Federated Hermes Sustainability Profile
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 54% 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 520.7 million kg CO2e. This figure reflects a significant increase from 2022, when emissions were about 494.8 million kg CO2e. The company has not disclosed specific data for Scope 1, Scope 2, or Scope 3 emissions, indicating a lack of detailed breakdowns for these categories. Federated Hermes has set ambitious long-term reduction targets, aiming for a 66% decrease in intensity for both Scope 1 and Scope 2 emissions by 2035, building on a 15% reduction achieved since 2018, which has brought their intensity down to 54 kg/m². This commitment underscores their dedication to improving energy efficiency and reducing their carbon footprint. The emissions data is not cascaded from a parent company, and all figures are independently reported by Federated Hermes, Inc. The company continues to focus on enhancing its sustainability practices and aligning with industry standards for climate action.
How Carbon Intensive is Federated Hermes's Industry?
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Federated Hermes's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Federated Hermes has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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