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ESG engagement provider used by pension funds lands in hot water

Investment manager and engagement provider Federated Hermes, which is used by several pension firms in their ESG engagement, has been revealed to be one of the largest sponsors of the State Financial Officers Foundation, a networking and lobbying organization working against the climate agenda.
CIO at Akademikerpension Anders Schelde | Photo: PR/MP Pension
CIO at Akademikerpension Anders Schelde | Photo: PR/MP Pension
by dorthe bach, translated by catherine brett

Danish Pension firms including Akademikerpension, P+, PensionDanmark and LD Fonde use Federated Hermes to screen their investments and provide engagement, a practice that is now being questioned, Danish business daily Børsen reports.

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