Federated Hermes

Federated Hermes, a US-based financial intermediation services company, reported a total of approximately 164,150 kg CO2e for Scope 1 and 2 emissions in 2024. In 2023, their total emissions were approximately 520,702,000 kg CO2e. For 2022, the company reported total emissions of about 494,754,000 kg CO2e.

Looking at earlier years, Federated Hermes reported approximately 6,110,500 kg CO2e in 2021, and approximately 6,984,600 kg CO2e in 2020. In 2019, total emissions were around 6,742,100 kg CO2e. Data for 2018 and prior years is either unavailable or not specified in the provided dataset.

Federated Hermes has set a long-term intensity reduction target of 66% by 2035, relative to a 2018 baseline, for Scope 1 and Scope 2 emissions. This target is specifically related to their real estate portfolio, aiming for a reduction from 54 kg/m² to a lower intensity level. As of 2023, the intensity had already decreased by 15% since 2018. It is noted that Scope 3 emissions data, specifically for purchased goods and services, is missing for several reporting years. The company's emissions data is not cascaded from a parent organisation.