How does gender bias manifest itself in the business environment?

The award-winning study ‘ESG shareholder engagement and downside risk’, which uses engagement data from Hermes EOS, reveals that companies that are successfully engaged by EOS exhibit a lower risk profile, particularly when environmental issues are tackled.

Climate risk is often characterised as physical risk or transitional risk - terminology popularised by the Task Force on Climate-related Financial Disclosures (TCFD).

Hermes EOS has actively engaged with some of the world’s largest emitters of greenhouse gasses, asking for development of more sustainable long-term business models, reductions in greenhouse gas emissions and improved governance and disclosure.

In August 2019, Tencent appointed its first female director following Hermes EOS engaging with the company on gender equality. We believe that by encouraging change at Tencent, there will be a multiplier effect on other technology companies, both in China and globally.

Ping An has made substantial progress on managing climate change and disclosing its approach to AI governance. This case study explores how Hermes EOS has engaged with the company on these topics since 2017.