Stop investing in companies tied to genocide

Fidelity

Fidelity should adopt a genocide-free investing policy to ensure that investments it makes are not tied to genocide.

Few of us want our personal savings connected to genocide. Even so, Fidelity, and other investment firms, invest their customers’ money in companies that help fund the ongoing genocide in Sudan.[1] PetroChina and Sinopec, for example, not only support the government of Sudan, but also Syria, Burma and Iran.

Fidelity opposes genocide-free investing,[2] even though, as a signatory[3] to the UN Principles for Responsible Investment, they agreed to incorporate social issues such as human rights into investment decision-making processes and “better align investors with broader objectives of society.”[4]

Fidelity's statement of opposition to genocide-free investing does not attempt to deny the connection between PetroChina and genocide, for example, nor argue that investing in genocide is somehow better. Instead, it simply notes that “this proposal would limit investments by the Funds that would be lawful under the laws of the United States.” [5]

Shareholders, customers (investors), and potential customers of Fidelity (and its mutual funds) can send a strong message to draw the line at genocide. You don’t have to be an investor, since investment firms want your business now or in the future.

[1]https://www.investorsagainstgenocide.org/files/2014-0716-White-Paper-on-genocide-free-investing.pdf

[2]https://www.investorsagainstgenocide.org/files/2015-0512-Fidelity-Shareholder-Meeting-Presentation.pdf

[3]https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/DefiningESG_Webinar.pdf

[4]https://www.unpri.org/about/the-six-principles

[5]https://www.sec.gov/Archives/edgar/data/315700/000119312517306013/d452172ddef14a.htm