Sustainable Investment Finder

We’ve worked with SRI Services to create a helpful list of the funds on our platform that may be appropriate for clients with an interest in sustainability and ESG-related issues. They are categorised within SRI Styles, and these must not be confused with the sustainable investment labels introduced by the Financial Conduct Authority (FCA).

Fund strategies vary. Most of these funds integrate environmental, social and governance (ESG) issues into their investment research. However, where they invest will vary as managers focus on different aspects of ESG and have different thresholds. Funds with a greater emphasis on stewardship and engagement are more likely to invest in controversial companies – often with the aim of improving them. These are mostly found in the ‘ESG weighted’ and ‘Limited exclusions’ styles. Or they may seek to invest in companies that are displaying leadership or solving challenges from a sustainability perspective. Some also seek to have a positive impact on the environment or society. These are mostly found in the ‘select’ or ‘focused’ styles.

Client preferences vary and this is a diverse, dynamic and complex area, so the list is not completely comprehensive. From 31 July 2024, some of these funds may have an FCA sustainable investment label but we do not show those labels in this tool. Please check a fund’s factsheet, prospectus and/or Key Investor Information Document for full details on its investment approach/policy and whether or not it applies an FCA sustainable investment label.

SRI is an independent business with over three decades of experience in sustainable investments, founded by Julia Dreblow. The company's mission is to help change the way people invest, by making it easier to bring environmental, social and ethical issues into their financial planning.

We’ve worked with our partner, SRI Services, to create a helpful list of all the funds available on the platform that demonstrate a commitment to investing sustainably. All companies – and all funds – have sustainability characteristics. The list we offer here includes the funds on our platform that are promoted as focusing on sustainability and ESG issues.

Important information: This is a complex area (strategies vary and can change), so we can’t promise that this list is completely comprehensive or that it matches your client’s personal opinions, but we are confident it’s a good starting point. We recommend that you read the fund information carefully to confirm its exact approach/policy.

No. The categories used to filter funds in this directory have been based on the SRI Styles that are set by SRI Services, an independent business with over three decades of experience in sustainable investing. These filters must not be confused with the sustainable investment labels introduced by the Financial Conduct Authority (FCA), the UK financial services regulator. These labels are driven by regulation and granted to funds that meet certain criteria. The FCA has issued regulatory guidance on what funds can have each label, and there are four categories of labels available.

From 31 July 2024, some of these funds may have an FCA sustainable investment label but we do not show those labels in this tool. Please check a fund’s factsheet, prospectus and/or Key Investor Information Document for full details on its investment approach/policy and whether or not it applies an FCA sustainable investment label.

SRI Services’ classification system is based on the key issues a fund considers, as well as the approach taken by the fund. Where there is overlap, SRI Services’ experts select the category which best represents a fund’s overall strategy. Additional fund information, that we use in the advanced filters, is received directly from fund managers who have completed SRI Services’ research questionnaire.
This is a complex, diverse and dynamic area and so the list is not completely comprehensive. Please read the information for each fund carefully.

The investments are under a constant cycle of review. Once SRI Services has categorised a fund, it will ask fund managers to complete annual surveys to confirm there are no material changes to the fund's approach or policies. If there are, the fund is reassessed.
Fidelity also works closely with SRI Services to add any new funds that may have sustainable characteristics to the review process as quickly as possible. A fund can only be added after an assessment has been undertaken. The review cycle may mean changes to a fund’s approach/policies are not immediately reflected within the tool. Fund strategies may also vary, so please read the fund information carefully.

The purpose of the tool is to help advisers search for funds that are promoted as sustainable, responsible, ethical or ESG investments. You can search for funds in two ways.

Firstly, if you know the fund you are looking for, you can find it by typing the name, keyword or ISIN in the search function.

Secondly, you can conduct a general search. One option is to search for funds by ‘SRI Style’ or, in other words, your client’s preferred approach to sustainable investing. Each fund is classified under one of seven SRI Styles, such as ‘Sustainability select’ or ‘Environmentally focused’. You can select as many SRI Styles as you wish. However, the more SRI Styles you select, the larger the resulting fund list will be. SRI Styles must not be confused with the sustainable investment labels introduced by the Financial Conduct Authority (FCA).

You can also search or refine your list by selecting certain issues a client may be interested in. You can also select the aims and approach of a fund manager, such as seeking to deliver a positive impact. However, we recommend reading the fund information carefully.

Please note that selecting multiple advanced filters may dramatically reduce the resulting fund list and in some instances, no funds may meet all the selected criteria.

You can search by SRI Style and advanced filters independently or in combination.

SRI Styles are based on keeping everything simple. They are designed to help advisers find their way around funds in the sustainable, responsible, and ethical universe more easily. There are seven SRI Styles and each fund is categorised as one of these seven styles. SRI Styles must not be confused with the sustainable investment labels introduced by the Financial Conduct Authority (FCA).

For clients wishing to invest based on more specific issues or a particular approach, you should use the advanced filter options to refine your search. SRI Styles focus on ‘which funds consider’ and the extent to which issues are embedded in fund strategies. Funds are grouped according to what they are designed to do – from an ‘ethical’, ‘ESG’ or ‘sustainable’ perspective. The aim of this is to help you recognise key similarities and differences between funds (in terms of what drives investment selection) so that funds can be matched to client preferences more easily. However, we recommend reading the fund information carefully.

Please note, there are variations within each SRI Style. Different issues may be considered and there is cross-over between many of the styles (for example, most funds in this area consider climate change).

Every fund is classified as one of seven SRI Styles. These have been determined by SRI Services and are designed to help you identify funds that may have a particular focus. They differ from the sustainable investment labels introduced by the Financial Conduct Authority (FCA).
Fund strategies vary, so please read the fund information carefully.

Sustainability select
These funds state they favour companies that offer products and services that encourage greener lifestyles or show sustainability leadership. They also typically avoid sectors that don’t help raise environmental and/or social sustainability standards, as well as arms and tobacco companies.

Environmentally focused
These funds state they focus on environmental opportunities - from single issues like water, resource management or waste, to broader issues such as biodiversity and climate change.

Socially focused
These funds state they focus on people issues - from employment and education to diversity, equality and human rights. They typically invest in companies deemed to have positive social practices.

Ethically focused
These funds state they focus on issues relating to personal values or opinions. They typically invest in companies with more positive environmental and social practices and avoid areas that are widely regarded as more negative - like arms, tobacco and gambling.

ESG (environmental, social and governance) weighted
These funds state they consider environmental, social and governance (ESG) or sustainability issues when making investment decisions, but aren't wholly directed by them. They tend to favour companies with higher ESG or sustainability standards.

Limited exclusions
These funds typically only limit investment in or exclude a small number of companies such as tobacco companies or companies that breach commonly-adopted environmental, social or governance (ESG) standards. They may aim to encourage companies to improve their standards.

Faith based
These funds state they focus on faith-based issues. They tend to screen out companies that do not meet certain criteria to invest in assets that align with a recognised religion or faith. Other funds may also be suitable for investors of faith, although their core focus is not religious beliefs.

No, each fund is designated under just one SRI Style. You should therefore carefully choose the SRI Style that broadly matches your client’s desired approach to investing. The tool does allow you to select more than one SRI Style and because of the similarities between some of the styles (such as sustainability, environmental and ethical), it is often a good idea to do so. However, the more SRI Styles you select, the larger the resulting fund list will be.

Please note, SRI Styles do not correspond to the FCA’s sustainable investment labels. SRI Services’ classification system is based on the key issues a fund considers (such as sustainability, environmental, and ethical), as well as the approach taken by the fund. From 31 July 2024, some of these funds may have an FCA sustainable investment label but we do not show those labels in this tool.

Please check a fund’s factsheet, prospectus and/or Key Investor Information Document for full details on its investment approach/policy and whether or not it applies an FCA sustainable investment label.

SRI Styles are determined by SRI Services who decide which style is most appropriate for a fund by looking at individual fund information. Once SRI Services has carried out its initial categorisation of a fund, it will ask the fund manager to complete annual surveys to update information and confirm there are no material changes to the fund strategy that could change the category it falls under.

A fund’s SRI Style may be changed when a fund is reviewed, and the SRI Style categories are also updated from time to time to ensure they remain helpful. Fund strategies vary, so please read the fund information carefully.

Advanced filters allow you to select certain issues that your client may care about, like avoiding companies involved with tobacco or fossil fuels. We have split these into the following groups for ease of use (although there is a cross-over between them). These are

Environmental

Social and governance

Ethical

Fund manager’s aims and approaches (the way the fund positions itself, how it is set up to consider issues or its approach to the ‘outcomes’ its strategy helps to deliver).

Please keep in mind that the list of issues is simply the areas that a fund manager has stated they consider, and fund strategies vary. Please read the fund information carefully.

Funds combine issues and approaches in different ways, so please consider both when researching funds. For example, if a fund has a ‘Human rights policy’, you can expect the fund to consider that issue. In most instances, you can expect this to mean they will avoid companies with low standards – however, funds set the bar at different heights. Where a fund is focused on encouraging positive change through stewardship (voting and engagement) activity the bar may be set very low because the manager's aim is to effect change. Funds with an ‘ESG weighted’ or ‘Limited exclusions’ should be expected to have lower thresholds than other styles.

You can search by SRI Style and advanced filters independently or in combination. You can use as many or as few filters as you like if you consider all of the options that might be relevant to a client. Please note, SRI Styles do not correspond to the FCA’s sustainable investment labels. For a client with a clear SRI Style preference, searching for a single style may work well. For a client with specific issues or aims in mind, the advanced filters may be best used on their own.

For many clients, considering several styles may make sense, because of the similarities between some of the styles. For example, if someone is looking to invest in companies with high environmental standards and avoid armaments and tobacco companies, Sustainability Select, Environmental focus and Ethical focus funds could all be suitable.

However, because each fund is classified under one of seven SRI Styles, the more you select, the larger the resulting fund list will be. The advanced filters will help you to refine your search for such clients. Multiple advanced filters may dramatically reduce the resulting fund list and in some instances, no funds may meet all the selected criteria, so it is important to understand what matters most to your client. We also recommend reading a fund’s information carefully.