Fidelity International CSO Jenn-Hui Tan: Halving portfolio emissions would be easy – but would it help the world?
When it comes to the decades-long ‘divest or engage’ debate regarding investors’ attitudes towards polluting activities, Tan is firmly in the engage camp.
“It is not that difficult to reduce the portfolio emissions of the organisation: all you really need to do is not invest in a handful of high emitters. The question that I have is: does that actually contribute to the reduction of real world emissions?”
Fidelity International’s Chief Sustainability Officer (CSO) Jenn-Hui Tan is not one for shortcuts. The US$700 billion asset management firm aims to halve portfolio emissions by 2030 – but for Tan, the success of the sustainability strategy should be assessed not just by this achievement, but by how much it furthers real-world decarbonisation.
