ESG rating linked to outperformance during pandemic, says Fidelity

The recent period of market volatility as a result of the coronavirus pandemic has shocked in its severity, yet the broad-based sell-off did discriminate, according to data from Fidelity International. Each additional level (from A to E) of Fidelity's proprietary environmental, social and governance (ESG) ratings was worth 2.8 percentage points of stock performance versus the index during recent volatility, according to the research. Fidelity carried out a performance comparison across more than 2,600 companies, using its proprietary sustainability rating system. The forward-looking r...