Connect with us

Top Stories

First State Super appoints Hermes EOS for stewardship services

First State Super appoints Hermes EOS for stewardship services

Hermes Investment Management has today announced that its stewardship and engagement team, Hermes EOS, has been appointed by First State Super to provide engagement and public policy services for developed markets (excluding Australia).

With AUD90bn (£51bn) under management, First State Super is one of the largest superannuation funds in Australia and is the fourth Australian client for Hermes EOS, which will advise on behalf of £9bn of assets.

Dr. Hans-Christoph Hirt, Head of Hermes EOS, said: “With one of the largest and demonstrably effective stewardship resources in the world, Hermes EOS is looking forward to working with First State Super to engage with companies across developed markets. First State Super has a strong history of responsible investment and our highly skilled and experienced team will look to increase and protect the value of the companies it is invested in through impactful engagement.”

Liza McDonald, Head of Responsible Investment, First State Super commented: “As stewards of our members’ retirement savings, we have a duty to act in their best interests and to protect and grow the real value of their assets. A critical part of this is to engage with the companies in which we invest. We look forward to using the knowledge and experience that Hermes EOS will bring to our engagement programme across developed markets and to expanding our advocacy efforts.”

Hermes EOS is one of the world’s leading stewardship services, advising on £330.5bn[1] on behalf of its clients. In 2017, the Hermes EOS team engaged with 659 companies on 1,704 environmental, social, governance, strategy, risk and communication issues and objectives.

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate


Newsletters with Secrets & Analysis. Subscribe Now