The UN Global Compact calls for companies to adhere to 10 universally-accepted principles in the areas of human rights, labour, environment and anti-corruption.
It also asks participating firms to act in support of UN goals and issues embodied in the Sustainable Development Goals – 17 objectives identified by the UN to “end poverty, protect the planet, and ensure prosperity for all”.
The £30.1bn asset manager’s chief executive Saker Nusseibeh said responsible investing had been “at the heart” of Hermes’ philosophy for more than 30 years.
He added: “We are always looking for opportunities to develop and further embed our understanding of the impact our investments have on wider society.
“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.”
Earlier this year Hermes’ published a Modern Slavery statement in accordance with the Modern Slavery Act 2015, and in 2015 introduced staff pledge on transparency and responsibility.
