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 19 is lower than 86% 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 2022, Federated Hermes reported total carbon emissions of approximately 5,606,900 kg CO2e. This figure represents a decrease from 6,084,600 kg CO2e in 2021 and 6,984,600 kg CO2e in 2020, indicating a positive trend in emissions reduction. The company has set ambitious long-term targets, aiming for a 66% reduction in emissions intensity by 2035, building on a 15% decrease since 2018, which has brought their intensity down to 54 kg/m². While specific data for Scope 1 and Scope 2 emissions is not disclosed, the company is actively working on reducing its carbon footprint through various initiatives. Notably, the emissions data is sourced from Federated Hermes, Inc., with no cascaded data from a parent company. Overall, Federated Hermes is committed to enhancing its sustainability practices and reducing its environmental impact, aligning 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.
