Fidelity International has announced Jenn-Hui Tan has been appointed to the newly created position of chief sustainability officer (CSO).
Tan was previously global head of stewardship and sustainable investing at Fidelity.
The new role will have oversight of both Fidelity’s sustainable investing and corporate sustainability teams to ensure consistent, end-to-end governance of Fidelity’s sustainable approach across its corporate operations and client service areas – including investment management, advisory and personal investment platform services, and retirement solutions.
In his capacity as CSO, Tan will be responsible for delivering Fidelity’s sustainability approach and be the accountable executive for the firm’s strategy, execution, and governance in this area.
He will retain management of the sustainable investing team, with the corporate sustainability team moving to report to him.
Commenting on the appointment, Fidelity International global chief investment officer Andrew McCaffery 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.
“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.”
Tan joined Fidelity International in 2007 from Norton Rose Fulbright, where he was a corporate finance lawyer advising on capital market and M&A transactions.
He holds an LLB Law degree from the University of Durham. He was appointed global head of stewardship and sustainable investing in 2019.
In April 2021, Fidelity International said it aims to reach net zero emission by 2050 or before within FutureWise, its default workplace investment strategy for UK-based pension schemes.
The firm has set for itself the goal of cutting emissions by half by 2030, and hopes to reach net zero emission for operational emissions before 2040.
