Fidelity Launches Blue Transition Fixed Income Fund


credit: nyas

Good news for those worried about the planet's water supply: There's a new way to invest in it.

Fidelity has launched the Fidelity Funds 2 Blue Transition Bond Fund, which the company says is the first "blue transition" fixed-income fund to launch globally, Bloomberg reports.

The fund will invest in both global bonds or bonds of issuers that contribute to ocean and freshwater objectives aligned with one or more United Nations objectives, such as improving management of water-related risks and opportunities, and reducing the negative impact of climate change on the ocean or freshwater.

"There aren't many blue bond funds out there, and so issuers who would naturally lend themselves to issuing a blue bond, such as water companies or companies who design specific engineering solutions for water, will issue green-labelled bonds instead so they can sell them into a green fund," a Fidelity spokesman says.

"For the green bonds we invest in, at least 20% of the use of proceeds must be invested into blue projects," he adds. Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

Deborah La Franchi

If you're looking for a way to give back to your community, there's a new investment vehicle out there that's more than willing to do just that. It's called the Social Impact Fund, and it's the...more

Graduate, Postdoctoral Researchers Explore Ways to Change Attitudes on Energy

Sara Tamrin's research aims to "foster a paradigm shift toward holistic and inclusive solution-centric energy research." That's the goal of the University of Calgary postdoctoral researcher's...more

Greater Investment in Climate Services for Health Needed for Escalating Challenges
Foundation: Rockefeller Foundation

The World Meteorological Organization and the UK's Wellcome Trust are teaming up to fight climate change and its health effects, with a $25 million grant to the WHO and a $6 million donation to the...more

Impact Investor Conference: Four Weeks to Go

The World Economic Forum has released its annual list of the world's most powerful people. This year's list includes Kofi Annan, the former secretary-general of the UN, and Malala Yousafzai, the...more

Unnecessary Plastic Packaging for Almost 50% of Products

Nearly half of all food and drink items in Italian supermarkets are packaged in plastic that can be removed or replaced with alternatives, according to a new study from Born2Invest. The research...more

The Impact World This Week: 17 October 2024

Social investment is on the rise, and by 2024, we'll be in the "era of impact accounting," says Sir Ronald Cohen, founder of the International Foundation for Valuing Impacts. He spoke Monday in...more

Fidelity Launches Blue Transition Fixed Income Fund

Good news for those worried about the planet's water supply: There's a new way to invest in it. Fidelity has launched the Fidelity Funds 2 Blue Transition Bond Fund, which the company says is the...more

The Nature Conservancy Building 'Strong Candidate' Pipeline for Asia Impact Deals

Climate change isn't just a global problem, it's a local one that's affecting everything from air quality to rainfall in Australia. So the country's Murray-Darling Basin Water Fund is turning to...more

Basma Majerbi Honoured with Canada Clean50 Award for Sustainability Leadership

"We need to build capacity at all levels to unlock the potential of finance as a powerful tool for change, especially at a time when private capital is crucial in driving the global transition to a...more

Understand the Difference between Esg as a Process Versus Esg as a Product

Environmental, social, and corporate governance (ESG) factors have been gaining traction in the investment world in recent years, and the New York Times takes a look at what they're doing and how...more





Social Innovation News from...


Changemakers
Skoll Foundation
Nike


Social Entrepreneurship
Spotlight



New Age of Philanthropy: #GivingTuesday


A part of a series produced by The Huffington Post in celebration of #GivingTuesday, which will take place this year on December 3, Kathy Calvin and Henry Timms vouch that we are living in a new era of philanthropy.