“At Fidelity, we believe that exercising our ownership rights by voting at company meetings is a fundamental responsibility for shareholders,” Jenn-Hui Tan, global head of stewardship and sustainable investing, Fidelity International, said.
“Through the use of engagement and voting, we aim to improve the governance and sustainability behaviours of our investee companies.”
The firm recognised climate change posed one of the most significant risks to the long-term profitability and sustainability of companies and in order to limit global warming to no more than 1.5 °C above pre-industrial levels, the global economy would need to go through a radical transformation, affecting most areas of human activity.
Fidelity International to hold investee companies to higher standards on climate change and gender diversity
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Fidelity steps up climate and diversity demands on investee companies
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Goal of project: Add bedrooms, bathrooms, new kitchen all within historic framework Year house built: 1918 Size of home, lot: Was 1,700-sq-ft house (3 bd, 2 baths) on 9,000- sq-ft lot; now 2,950-sq-ft house (5 bd, 5.5 baths) plus two-car garage and finished basement Time to complete: About 4 years (2 years for permitting) .
Budget: Over budget, about $300/square foot.
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History in the (re)making
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