annual review indst 2024 public - Flipbook - Side 2
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Industriens Pensionsforsikring A/S
Welcome to our 2024 Annual Review, which outlines the engagement,
voting and public policy work carried out by EOS at Federated Hermes
Limited on behalf of its clients.
In 2024, EOS celebrated its 20th anniversary, and we were honoured to
win the International Corporate Governance Network’s Excellence in
Stewardship Award. This was given in recognition of our pioneering systemic
engagement approach to reducing methane emissions – work led by Diana
Glassman, with support from engagers across the EOS regional teams.
The world breached 1.5°C of warming for the first time in 2024,
deemed the hottest year on record.1 We remained at the forefront of
engaging with companies and policymakers for climate action, cognisant
of the rising cost of extreme weather events.
Hurricanes in the US, combined with storms and flash flooding in
Europe, Brazil and Asia, racked up billions of dollars of damage in 2024.
In their article, Will Farrell and Hannah Heuser examine how, as physical
climate risks escalate, investor engagement is increasingly vital to
steward companies through the transition.
Also in this year’s Annual Review, Ellie Higgins and Ross Teverson
outline how we have engaged with companies on human rights issues
in high-risk regions. Since we first set out our engagement approach
to this topic in 2020, we have seen new flashpoints erupt in Europe
and the Middle East.
Our Annual Review also includes Q&As with engagers on AI and digital
rights, our biodiversity work, including our attendance at COP16 in
Colombia, and our vote policies and guidelines for the 2025 proxy season.
We hope you find this review of our year useful and informative.
Claire Milhench
Associate Director – Communications & Content
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World breaches 1.5C global warming target for first time in 2024.
