Federated Hermes marks Global Recycling Day

Improving sustainability through recycling

As an active investor, we believe we have an important role to play in engaging companies to encourage responsible business practices. As a result, we frequently engage companies on a range of issues from accelerating the transition to a net-zero-carbon economy to human rights issues. 

What’s more, the Federated Hermes Pledge underpins our firm-wide commitment to always put clients first, and to act responsibly and transparently. Specifically, it encourages staff to “act with consideration for our community and the environment both now and in the future” and asks us to encourage others to do the same.

It follows that we are keenly aware of the need to act as a responsible firm ourselves - and this extends to our recycling practices.

Driving better recycling in our London office

To mark Global Recycling Day, we highlight the recycling efforts at 150 Cheapside¹ in 2019:

• The amount of waste produced decreased by 14.2% year-on-year
• The weight of recyclable waste increased by 77.1%
• Through our waste separation efforts, we recycled:
  • 28 tonnes of glass bottles
  • 90 tonnes of food
  • 27 tonnes of cardboard
  • 50 tonnes of dry recyclables
• We did not send any waste to landfill
• The recycling rate increased throughout the year, from 58% in January to a peak of 77% in November.

As an asset manager, our goals are to help individuals invest and retire better, to help clients achieve better risk-adjusted returns, and to contribute to positive outcomes in the wider world. That’s why we are committed to acting not only as a responsible investor but as a responsible firm too – and we will continue to focus on our recycling efforts to safeguard our planet for future generations.