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 23 is lower than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Federated Hermes's reported carbon emissions
In 2022, Federated Hermes reported total carbon emissions of approximately 5,606,900 kg CO2e. This figure reflects a significant reduction from previous years, with emissions of about 6,110,500 kg CO2e in 2021 and 6,984,600 kg CO2e in 2020. The company has demonstrated a commitment to reducing its carbon footprint, achieving a notable decrease in emissions over the past few years. Federated Hermes's emissions data primarily encompasses Scope 1 and 2 emissions, with a reported carbon intensity of 0.0473 tonnes CO2e per million dollars in sales for these scopes in 2022. The company has not disclosed specific targets under the Science Based Targets initiative (SBTi) or other formal reduction initiatives, indicating a potential area for future commitment. Overall, Federated Hermes is actively working towards lowering its carbon emissions, aligning with broader industry trends focused on sustainability and climate responsibility.
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 committed to any reduction initiatives 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.
