Pensions pool London CIV, London, appointed Federated Hermes' EOS unit to assist with its voting and engagement on listed equities and fixed income, a spokeswoman confirmed.
The pool of London-based local authority pension funds, which have a total £44 billion ($60.8 billion) in assets, made the appointment in the hope it will be able to drive "real-world outcomes at scale," a news release by the pool said.
The pool had £12.6 billion in AUM as of March 31.
EOS will support London CIV executives in their dialogue with companies on ESG issues. EOS is a new provider for the pool, the spokeswoman said. Whether it replaced another provider could not immediately be learned.
"Active ownership is one of our most effective mechanisms to reduce risks, maximize returns and have a positive impact on society and the environment," CIO Jason Fletcher said in the release. "Divestment alone would leave us with no voice, and no potential to help drive responsible corporate practices or add value for our clients."
