Industry News: ESG5

Founded in 1987, HESTA is the Australian industry superannuation fund for health care professionals. The fund has over 850,000 members and had AU$ 46 billion of assets under management as of June 30th, 2018.

Investing responsibly and recognizing that supporting a healthy economy, environment and society is in their members' best interest is one of the fund's core investment beliefs. HESTA's responsible investment framework is guided by the UN PRI requirements and the UN Global Compact principles on Human Rights, Labor, Environment, and Corruption. As a universal investor, the Super Fund regards Climate Change as source of risk and opportunities for the fund's portfolio. To deliver the best risk-adjusted returns, HESTA has developed a Climate Change policy favoring Engagement with portfolio companies and policy makers over divestment and exclusion (except for Thermal Coal and related assets). Going forward, HESTA is seeking to increase its impact by aligning its assets to the UN SDGs. Naturally, as the Superannuation fund for health and community service workers, the fund has chosen to align its portfolio with SDG 3: Good Health and Wellbeing, SDG 5: Gender Equality, and five others.

Active Ownership Policy

Responsible Investment Policy

Climate Change Policy