New research shows relationship between ESG factors and credit spreads
Hermes Investment Management, the £28.5 billion manager committed to delivering holistic returns – outcomes for its clients that go far beyond the financial, has today published research by its Credit and stewardship teams demonstrating the impact of ESG (environmental, social and governance) factors on credit spreads, and developed a pricing model to capture the influence […]
Governance issues to be highlighted at Rio Tinto AGM
Hermes intends to vote against Chairman due to lack of diversity progress Joins investor group in calling for further disclosure on climate risks Ahead of the Rio Tinto AGM tomorrow, Bruce Duguid, Stewardship Director within the Hermes EOS team at Hermes Investment Management, highlights two areas of focus in our engagement with the company. Environmental […]
Hermes Responds To The Triggering Of Article 50
Saker Nusseibeh, Chief Executive: One of the main flaws of this entire process, indulged in by both sides, is to talk as if the effects of Brexit would be instantaneous or clear-cut once it is triggered. To restate the obvious, Brexit is a long, complicated and arduous set of negotiations, of which the commercial outcomes […]
Hermes‘ response to the UK Corporate Governance Reform Green Paper
Hermes Investment Management has responded to the UK government’s green paper on corporate governance reform. Our response is available to read here: BEIS Corporate Governance Green Paper – Hermes response Share:
Hermes calls for enhanced corporate governance regime for private infrastructure assets
Hermes Investment Management (Hermes), the £28.6 billion manager focused on delivering superior, sustainable, risk adjusted returns to its clients – responsibly, is calling for an enhanced corporate governance code for private infrastructure assets. The code would provide essential social services to help close the governance gap and ensure consistent and optimal outcomes for investors, employees […]
Chief Executive Saker Nusseibeh and Group Chief Economist Neil Williams respond to a clear ‘Leave’ majority vote
Saker Nusseibeh, Chief Executive: With the vote decided yesterday, we now have to move away from the rhetoric that typified this campaign. Prior to the referendum, we ran several scenarios on our strategies, and we are reasonably confident that they were well positioned for a Brexit vote in the short term. However, we are watching […]
Navigating low carbon pathways
The current economic and financial models used by the investment industry need to be reconsidered if the targets outlined in the 2015 Paris Climate Change Agreement are to be reached, according to a new report entitled Navigating low-carbon pathways from Hermes Investment Management. Doing so is the only way to address the valuation threats climate change poses to […]
Quad Gas Group acquires 61% stake in National Grid Gas Distribution
Quad Gas Group, a consortium of long-term infrastructure investors, today announces that it has entered into an agreement with National Grid plc to acquire a 61 percent shareholding in its four regulated gas distribution networks. These gas distribution networks cover the East of England, North London, North West and West Midlands, and distribute gas to […]
Hermes responds to the UK Government’s paper on corporate governance reform
Leon Kamhi, Head of Responsibility at Hermes Investment Management, comments on today’s publication, Corporate governance reform, by the UK Government: “The additional measures proposed today by the Government look set to strengthen investors’ hand on pay, and it is now incumbent on both companies and us as investors to respond to the challenge of excessive […]
Hermes calls for overhaul of CEO and executive remuneration models
Hermes Investment Management (Hermes), the £28.6 billion manager focused on delivering superior, sustainable, risk adjusted returns to its clients – responsibly, is calling on large publicly listed companies to overhaul current executive remuneration models. In its paper ‘Remuneration Principles: clarifying expectations’, Hermes outlines why well-structured remuneration practices are key to aligning the activities of management with […]
