Fidelity International has appointed Jenn-Hui Tan (pictured) as its chief sustainability officer – a new role for the business.
Tan, who was previously global head of stewardship and sustainable investing, will be responsible for the firm’s overarching sustainability approach. He will continue to manage the sustainable investing team, but will now also have the corporate sustainability team reporting to him.
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Tan’s day-to-day responsibilities will include ensuring a consistent sustainability approach across all arms of Fidelity, including advisory, investment management, personal investment platform services and retirement solutions. He will also be accountable for the firm’s strategy, and execution, of governance.
Tan joined Fidelity in 2007, having previously been a corporate finance lawyer specialising in M&A at Norton Rose Fulbright. He became the firm’s global head of stewardship and sustainable investing in 2019.
Andrew McCaffery, global chief investment officer at Fidelity, said: “As an active steward of capital, we consider the longer-term consequences of our actions in both financial and societal terms – setting ambitious sustainability goals at an enterprise level is a core part of our approach to drive positive change.
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“As the sustainability landscape continues to evolve in line with client and regulatory expectations, we believe it is important to have a single point of accountability across Fidelity to deliver a consistent, overarching sustainability strategy – setting policy and governing delivery of our sustainability commitments across our full business operations.”
In May this year, Fidelity appointed Emilie Goodall as its head of stewardship, to support ESG analysis and engagement activities.
This article first appeared on ESG Clarity’s sister title Portfolio Adviser.