Stockholm (NordSIP) – Recent announcements have created an expectation that ESG integration in stewardship will receive renewed attention by the asset management industry from 2021 onwards. Moving to ensure it does not fall behind the rest of the pack, ABN AMRO appointed EOS at Federated Hermes to support the Dutch bank’s engagement services across its private banking equity and fixed income assets.
EOS at Federated Hermes is a leading provider of stewardship services based in the UK. In 2019, the EOS team engaged with 1,043 companies on 2,854 environmental, social, governance, strategy, risk and communication issues and objectives. As of the end of 2020, it advised a portfolio of clients with total asset under management worth US$1.28 trillion.
“The pandemic has shown the importance of businesses maintaining strong relations with key stakeholders and a social license to operate, underpinned by a clearly articulated and meaningful corporate purpose, in order to sustainably create value,” Dr Hans-Christoph Hirt, Head of EOS at Federated Hermes, said. “While many companies have faced short-term pressures, it is important now more than ever that they demonstrate a long-term approach to sustainability. We look forward to working collaboratively with ABN AMRO and supporting them through global, systematic and effective stewardship on behalf of their clients.”
“Our clients are increasingly looking to invest their assets sustainably and want to know that the companies we are investing in on their behalf are acting responsibly,” Vincent Triesschijn, Director Sustainable Investment at ABN AMRO added. “We firmly believe in the concept of active ownership and through our partnership with EOS we can have more impact to engage these companies on the risks and opportunities pertaining to long-term sustainable wealth.”