EFG HERMES IN 2021-TAKING ACTION
In 2021, our efforts have been focused on key ESG action areas where our real- world impact can be most effective and align with the United Nations’ Sustainable Development Goals (SDGs).
While each action area has a specific focus with measurable outcomes, the nature of our efforts is synergistic and designed to work towards various SDGs simultaneously. Each area builds on our considerable experience both in our core business as well as in our pioneering CSR and integrated development work.
The Group’s Corporate Social Responsibility (CSR) department is responsible for initiating and coordinating all ESG-related initiatives. In 2021, the Board of Directors, together with the CSR department and business line representatives, issued an update for the ESG Policy. The update was made publicly available on our website and addresses several issues including, ESG guidelines for business lines; stewardship and engagement; exclusionary criteria, capacity building and reporting.
ACTION AREAS
Addressing climate change
As the world comes together in its fight to combat climate change and preserve a liveable planet for the coming generations, EFG Hermes is playing a key role both in financing renewable energy initiatives and in reducing its carbon footprint.
Investing with impact
Analysing investments through an ESG lens has become a core requirement for EFG Hermes based on robust policies and guidelines that use engagement and dialogue to address complex, real-world issues.
Creating Economic Opportunity
EFG Hermes makes financial inclusion a priority of its Non-banking Financial Institution (NBFI) platform with the aim of creating economic opportunities and improving lives.
Prioritizing people
Whether internally or in the communities where we work, EFG Hermes always places the wellbeing of people front and centre in all its undertakings.