We have a long-standing commitment to increasing diversity and inclusion in our business and acknowledge that we need to make further progress.
Our mission is clear. It is to foster and promote a culture of inclusion which celebrates all forms of diversity.
We aim to appeal to, and retain, a diverse workforce. We encourage innovation and creativity, with a view to helping our employees maximise their potential.
We believe in equal opportunities for all. No current or prospective employee is treated less favourably on the basis of:
We are committed to supporting a fair and ethical workplace for all our colleagues. We welcome the attention that the gender pay gap reporting regulations have given to gender and wider DEI agendas, and we will continue to report annually on our mean and median pay and bonus gaps.
In doing so, we will analyse the data to better understand the factors causing our pay gap, as well as what needs to be done to close it. For more information, including this year's Gender Pay Report, please click here.
Source: Federated Hermes Limited
Federated Hermes remains fully committed to supporting the Women in Finance Charter and its objective of attaining gender balance across all levels of financial services.
Having achieved our original 2018 targets which we set in 2016, we did miss our 2021 target. A contributory factor was the acquisition in 2021 of two business areas. We, nonetheless, remain committed to our 2025 targets of 50% across the firm, including Senior Management and the Board.
For more information on the work we’re doing please click below:
We are members of a number of networks and forums – including the Diversity Project, the 30% Club, InterInvest, and Business Disability Forum, City Hive, Change the Race Ratio, BITC (Business in the Community). We seek further opportunities to improve diversity and inclusion; working in this industry should be attractive and accessible for all.
We recognise that a diverse and inclusive workplace provides real benefits to employees and supports stronger long-term business performance. As well as doing the right thing for its own sake, we believe DEI to be business critical. Diverse perspectives and an inclusive environment promote creativity and innovation, better decision making, adaptability, and problem solving. This helps make Federated Hermes a great place to work.
Although we have a long-standing commitment to these agendas, we acknowledge that we need to make further progress. In response, our Executive Committee (ExCo) and Board have endorsed the below DEI strategy and a three-year action plan to help us achieve our mission.
The strategy is focused on several key themes: leadership, practices, people and the environment. These themes encompass all areas of our business, enabling greater diversity and inclusion integration.
The following activities have been undertaken:
Looking beyond our own DEI practices, we advocate throughout the asset management industry, and more broadly, seeking further opportunities to improve diversity and inclusion.
We understand that our work in this area will take time, but we are committed to ensuring it is seen as a priority, every step of the way.