Climate Change High Yield Credit, Annual Report 2023 – Federated Hermes Limited

This year’s annual report offers a deep dive into a newly augmented data tool that quantifies the progress companies have made towards decarbonisation.

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... Fast reading:
  • Thematic focus: how their Climate Change Impact (CCI) score has evolved over the years and how it seeks to track present and future progress by portfolio companies in reducing emissions.
  • Performance and investment review: in a year where energy stocks were top dog how did portfolio returns hold up?
  • The power of engagement: previous reports have provided engagement case studies for companies in the industrials, banking, consumer goods, pulp & paper and utilities sectors. This time it’s the turn of homebuilders and chemicals firms.

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