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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 28 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Federated Hermes's reported carbon emissions
In 2023, Federated Hermes reported total carbon emissions of approximately 520,702,000 kg CO2e. This marks an increase from 2022, when emissions were about 494,754,000 kg CO2e. The company has not disclosed specific data for Scope 1, Scope 2, or Scope 3 emissions, indicating a lack of detailed breakdown in their reporting. Federated Hermes has set ambitious long-term reduction targets, aiming for a 66% decrease in emissions intensity by 2035, building on a 15% reduction achieved since 2018. The current emissions intensity stands at 54 kg CO2e/m². This commitment reflects their focus on improving operational efficiency and reducing environmental impact. The emissions data is sourced directly from Federated Hermes, Inc., with no cascading from a parent or related organization. The company is actively engaged in sustainability initiatives, although specific Science-Based Targets (SBTi) have not been established. Overall, Federated Hermes is working towards enhancing its climate commitments and reducing its carbon footprint in alignment with industry standards.
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.
