The international business of Federated Hermes has maintained the highest rating “A+” for Strategy and Governance from the UN Principles for Responsible Investment (PRI) in its latest annual responsible investing assessment.
This grading is a testament to the firm’s high standard of responsible investment in its governance processes and across all asset classes. The company received an above average rating in every relevant category.
As part of the assessment, the business was awarded an “A+” grading for a number of categories across equities, fixed income, stewardship and private markets, the majority of which had median scores of “B”. Hermes GPE, a subsidiary of Federated Hermes, was also awarded an overall “A+” score for Strategy and Governance, with an “A” and an “A+” for Private Equity and Infrastructure respectively.
“Having continuously and vocally advocated for change in helping shape capital markets, I am extremely proud to see our hard work and expertise in this field has again been recognised by such a well-regarded industry authority. As a firm we have driven higher industry standards and consistently delivered strong returns as a result of our sustainable approach to investment for over 30 years. Our efforts however do not stop here, and we continue to push boundaries to create a sustainable future for clients and society.”Saker Nusseibeh, CBE, Chief Executive at the international business of Federated Hermes
Federated Hermes continues to advance its leadership in active stewardship, ESG integration, impact and advocacy across the globe and has this year undergone a significant expansion to its stewardship team, EOS. The firm now has over 60 professionals working across its stewardship and responsibility teams, making it one of the largest resources of its kind in the world.
This major investment reflects Federated Hermes’ conviction that active ownership is vital in serving its clients and their investors. Since July 2018, EOS has added over $500bn of assets under advice, passing $1trillion during the first quarter of 2020.