We permit the publication of our auditors’ report, provided the report is published in full only and is accompanied by the full financial statements to which our auditors’ report relates, and is only published on an access-controlled page on your website, to enable users to verify that an auditors’ report by independent accountants has been commissioned by the directors and issued. Such permission to publish is given by us without accepting or assuming any responsibility or liability to any third party users save where we have agreed terms with them in writing.

Our consent is given on condition that before any third party accesses our auditors’ report via the webpage they first document their agreement to the following terms of access to our report via a click-through webpage with an 'I accept' button. The terms to be included on your website are as follows:

I accept and agree for and on behalf of myself and the Trust I represent (each a "recipient") that:

  1. PricewaterhouseCoopers LLP (“PwC”) accepts no liability (including liability for negligence) to each recipient in relation to PwC’s report. The report is provided to each recipient for information purposes only. If a recipient relies on PwC’s report, it does so entirely at its own risk;
  2. No recipient will bring a claim against PwC which relates to the access to the report by a recipient;
  3. Neither PwC’s report, nor information obtained from it, may be made available to anyone else without PwC’s prior written consent, except where required by law or regulation; and
  4. PwC’s report was prepared with Hermes Property Unit Trust's interests in mind. It was not prepared with any recipient's interests in mind or for its use. PwC’s report is not a substitute for any enquiries that a recipient should make. The financial statements are as at 25 March 2017, and thus PwC’s auditors’ report is based on historical information. Any projection of such information or PwC’s opinion thereon to future periods is subject to the risk that changes may occur after the reports are issued and the description of controls may no longer accurately portray the system of internal control. For these reasons, such projection of information to future periods would be inappropriate.
  5. PwC will be entitled to the benefit of and to enforce these terms.
I accept

1. Select your country

  • United Kingdom
  • Austria
  • Australia
  • Belgium
  • Denmark
  • Finland
  • France
  • Germany
  • Iceland
  • Ireland
  • Italy
  • Luxembourg
  • Netherlands
  • Norway
  • Singapore
  • Spain
  • Sweden
  • Switzerland
  • USA
  • Other

2. Select your investor type

  • Financial Advisor
  • Discretionary Investment Manager
  • Wealth Manager
  • Family Office
  • Institutional Investor
  • Investment Consultant
  • Charity, Foundation & Endowment Investor
  • Retail Investor
  • Press
  • None of the above

3. Accept our terms and conditions

By clicking Proceed I confirm I have read the important information and agree to the terms of use.


The Hermes Investment Management website uses cookies to remember your preferences and help us improve the site.
By proceeding, you agree to cookies being placed on your computer.
Read our privacy and cookie policy.


Hermes EOS

Home / Stewardship / EOS Literature

Policy Documents

Regional Corporate Governance Principles

Public Engagement Reports

Q3 2018 (Shareholder Rights Directive, Board management, Board rumeneration, board evaluations)
Q2 2018 (Circular Economy, Firearms, Overboarding and Independence, Challenges for the tech sector)
Q1 2018 (Climate change, Cobalt, Dominant founders and families, Cybersecurity)

Q4 2017 (Pollution and waste management, Antibiotics, Listing rules, China)
Q3 2017 (TCFD recommendations, Diversity, Cross-shareholdings in Japan, Stewardship in Brazil)
Q2 2017 (Water, Dakota Access Pipeline, Voting season, Stewardship codes in Asia)
Q1 2017 (Automotive sector, Bribery and corruption, Corporate governance failures, Stewardship in the US)

Q4 2016 (CDP disclosure, Western Sahara, Board composition, Stewardship in South Korea)
Q3 2016 (Bee welfare, Pharma industry, Chair vs CEO, Supervisory boards in Germany)
Q2 2016 (Palm oil, Supply chain management in Bangladesh, Remuneration, Mining)
Q1 2016 (Low oil price, Indigenous rights, Corporate governance in Japan, Value-add of intangibles)

Q4 2015 (Paris Agreement, Conflict minerals, Stewardship codes, Volkswagen's emissions scandal)
Q3 2015 (Carbon pledges, Diversity, Multi-class share structures, Brazil's resources sector)
Q2 2015
 (Engagement vs divestment, Labour rights in Qatar, US corporate governance, Banks and conduct)
Q1 2015 (The road to Paris, Cyber security, Taxation, ESG integration in real estate)

Annual Reports

Voting Disclosure

This is a description of Hermes EOS' historic voting recommendations where we opposed management on one or more resolutions on behalf of our clients. We publish our voting disclosure one quarter in arrears so that we are transparently accountable but our dialogue with companies around voting issues is not compromised. Company meetings where we have recommended voting in line with management on all resolutions are currently not displayed.

Q2 2018
Q1 2018

Q4 2017
Q3 2017
Q2 2017
Q1 2017

Q4 2016
Q3 2016
Q2 2016
Q1 2016

Q4 2015
Q3 2015
Q2 2015

Q1 2015

Public Policy Consultations