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Federated Hermes, Inc. (formerly Federated Investors, Inc.)

PRI reporting framework 2020

You are in Strategy and Governance » Promoting responsible investment

責任投資の促進

SG 09. Collaborative organisations / initiatives

09.1. 報告年度に組織がメンバーであったり、参加していた協働組織やイニシアチブ、ならびにそこで組織が果たした役割のレベルを選択してください。

当てはまるもの全てを選択してください

イニシアチブにおける組織の報告年度の役割(定義を参照)

組織のイニシアチブへの関与の度合について、簡単に説明してください。[任意]

  • Federated attended the PRI in Person global conference in Paris and a regional event in New York City.
  • Federated was a panelist on a Responsible Investment Panel along with the PRI's Head of the Americas at a responsible impact investing seminar designed to educate pension funds about the benefits of ESG criteria when considering real estate portfolio investments.

イニシアチブにおける組織の報告年度の役割(定義を参照)

組織のイニシアチブへの関与の度合について、簡単に説明してください。[任意]

Federated is a signatory of the CDP Climate Change.

イニシアチブにおける組織の報告年度の役割(定義を参照)

組織のイニシアチブへの関与の度合について、簡単に説明してください。[任意]

Federated is a signatory of the CDP Forests.

イニシアチブにおける組織の報告年度の役割(定義を参照)

組織のイニシアチブへの関与の度合について、簡単に説明してください。[任意]

Federated is a signatory of the CDP Water.

イニシアチブにおける組織の報告年度の役割(定義を参照)

組織のイニシアチブへの関与の度合について、簡単に説明してください。[任意]

          Responsible Investment Association
        

イニシアチブにおける組織の報告年度の役割(定義を参照)

組織のイニシアチブへの関与の度合について、簡単に説明してください。[任意]

          ICI ESG Task Force
        

イニシアチブにおける組織の報告年度の役割(定義を参照)

組織のイニシアチブへの関与の度合について、簡単に説明してください。[任意]

          SASB
        

イニシアチブにおける組織の報告年度の役割(定義を参照)

組織のイニシアチブへの関与の度合について、簡単に説明してください。[任意]

During the course of the reporting year we deepened our relationship with SASB.  Federated Hermes investment teams increasingly incorporated SASB sector materiality maps into their proprietary investment strategy frameworks.  SASB thematic deep dive webinars provided investment teams with relevant sector insights.  Our Director of Responsible Investing now serves as a member of the SASB Standards Advisory Board, a group of volunteer industry experts who advise SASB on emerging issues that should be considered in the standards development process.


SG 09.2. Assets managed by PRI signatories (Not Applicable)


SG 10. Promoting RI independently

10.1. 組織が、協働的イニシアチブとは別に、独自に責任投資を推進しているかどうかについて記載して下さい。

10.2. 組織が協働的イニシアチブとは別に、独自に責任投資を推進するために行っているものを明示して下さい。選択した行動の目的に貢献するために組織が果たす役割と通常の行動頻度について説明して下さい。

説明

          A presentation was developed by our Equity Strategist regarding the ever-increasing relevancy and importance of ESG factors within the investment process.  The presentation is targeted to financial advisors and is approved for CE credit.  Also, an employee training module on the topic of ESG investing was developed for a client asset owner and provided to them for use as an online training resource.
        

行動の頻度

説明

          Federated engaged two recognized experts in U.S. trust and fiduciary law to frame the conditions under which they believe ESG investing (defined as negative screening, ESG integration or impact investing) is possible by a fiduciary subject to U.S.  Federated hosted a symposium for clients, broker dealers, investment advisers and legal advisers where the findings from their scholarly analysis were presented, debated and discussed.
        

行動の頻度

説明

          Federated's Director of Responsible Investing serves as an Adjunct Professor of Sustainable Finance at the University of Rochester Simon Business School in New York.  In his professorship, Mr. Jarzebowski supervises ESG academic research and lectures in sustainable finance to MBA and Masters level students for one of the top ranked graduate finance programs in the United States.
        

行動の頻度

説明

          Federated responded to a request for input from the U.S. GAO (General Accountability Office) regarding ESG disclosure by public companies.  During our meeting Federated recommended standardizing disclosure by using the SASB and TCFD frameworks across the industry.  We also endorsed the use of the UK gender pay gap reporting framework.
        

行動の頻度

説明

          Our Director of Responsible Investing and Director of ESG Integration International are regular speakers and panelists at industry conferences.  Also, our CIO of Liqudity spoke at three global financial institution conferences regarding the role of ESG integration in short-term debt instruments.
        

行動の頻度

説明

          A paper regarding the role of ESG integration within liquidity products, i.e. short-term debt instruments, was co-authored by Federated's CIO of Global Liquidity, the Head of the Responsible Investing Office and the Director of ESG Integration International.  Also, our Director of Responsible Investing has authored three articles related to ESG integration which reside on our public website.  Each of the articles highlights a specific topic related to responsible investing including a case study on the importance of corporate governance in private markets, the sustainability and materiality of global drug pricing, and the role of ESG integration in the investment process for purposes of risk mitigation.
        

行動の頻度

説明

          Federated's Director of Responsible Investing has authored multiple articles which reside on our corporate website, have been featured in financial media, and have been distributed to employees, clients, prospective clients, and the general public.  Each of the articles highlights a specific topic related to responsible investing including a case study on the importance of corporate governance in private markets, the sustainability and materiality of global drug pricing, and the role of ESG integration in the investment process for purposes of risk mitigation.  Many of the same financial publications contact our Director of Responsible Investing for interviews on the topice of ESG integration and ESG generally.
        

行動の頻度

説明

          Federated's Director of Responsible Investing has become a member of the Standards Advisory Board of the Sustainability Accounting Standards Board (SASB).  He will serve in the Healthcare sector. The SASB Standards Advisory Group is comprised of volunteer industry experts who advise SASB on emerging issues that should be considered in the standards development process.
        

行動の頻度

10.3. 組織が責任投資の推進のために、報告年度中に参加した追加の活動およびイニシアチブがあれば、それらを記載して下さい。[任意]


SG 11. Dialogue with public policy makers or standard setters

11.1. 報告年度において、責任投資を支援するために、組織が単独で、あるいは他組織との協働により、政策立案者や規制当局との対話を行ったかどうかを記載してください。

はいの場合

11.2. 使用した方法を選択してください。

11.3. (単独でまたは協働により)政府または規制当局に書面を提出した場合、その書面が一般に入手できるかどうかを記載してください。

11.4. 組織が公共政策立案者または規制当局と話し合いを行った主なテーマの概略を記載して下さい。

Federated conducted face-to-face meetings with the Securities and Exchange Commission (SEC) commissioners and with the GAO (U.S. Government Accountability Office).  With the SEC, Federated reviewed an analysis done by two legal scholars on the law and economics of ESG investing by a fiduciary subject to U.S. law in order to provide a framework for discussion.  With GAO, Federated was asked to comment for a study it was conducting regarding ESG disclosures by publicly traded companies.

U.S. Fiduciary Law

Federated Hermes met with the SEC commissioners regarding fiduciary law, ERISA and ESG investing.  Federated engaged two recognized experts in U.S. trust and fiduciary law to frame the conditions under which they believe ESG investing (defined as negative screening, ESG integration or impact investing) is possible by a fiduciary subject to U.S. law.  Their legal and scholarly analysis of the law and economics of ESG investing by a fiduciary subject to U.S. law provided a framework for discussion.

ESG Disclosure by Publicly Traded Companies

Federated participated in conversations with the GAO regarding a study the agency was conducting examining issues related to ESG disclosures by publicly traded companies.  Discussions focused on the extent to which public companies address ESG matters in their public disclosures, the extent to which investors seek greater disclosure, options for Congress to consider and how U.S. ESG disclosure differs from those of other countries.


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