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 higher than 76% 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, where 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, starting from a baseline established in 2018. As of the latest report, they have achieved a 15% reduction in emissions intensity, reaching 54 kg CO2e/m². This target applies to both Scope 1 and Scope 2 emissions, reflecting their commitment to improving energy efficiency and reducing their carbon footprint. Overall, while the company has made strides in reducing emissions intensity, the increase in total emissions highlights the ongoing challenges in achieving comprehensive climate commitments.
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.
