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Engaging on demand-side climate solutions – Federated Hermes Limited

To keep a global temperature rise of 1.5°C within reach, global emissions must reduce by at least 43% by 2030 versus 2019. But with global emissions yet to peak, Federated Hermes Limited's EOS is continuing to engage on demand-side solutions.

Posted on Sep 11, 2024

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... Oil and gas majors have committed to ambitious methane reduction targets, a greater consensus on coal phase-outs has been established, and at COP28 there was an unprecedented reference to transitioning away from all fossil fuels in the agreement text. Many oil and gas companies now have a transition narrative, with several European majors planning to invest between 20% and 35% of their capital expenditure on low carbon technologies by 2025.

However, with oil and gas prices providing strong and resilient commercial incentives, various indicators suggest that oil and gas majors’ strategies are not yet fully aligned with 1.5°C and the Paris Agreement. Engaging across a universe of companies, Federated Hermes Limited are using their supply-side insights to strengthen their engagement efforts on the demand-side of the price equation.

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