Hermes Investment Management has joined the United Nations Global Compact, the world’s largest corporate sustainability initiative.
The United Nations Global Compact focuses on 10 universally accepted principles in the areas of human rights, labour, environment and anti-corruption and calls for firms to actively support the UN’s sustainable development goals.
Earlier this year Hermes published a modern slavery statement and a supplier code of conduct, following on from the staff pledge of transparency and responsibility, introduced in 2015.
Saker Nusseibeh, chief executive, Hermes Investment Management, says: “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.”
In September Nusseibeh will lead a roundtable discussion at the 2017 United Nations private sector forum where leading businesses will discuss how they can collectively build sustainable financial markets.
Nusseibeh adds: “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, particularly the sustainable development goals. 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.”