Federated Hermes
Federated Hermes, Inc., a prominent player in the investment management industry, is headquartered in the United States. Founded in 1955, the company has established itself as a leader in providing a diverse range of investment solutions, including mutual funds, institutional asset management, and alternative investments. With a strong focus on responsible investing, Federated Hermes integrates environmental, social, and governance (ESG) factors into its investment processes, setting it apart in a competitive market. The firm operates across major regions, including North America, Europe, and Asia, and has achieved significant milestones, such as the expansion of its global footprint and the enhancement of its product offerings. Known for its commitment to client service and innovative investment strategies, Federated Hermes continues to solidify its market position, earning recognition for its sustainable investment practices and robust performance.
DitchCarbon Score
How does Federated Hermes's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Federated Hermes's score of 25 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Federated Hermes's reported carbon emissions
In 2022, Federated Hermes reported total carbon emissions of approximately 5,606,900 kg CO2e. This figure represents a decrease from 2021, when emissions were about 6,110,500 kg CO2e. Over the past few years, the company has shown a commitment to reducing its carbon footprint, with emissions in 2020 recorded at approximately 6,984,600 kg CO2e and in 2019 at about 6,742,100 kg CO2e. Despite these reductions, Federated Hermes has not disclosed specific targets for emissions reduction or any initiatives under the Science Based Targets initiative (SBTi). The company has not provided detailed data on Scope 1, 2, or 3 emissions, indicating a potential area for improvement in transparency regarding its overall climate impact. As a global investment firm headquartered in the US, Federated Hermes is positioned to influence sustainable practices within the financial sector. However, the absence of formal reduction targets or climate pledges suggests that further commitments may be necessary to align with industry standards for climate action.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Federated Hermes is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
