Federated Hermes
Federated Hermes, a prominent player in the financial intermediation services sector, is headquartered in the United States. Founded in 1955, the company has established itself as a leader in investment management and financial advisory services, catering to a diverse clientele across various regions, including North America and Europe.
Specialising in a range of core products such as mutual funds, institutional investment solutions, and alternative investments, Federated Hermes is distinguished by its commitment to responsible investing and sustainability. The firm has achieved notable milestones, including significant growth in assets under management and recognition for its innovative investment strategies. With a strong market position, Federated Hermes continues to set benchmarks in the industry, emphasising transparency and client-centric solutions.
-6 vs industry average
Federated Hermes’s score of 29 is lower than 43% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Federated Hermes's reported carbon emissions
Federated Hermes, headquartered in the US and operating in financial intermediation services, has reported its carbon emissions for various years. For 2024, the company reported Scope 1 and 2 emissions totalling approximately 164,150 kg CO2e. In 2023, Federated Hermes reported total emissions of approximately 520,702,000 kg CO2e. Prior to this, in 2022, total emissions were approximately 494,754,000 kg CO2e, and in 2021, total emissions were approximately 6,110,500 kg CO2e. Federated Hermes has set climate-related reduction targets. For its real estate portfolio, it aims for a 66% intensity reduction by 2035, building on a 15% reduction achieved since 2018, reaching an intensity of 54 kg/m2 for both Scope 1 and Scope 2 emissions. The company does not appear to have cascaded emissions data from a parent organisation; its initiative sources and performance data originate from Federated Hermes, Inc.
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Federated Hermes’s Climate Goals (2030 & 2050)
2 goals2035
66% reduction in Scope 1
Intensity has decreased 15% since 2018 to reach 54kg/m2 – targeting 66% by 2035.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Federated Hermes
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