Fidelidade

PROACTIVE ROLE IN THE ECOLOGICAL TRANSITION

> CLIMATE CHANGE MITIGATION

Fidelidade is firmly committed to achieving net zero across its entire value chain, encompassing operations, insurance, and investments. Its approach is centred on reducing sectoral exposure to climate-related risks in both insurance and investment activities, while also addressing transition risks associated with the shift to a low-carbon economy.

In line with this ambition, Fidelidade seeks to continue promoting sustainable insurance solutions that contribute to climate change mitigation and prioritises sustainable investment practices that foster long-term environmental and social value.

FORESTRY FUND

Reflecting Fidelidade’s commitment to the environment and the strategic objective of contributing to carbon removal, it has been created the Forestry Fund – Florestas de Portugal, with a commitment of 12 million euros investment by the Group, classified as article 9 SFDR by the regulator CMVM. This fund aims to enhance the invested capital through the management of forest and agricultural resources, serving as a crucial instrument in promoting a more sustainable forest policy in Portugal.

> CLIMATE CHANGE ADAPTATION

Fidelidade integrates climate change adaptation into its strategy, recognising the importance of building a more resilient society. Its approach is grounded in responsible climate adaptation management, where the insurance sector plays a pivotal role in raising awareness of risks, reducing the protection gap, and ensuring stronger social protection and resilience.

Through collaboration with policymakers and sector-wide initiatives – such as the Impact Center for Climate Change (ICCC) – Fidelidade contributes to the development of standards and regulatory changes that strengthen resilience against extreme climate events.

The Group also directs investments to support climate resilience, seeks to reduce its exposure to physical risks in insurance and investment portfolios, and expands its range of sustainable insurance solutions tailored to climate adaptation.

This comprehensive strategy is outlined in the Net Zero Transition Plan and regularly disclosed in its Annual Report, reflecting a transparent commitment to progress and accountability.

NET ZERO TRANSTION PLAN HERE

DETAIL ABOUT ICCC HERE

	INVESTMENTS		UNDERWRITING		OPERATIONS
	EQUITIES & CORPORATE BONDS	REAL ESTATE	COMMERCIAL	PERSONAL MOTOR	DIRECTLY CONTROLLED OPERATIONS
INTERIM TARGETS 2030 vs 2022	-40% ktCO₂e/Mn€ emission intensity over AuM	-45% ktCO₂e/sqm emission intensity over sqm	-30% ktCO₂e/Mn€ emission intensity over insurance premiuns	-26% tCO₂e/vehicle emission intensity over # of vehicles	-50% tCO₂e/employee emission intensity over # of employees
NET ZERO TARGETS	2050	2050	2050	2050	2040
	Assets managed by FPE				Fidelidade Portugal Scope 1, 2 and 3 category 6 business travel

BIODIVERSITY

Fidelidade integrates a nature positive approach across its business activity, recognising both its environmental and climate impact and the vital role biodiversity plays in ecological balance, risk management, and societal well-being.

To reinforce this commitment, Fidelidade has developed a Nature Positive Plan, designed to strategically assess environmental and climate impacts, highlight the importance of nature and ecosystems, and leverage partnerships that strengthen its sustainability agenda. This plan is aligned with global initiatives to tackle biodiversity loss and climate change, ensuring that Fidelidade plays an active role in supporting the health and resilience of the planet’s ecosystems.

Through this approach, Fidelidade is committed not only to minimising environmental losses but also to actively protecting and restoring nature.

NATURE POSITIVE PLAN HERE