Our climate action plans
Federated Hermes Limited has published its Climate-related Financial Disclosures Report for 2021. This report highlights our progress in implementing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) across the four pillars of the framework. We detail our governance structure, our strategy for managing climate risks and identifying opportunities, and our risk management, including public policy advocacy and corporate engagement.
For the first time we are publishing our interim targets across our operational and financed emissions, which are further detailed in our Climate Action Plan. We have also advanced our climate-related metric disclosure, notably in coverage and disclosure of our methodologies, and will continue to enhance this section in our next report.
Recognising there is much more work needed to limit temperature warming to less than 1.5°C above preindustrial levels, Federated Hermes Limited will continue to leverage our engagement and proxy voting capabilities, in addition to our advocacy activities.
Approach to deforestation
The halting and reversing of tropical deforestation is essential if we are to avoid the consequences of severe climate change and biodiversity loss. As signatories of the commitment to Eliminating Commodity-Driven Deforestation, we have published our Deforestation Policy Statement which sets out how we intend to meet this commitment. Our Approach to Deforestation document describes the actions we have taken so far in our investment, corporate engagement, and public policy advocacy.
Climate-related Disclosures Report
Climate Action Plan
Deforestation Policy Statement
News and views from COP
Engaging for net zero
EOS, our stewardship service, engages with companies around the globe, encouraging them to put in place strategies that are consistent with the Paris Agreement goals, alongside goals and targets aligned with a 1.5°C pathway.
The last decade has seen many climate change targets missed or watered down. New COP policy is likely to trigger a resurgence in momentum to meet the most important goals. Here, we list some of the milestones that are worth watching out for: