Our Approach

We believe that environmental, social and governance issues can affect the financial performance of companies. We have a responsibility to take these issues seriously and where appropriate, act upon them. We have also produced a Statement of Responsible Investment Principles and the Stewardship Code. 

We’ll pursue a policy of constructive engagement with companies on issues which are consistent with our fiduciary responsibilities. Our overriding obligation is to act in the best financial interests of the members of the funds. We’ll collaborate with other like-minded investors to pursue company engagement. The Local Government Pension Scheme (Scotland) Advisory Board produced guidance in a letter to Scottish Pension Funds on fiduciary duty. We also have an introductory guide to Responsible Investment Reporting and the Pensions Committee regularly receives reports at its meetings. Pensions committee papers can be found here, and Pension Sub-committee papers here.  

Case Studies 

Please find below links to samples of engagement undertaken by Hermes:

Heineken    Takeda Pharmaceutical     Burberry    Alphabet    Japan Tobacco    Associated British Foods    BP    ExxonMobil    DBS   Air Liquide       

Publications

  • ESG Collaboration Page

  • PRI Assessment 2020

  • LPF - The Stewardship Report - 2021

  • Statement of Investment Principles

My Pension Online