New research highlights correlation between ESG and sovereign spreads
Countries that score highest on environmental, social and governance (ESG) issues benefit from tighter credit default swap (CDS) spreads than those with lower ESG scores, according to new research from the Credit and Responsibility teams at Hermes Investment Management and the Macroeconomic Research team at Beyond Ratings. Pricing ESG risk in sovereign credit, examines the […]
Hermes EOS calls on Alphabet to lead responsible A.I. practice
Ahead of Alphabet’s Annual Meeting of Stockholders on Wednesday 19 June, Dr Christine Chow, Director of Hermes EOS, Hermes Investment Management, highlights the issues she will be raising when she addresses the event, including calling on the company to strengthen Board oversight in its use of artificial intelligence (A.I.). Dr Christine Chow explained: “The power […]
Hermes CEO Saker Nusseibeh signs accords on Carbon Pricing and Carbon
Risk Disclosures
Being good is good business
The world is at a tipping point. Responsible investment, once seen as the preserve of niche green investors, is now mainstream under the rubric of environmental, social and governance (ESG) investing and stewardship. Federated Investors, Inc. (NYSE: FII) and Hermes Investment Management are challenging accepted investment dogma and clarifying the confusion about ESG and fiduciary […]
Rising recessionary risks shifts focus to fiscal fallback options
Monetary policy – which did the heavy lifting in the aftermath of the global financial crisis – has reached its limits. As central banks will be unable to provide the same amount of stimulus that they deployed during previous crises, the next downturn will call for a fiscal response. However, in her latest note, Silvia […]
Hermes strengthens private debt platform with new hire
Hermes Investment Management has announced the appointment of Kevin Roche as a Director for Private Debt and CLO’s. Reporting to the Head of Direct Lending, Laura Vaughan, Kevin will be based in London and will work across the private debt platform. The private debt team manage European and UK direct lending strategies focused on senior-secured […]
When China sneezes, will Germany catch a cold?
Despite promising Q1 growth figures, China’s structural slowdown is likely to continue in the medium-term, which leaves one economy feeling the heat more than others: Germany. With demand for its speciality goods falling, Germany finds itself in a compromised position, with its undesirable domestic conditions failing to act as reassurance. Silvia Dall’Angelo, Senior Economist at […]
Fuelling the M&A pipeline in US oil and gas
Two oil and gas companies, Chevron and Occidental, recently submitted proposals to acquire their peer Anadarko. Audra Stundziaite, Deputy Head of Credit Research at Hermes Investment Management, explores the theme of consolidation in the energy sector and asks: will the deal presage a new buying spree in the Permian Basin? A wave of M&A activity has […]
Five misconceptions of company engagement
The role of an investor in addressing and improving a company’s environmental and social impact through engagement, is being increasingly recognised. However, it remains a young phenomenon for most and therefore many myths around approaches to engagement and a company’s willingness to change exist. In this note, Will Pomroy, Lead Engager of the Hermes SDG Engagement […]
Greater demand for stewardship sees Hermes EOS and ACSI share engagement insight
Hermes Investment Management has today announced that its stewardship and engagement team, Hermes EOS, will work with the Australian Council of Superannuation Investors (ACSI) to provide reciprocal engagement services to their clients and members. Hermes EOS, which provides stewardship services on £26bn of assets for Australian clients, currently provides international engagement services to some ACSI […]
