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Last amended date: Jul 2025
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Resources, Affiliations & Corporate Strategies:ESG Resources, EOS, Responsibility Office and ESG Specialists: In terms of our ESG-dedicated personnel, Federated Hermes Limited has 75 staff members that are directly involved in ESG integration, as at 31 March 2025. We also have dedicated ESG personnel embedded within our investment teams. The teams are outlined below:
Membership Lists: Federated Hermes is supportive of the development of codes and standards relating to responsible business conduct and responsible investment to aid transparency and accountability. We adhere to a number of responsible business conduct codes and internationally recognised standards for due diligence and reporting:
We are also members of a wide range of industry initiatives through which we seek to advance industry best practice, collaborate with other investors to achieve shared engagement and advocacy outcomes and ensure we remain at the forefront of best practice. We provide an annual update of our external memberships in our Stewardship Report, available via the link: https://www.hermes-investment.com/uploads/2025/05/a4e349bde8a792ace67777de1b554221/federated-hermes-limited-stewardship-report-2025.pdf [1] Note: The SDG Engagement Equity Strategy includes the Federated Hermes Global SMID Equity Engagement Fund. Dialshifter:Our organisation is helping to support the Paris Climate Agreement and the Race to Net Zero by… We trust companies have set their net-zero pledges in good faith and we look for interim targets and goals to better understand their pathways to net-zero. We acknowledge the challenge around the alignment of net-zero time-lines for commitments. To address this challenge, we look for explicit short- and medium-term targets that are sufficiently ambitious so that the company’s decarbonisation profile is aligned with the temperature degree rise goals of the Paris Agreement( ie 1.5 degrees,). We are signatories to the Net Zero Asset Managers initiative. We have committed to support the goal of net-zero greenhouse gas emissions by 2050. |
ESG Resources, EOS, Responsibility Office and ESG Specialists:
In terms of our ESG-dedicated personnel, Federated Hermes Limited has 75 staff members that are directly involved in ESG integration, as at 31 March 2025. We also have dedicated ESG personnel embedded within our investment teams. The teams are outlined below:
- Within the Responsibility Office, our dedicated Responsibility team is tasked with coordinating and supporting the development of our policies and their subsequent integration across our funds and stewardship services. Leon Kamhi, our Head of Responsibility, reports directly to our CEO. Each of our investment teams meet formally with Leon and his team on a quarterly basis to discuss their ESG integration activities.
- Our 37-person stewardship team, EOS, includes industry executives, senior strategists, corporate governance, sustainability consultants, climate change experts, accountants, ex-fund managers, former bankers and lawyers. The depth and breadth of this resource reflects our philosophy that stewardship activities require an integrated and skilled approach. Through EOS we engage with companies on strategic and material ESG concerns to promote investors long-term performance and fiduciary interests - this represents over $2.1 trillion in assets as at 31 March 2025.
- Within our Fixed Income team we have a Sustainable Fixed Income (SFI) team, led by Mitch Reznick, Head of Sustainable Fixed Income (and London managed Fixed Income strategies). The SFI team is responsible for the sustainability integration within our credit portfolios and has a dedicated engagement resource.
- We manage some focused responsible investing equity strategies: a Global Sustainable Equity strategy and an SDG Engagement Equity Engagement strategy.[1] The former is managed by Martin Todd (lead portfolio manager) and Henry Biddle (co-portfolio manager), and the latter is managed by Hamish Galpin. We also have a Head of Engagement - Equities, Will Pomroy, who oversees and leads the engagement programme for our sustainable equity strategies, which includes providing ESG analysis and formulating engagement strategies for the portfolios. Will Pomroy sits with the investment teams in London.
- The Global Equities team also has its own ESG specialist in portfolio manager Louise Dudley, who has been with the company since 2009, initially working in EOS. The team manage various ESG related strategies eg, the ESG Pathway Fund, a Low Carbon and an ESG Screened strategy.
- The Global Emerging Markets team includes two dedicated Responsible Investing & Sustainability personnel, Olivia Lankester and Hayley McGuiness. The investment team manage a Global Emerging Markets Equity ESG strategy. The Asia ex Japan team includes Seyoung Serena Ko who is a dedicated ESG Analyst.
Membership Lists:
Federated Hermes is supportive of the development of codes and standards relating to responsible business conduct and responsible investment to aid transparency and accountability. We adhere to a number of responsible business conduct codes and internationally recognised standards for due diligence and reporting:
- We were founding signatories of the UN Principles of Responsible Investment (UN PRI) in 2006 and committed to embedding the six Principles as a responsible investor and owner. We report annually using the PRI Reporting Framework. We also work with the PRI through a number of its working groups and initiatives.
- We are a signatory of a number of stewardship codes, including the Financial Reporting Council’s UK Stewardship Code since 2010. As part of our signatory status to the UK Stewardship Code we produce an annual Stewardship Report. Our stewardship business unit, EOS is a signatory of the Best Practice Principles for Providers of Shareholder Voting Research & Analysis and reports annually on implementation of these principles.
- Signatories of the UN Global Compact (UNGC) since 2017 and report annually on our implementation of the UNGC Principles across the themes of Environment. Human Rights, Labour Rights and Anti-Corruption. We implement the Principles across our operations, and the themes are reflected in our ESG integration and engagement processes as described in our Sustainability Risks Policy. We engage with the UNGC UK Network to support the continued growth of the network and the impact of its engagement with businesses.
- We joined Climate Action 100+ in 2015 and play an active role in this investor-led initiative with the support of over 360 investors, representing more than $34 trillion of assets under management that aims to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change.
- We were a founder of the 300 Club in 2011 and was the Chair until 2014.
- We have been members of the Net Zero Asset Managers Initiative since 2021 through which we have committed to support the goal of net zero greenhouse gas emissions by 2050, in line with global efforts to limit warming to 1.5°C as stated in the Paris Agreement. We publish an annual climate-related financial disclosures report in line with the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). Furthermore, we are proud to have become an inaugural TNFD Early Adopter, which was announced at the World Economic Forum event at Davos in 2023. We have already begun trialling elements of the TNFD disclosure recommendations in our reporting.
- In 2020 we signed the Finance for Biodiversity Pledge and the Eliminating Commodity Driven Deforestation Commitment, through which we have committed to assess and disclose our exposure to deforestation and to protect and restore biodiversity through our investment and engagement activities.
- We have been a member of the International Integrated Reporting Council (IIRC) since 2011 and the Sustainability Accounting Standards Board (SASB) since 2019.
- In line with international treaties, we are currently excluding companies that are manufacturing and/or are providing either an essential and/or tailor-made product or service to the manufacturers of relevant controversial weapons.
- We ensure our sustainable investments are aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights.
- We comply with all relevant regulatory disclosures, including the requirements of the UK Modern Slavery Act (2015) as set out in our Modern Slavery Statement and the EU Shareholder Rights Directive II.
We are also members of a wide range of industry initiatives through which we seek to advance industry best practice, collaborate with other investors to achieve shared engagement and advocacy outcomes and ensure we remain at the forefront of best practice. We provide an annual update of our external memberships in our Stewardship Report, available via the link: https://www.hermes-investment.com/uploads/2025/05/a4e349bde8a792ace67777de1b554221/federated-hermes-limited-stewardship-report-2025.pdf
[1] Note: The SDG Engagement Equity Strategy includes the Federated Hermes Global SMID Equity Engagement Fund.
Our organisation is helping to support the Paris Climate Agreement and the Race to Net Zero by…
We trust companies have set their net-zero pledges in good faith and we look for interim targets and goals to better understand their pathways to net-zero. We acknowledge the challenge around the alignment of net-zero time-lines for commitments. To address this challenge, we look for explicit short- and medium-term targets that are sufficiently ambitious so that the company’s decarbonisation profile is aligned with the temperature degree rise goals of the Paris Agreement( ie 1.5 degrees,).
We are signatories to the Net Zero Asset Managers initiative. We have committed to support the goal of net-zero greenhouse gas emissions by 2050.
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Disclaimer
The value of investments and income from them may go down as well as up, and you may not get back the original amount invested. Any investments overseas may be affected by currency exchange rates. Past performance is not a reliable indicator of future results and targets are not guaranteed.
For professional investors only. This is a marketing communication. It does not constitute a solicitation or offer to any person to buy or sell any related securities, financial instruments or financial products. No action should be taken or omitted to be taken based on this document. Tax treatment depends on personal circumstances and may change. This document is not advice on legal, taxation or investment matters so investors must rely on their own examination of such matters or seek advice. Before making any investment (new or continuous), please consult a professional and/or investment adviser as to its suitability. Any opinions expressed may change. All figures, unless otherwise indicated, are sourced from Federated Hermes. Whilst Federated Hermes has attempted to ensure the accuracy of the data it is reporting, it makes no representations or warranties, expressed or implied, as to the accuracy or completeness of the information reported. The data contained in this document is for informational purposes only, and should not be relied upon to make investment decisions. Federated Hermes shall not be liable for any loss or damage resulting from the use of any information contained on these pages. All performance includes reinvestment of dividends and other earnings. Please consider all strategy characteristics when investing and not just ESG characteristics.
Federated Hermes refers to Federated Hermes Limited (“Federated Hermes”). The main entities operating under Federated Hermes are: Hermes Investment Management Limited (“HIML”); Hermes Fund Managers Ireland Limited (“HFMIL”); Hermes Alternative Investment Management Limited (“HAIML”); Hermes Real Estate Investment Management Limited (“HREIML”); Hermes Equity Ownership Services Limited (“EOS”); Hermes Stewardship North America Inc. (“HSNA”); Hermes GPE LLP (“Hermes GPE”); Hermes GPE (USA) Inc. (“Hermes GPE USA”); Hermes GPE (Singapore) Pte. Ltd (“HGPE Singapore”); Federated Investors Australia Services Pty Ltd. (“FIAS”); Federated Hermes Japan Ltd (“FHJL”); Federated Hermes (UK) LLP (“FHUK”) and Rivington Energy (Management) Limited (“REML”). FHL is the majority shareholder in REML. FHUK, HIML, HAIML and Hermes GPE are each authorised and regulated by the Financial Conduct Authority. HAIML and HIML carry out regulated activities associated with HREIML. FHUK, HIML, Hermes GPE and Hermes GPE USA are each a registered investment adviser with the United States Securities and Exchange Commission (“SEC”) and HAIML and HFMIL are each an exempt reporting adviser. HGPE Singapore is regulated by the Monetary Authority of Singapore. FHJL is regulated by Japan Financial Services Agency. FIAS holds an Australian Financial Services Licence. HFMIL is authorised and regulated by the Central Bank of Ireland. REML, HREIML, EOS and HSNA are unregulated and do not engage in regulated activity.
In the European Economic Area (“EAA”) this document is distributed by HFMIL. Contracts with potential investors based in the EEA for a segregated account will be contracted with HFMIL.
Issued and approved by Hermes Investment Management Limited which is authorised and regulated by the Financial Conduct Authority. Registered address: Sixth Floor, 150 Cheapside, London EC2V 6ET. Telephone calls may be recorded for training and monitoring purposes. Potential investors in the United Kingdom are advised that compensation may not be available under the United Kingdom Financial Services Compensation Scheme.