The international business of Federated Hermes has signed up to the Net Zero Asset Managers initiative. The initiative represents a commitment from all signatories to work with their clients to reach net zero emissions alignment across their portfolios by 2050 or sooner and set interim 2030 emissions reduction targets.
Launched in December 2020, there are now a total of 128 investors, collectively managing $43tn in assets, committed to the initiative’s net zero goal – that’s almost half of the entire asset management sector globally in terms of total funds managed.
Speaking to the Institutional Investors Group on Climate Change (IIGCC), our CEO Saker Nusseibeh, CBE, said: “The position that we occupy as the investment management industry is one of unique influence. By way of intelligent and considered stewardship of capital we have the potential to effect genuine and positive change. Conversely, collective inertia risks compounding the crisis we face to an irreversible extent. It is for these reasons that we have a responsibility to make the right choices, to the benefit of our clients, their end beneficiaries and indeed society at large.
“We are proud to join the Net Zero Asset Managers initiative as a demonstration of our commitment to accelerate the transition to global net zero emissions.”
To find out more about the initiative, click here.