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Stock impact report

Crisis shows companies need social licence to operate, Federated Hermes says [Reuters (UK)]

Federated Hermes, Inc. (FHI) 
Last federated hermes, inc. earnings: 4/30 04:17 pm Check Earnings Report
Company Research Source: Reuters
Crisis shows companies need social licence to operate, Federated Hermes says - Reuters 2 Min Read LONDON (Reuters) - Federated Hermes ( FHI.N ) has written an open letter to company executives and chairpersons setting out how COVID 19 has changed its engagement priorities and how the pandemic should change global businesses for the better. Hans-Christoph Hirt, head of Equity Ownership Services at Federated Hermes, which advises on more than $875 billion in assets, said the crisis had reinforced his firm’s belief that companies needed “a social licence” to operate. Hirt called on executives to ensure the safety and wellbeing of their workforces, to treat suppliers fairly and support the efforts of governments in dealing with COVID-19. He also said companies needed to be better prepared for rapid crisis responses in the future. “Business and governments will need to learn from and comprehensively act on the lessons from this crisis, not only for future pandemics, but for other known r Show less Read more
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