Hermes Joins United Nations Global Compact

Sep 11 2017 | 7:26pm ET

Global investment manager Hermes Investment Management has joined the United Nations Global Compact, the world’s largest corporate sustainability initiative.

The United Nations Global Compact is a commitment to align corporate operations and strategies with ten universally accepted principles in the areas of human rights, labor, environmental stewardship and anti-corruption, and to take action in support of UN goals and issues embodied in the organization’s sustainable development goals.

Hermes is well known in the area of corporate responsibility and governance. It recently published a statement against modern slavery, established a supplier code of conduct earlier this year introduced a staff pledge of transparency and responsibility in 2015. As part of this stance, the company’s $403 billion Hermes EOS engagement and stewardship team is a leading advisory service enabling clients to be responsible investors and owners of companies.

“For over thirty years, responsible investing has been at the heart of Hermes and we are always looking for opportunities to develop and further embed our understanding of the impact our investments have on wider society,” said CEO Saker Nusseibeh in a press release. “We are committed to making the UN Global Compact and its principles part of the strategy, culture and day-to-day operations of our company, and to engaging in collaborative projects which advance the broader development goals of the United Nations. 

“We believe that this is not only the right thing to do but that sustainable growth creates a more sustainable financial ecosystem for the benefit of all,” he added. 

Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world, with more than 9,500 companies and 3,000 non-business signatories based in over 160 countries, and more than 70 local networks.

Headquartered in London, Hermes manages £28.6 billion on behalf of more than 330 clients across equities, fixed income, alternatives and real estate strategies.

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