Fund manager Federated Hermes has won a corporate governance mandate to vote shares for Dutch bank ABN Amro’s wealthy clients.
The fund manager’s stewardship arm, EOS will provide “engagement services” across the bank’s private banking assets, including equity and fixed income.
Vincent Triesschijn, director of sustainable investment at ABN Amro, said: “Our clients are increasingly looking to invest their assets sustainably and want to know that the companies we are investing in on their behalf are acting responsibly.
“We firmly believe in the concept of active ownership and through our partnership with EOS we can have more impact to engage these companies on the risks and opportunities pertaining to long-term sustainable wealth.”
Hans-Christoph Hirt, head of EOS, said that while many companies have faced short-term pressures, it is important “now more than ever that they demonstrate a long-term approach to sustainability”.
EOS votes on $1.28 trillion of client assets.
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