSUMER BRANDS
that use deforestation-risk agribusiness commodities in products
77
holdings flagged
14%
of assets flagged
This fund contains
$60.39 MILLION invested
in holdings flagged for deforestation riskFidelity has huge investments in companies like Bunge, Noble Group, Golden-Agri Resources and Resolute Forest Products that grow, trade or use palm oil, cattle and soy in their products but have failed to eliminate deforestation and human rights abuses from their operations. This means Fidelity has a key role to play in voting for No Deforestation policies at these companies and engaging with company management to make sure these policies are implemented. Tell Fidelity to adopt a No Deforestation Policy!
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Commodity producers
18 holdings
1.21% of assets
$5.2 MILLION invested
Banks and lenders
14 holdings
4.24% of assets
$18.25 MILLION invested
Major consumer brands
51 holdings
8.94% of assets
$38.41 MILLION invested
Commodity producers
18 HOLDINGS
Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.
18 HOLDINGS
- % of portfolio$ invested
- 1. ITOCHU Corp
0.35%0.35% of portfolio$1.54M$1.54M invested - 2. Marubeni Corp0.16%0.16% of portfolio$719,526$719,526 invested
- 3. UPM-Kymmene Oyj0.14%0.14% of portfolio$637,555$637,555 invested
- 4. Neste OYJ
0.11%0.11% of portfolio$476,160$476,160 invested - 5. Associated British Foods PLC0.08%0.08% of portfolio$332,635$332,635 invested
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Banks and lenders
14 HOLDINGS
Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
14 HOLDINGS
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Major consumer brands
51 HOLDINGS
Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
51 HOLDINGS
- % of portfolio$ invested
- 1. Lvmh Moet Hennessy Louis Vuitton SE
1.62%1.62% of portfolio$7.15M$7.15M invested - 2. Unilever PLC
0.87%0.87% of portfolio$3.85M$3.85M invested - 3. L'Oreal SA0.87%0.87% of portfolio$3.83M$3.83M invested
- 4. RELX PLC0.54%0.54% of portfolio$2.39M$2.39M invested
- 5. Reckitt Benckiser Group PLC0.36%0.36% of portfolio$1.58M$1.58M invested
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DATA AS OF 31 Dec 2023
Sustainability report card
As You Sow’s Invest Your Values report card grades mutual funds on environmental and social issues, including climate change, gender equality, and weapon investments. Click through to get more details on each issue.
Fidelity International Sustainability Index Fund FNIDX
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Find more financial data on FNIDX at Morningstar.com
Find more financial data on FNIDX at Morningstar.comTake Action
Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.
Find top-graded funds that avoid deforestation-risk investments.
Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.
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