Federated Hermes

Pennsylvania
Diversified Financials

Corporate Bias Rating

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Risk Level:

Rating - Caution
Medium Risk

Summary:

Federated Hermes does not provide viewpoint protections for its employees but has not publicly canceled business relationships based on views or beliefs. Federated Hermes is a signatory of the Principles for Responsible Investment, incorporating ESG issues into investment analysis, decision-making, and other business practices. Federated Hermes Limited is part of the Net Zero Asset Managers Initiative, committed to carbon neutrality with its investments by 2050. Federated Hermes appears to prioritize diversity over merit in its hiring and leadership composition by establishing racial and gender targets. Federated Hermes is a signatory of the Race at Work Charter and the Change the Race Ratio. Federated Hermes actively encourages shareholders to vote for ESG and DEI proposals, describing DEI proposals as a "business imperative". However, Federated Hermes does not discriminate against charitable organizations based on views or beliefs and has not used its corporate funds or political contributions for ideological purposes. For these reasons, Federated Hermes receives a Medium Risk rating.

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