Fidelity International - 1792 Exchange

Rating Overview

Fidelity International is Medium Risk.

Fidelity International is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. Fidelity International implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. The company occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Medium Risk
Discriminatory Philanthropy	Lower Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	High Risk
Funding	High Risk
Political Actions	No Data

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Medium

Rationale:

Fidelity International promotes divisive sex and gender policies. Its Supplier Code of Conduct requires international vendors to include sexual orientation and gender identity in their nondiscrimination policy (1). However, the company has not canceled customers, suppliers, or vendors based on political views or religious beliefs (2).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

Lower

Rationale:

Fidelity International does not appear to discriminate against charitable organizations based on views or beliefs. The company’s charitable giving focus areas are social disadvantage and the environment (1).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

Fidelity International provides gender transition guidelines for its employees and a specific benefits guide for LGBTQ members (1). The company also offers an Allyship guide to its employees (2). Fidelity International appears to prioritize diversity over merit in its business structure through the establishment of gender and racial targets for its leadership composition. Fidelity International is seeking to have 35% of senior management positions to be held by women and to add 5 additional black senior management members by December 2023 (3). The company appears to prioritize diversity over merit in its supply chain. From its Responsible Supply Chain Vision page: “we will improve the diversity of our supply chain, by providing equal opportunities for diverse suppliers to compete for Fidelity International business” (4). Fidelity International does not publish a nondiscrimination policy (5).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

Fidelity International supports DEI within its business practices, employing a DEI Committee (1). The company is committed to net zero emissions by 2030 (2). Fidelity International is a member of Climate Action 100+, committed to carbon neutrality by 2050 (3)(4). The company was part of the Net Zero Asset Managers initiative prior to NZAM’s suspension in 2025. Its membership indicated a commitment to carbon neutrality with its investments by 2050 (5)(6)(7). Fidelity International is a signatory of the 2026 relaunch of the Net Zero Asset Managers Initiative, which provides resources to asset managers to aid in setting climate goals. Based on the company’s NZAM profile page, it has individually committed to “Net Zero by 2030 for FIL’s ‘operational’ emissions, with an interim target of 15% absolute reduction from 2025 to 2027”, among other carbon emission reduction targets (8)(9)(10)(11).

Criteria:

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

Fidelity International is a member of the Carbon Disclosure Project, a nonprofit that runs an environmental impact disclosure system (1)(2). The company is a member of Institutional Investors Group on Climate Change (IIGCC), a non-profit that helps companies align with the Paris Agreement (3)(4). Fidelity International is a partner of the Climate Bonds Intitiative, a non-profit working to mobilize capital for climate change (5)(6). The company is a member of the Diversity Project, an initiatives which encourages companies to set ethnicity diversity goals within its business structure (7)(8). Fidelity International is a member of LGBTQ Great, an organization advocating for LGBTQ representation in the investment industry (9)(10). The company is a member of Stonewall, a global movement fighting for LGBTQ equality and inclusion (11)(12). Otherwise, Fidelity International has not used corporate funds to advance ideological causes, organizations, or policies (13).