The Global Network Initiative (GNI) welcomes the international business of Federated Hermes as the newest member of our investor constituency. It joins our growing network of companies, academics, investors, human rights and press freedom groups working to protect and advance freedom of expression and privacy in the information and communications technology (ICT) sector.
The international business of Federated Hermes provides specialized capabilities across equity, fixed income and private markets, in addition to multi-asset strategies and proven liquidity-management solutions. Representing assets under advice of US$1.3 trillion, EOS at Federated Hermes, the engagement and stewardship team, offers world-leading stewardship services and company engagement on strategic and sustainability concerns to promote investors’ long-term performance and fiduciary interest.
“We have long been engaging in privacy and freedom of expression issues within the ICT sector. Recently, we analyzed the issues arising from an increasing use of artificial intelligence in the sector. We are fully committed to the GNI Principles and Implementation Guidelines,” said Bruce Duguid, EOS at Federated Hermes Head of Stewardship.
The international business of Federated Hermes believes that understanding how a company manages human rights can demonstrate its broader corporate culture and approach to enterprise risk management. It engages with companies using the United Nations Guiding Principles on Business and Human Rights framework and seeks to understand salient risks from a rights holder and business perspective.
“As a member of the Investor Alliance for Human Rights and a founding signatory to the UN-backed Principles for Responsible Investment (PRI) cobalt supply chain working group, Federated Hermes will not only strengthen our investor constituency, but our discussions on critical issues affecting freedom of expression and privacy online in different sectors,” said Judith Lichtenberg, GNI Executive Director.