In alignment with our mission, the objectives and actions of our Inclusion Strategy are focused on three key themes: leadership, practices, and people and the environment. These themes encompass all areas of our business, enabling greater diversity and inclusion integration throughout the firm. Activities will include:
- Establishing an Inclusion Committee, comprised of senior members of the firm, who will be responsible for the inclusion agenda and holding us all, including ExCo, to account through reporting and communications with updates on our progress.
- Reviewing our policies and processes to ensure they are inclusive, transparent, and in-line with best practice.
- Seeking input and feedback from our employees through our engagement survey and conducting focus groups in order to understand our current culture of inclusion and the gaps in our past inclusion efforts.
Looking beyond our own D&I practices, we will also advocate for D&I throughout the asset-management industry and more broadly. We are already members of a number of networks and forums – including the Diversity Project, the 30% Club, InterInvest, and the Employers Network for Equality & Inclusion – and will continue to look for more opportunities to collaborate and share best practices so that working in asset management is attractive and accessible for all.
Our Strategy and actions are more than simply being aligned to our core values and the right thing to do – they are business critical. Diverse perspectives and an inclusive environment promote creativity and innovation, better decision making, adaptability, and problem solving, all of which enhance our client service and relationships, help us to reflect the communities we serve, and make Federated Hermes a great place to work.
This work will take time, but we are committed to ensuring it is seen as a priority – every step of the way.
At the end of 2020, Saker Nusseibeh, CEO of the International business of Federated Hermes, detailed additional commitments for the firm around ethnic diversity. To read his statement please click here.