Key: Fine
Work to do
Borderline
Out of line
Not Disclosed
5%
37%
2%
11%
45%
Hesta only discloses its top 20 Australian and top 20 international shareholdings, leaving the majority of shareholdings hidden from members. From the limited information available, we know at least 11% of the Balanced Growth option’s Australian share investments is in companies actively undermining the climate goals of the Paris Agreement, including Woodside Petroleum, Aurizon, and BHP.
Since 2014, Hesta’s Core Pool option has excluded new investments in unlisted companies, and investments in newly-listed companies, that derive more than 15% of revenue or net value from thermal coal exploration or development of new or expansionary thermal coal mines. In June 2020, Hesta announced it would divest all existing holdings in these companies, including Whitehaven Coal, New Hope Group and Washington H Soul Pattinson.
Use the form below to tell your fund to lift its game on climate action!
* These fields are required.
Calling for Paris-alignment
Hesta has disclosed votes in favour of shareholder proposals asking companies to align with the Paris climate goals.
Hesta is a member of the Climate Action 100+, which aims to encourage 100+ emissions-intensive companies to “Take action to reduce greenhouse gas emissions across their value chain, consistent with the Paris Agreement’s goal of limiting global average temperature increase to well below 2-degrees Celsius above pre-industrial levels.”
Scenario analysis
Hesta has not disclosed any climate change scenario analysis. The fund measures the carbon footprint of its equities and property holdings, but has no public commitment to actively reduce this footprint over time.
Climate voting record
Hesta discloses all of its proxy voting decisions every six months. The fund supported 76% of the climate-related resolutions it has disclosed since 2017.
The information provided by Market Forces does not constitute financial advice. The information is presented in order to inform people motivated by environmental concerns and take actions based on those concerns. Market Forces is organising data for environmental ends.
The information and actions provided by Market Forces do not account for any individual’s personal objectives, financial situation or needs. It should not be used, relied upon, or treated as a substitute for specific professional advice.
Market Forces recommends all users obtain their own independent professional advice before making any decision relating to their particular requirements or circumstances. Switching super funds may have unintended financial consequences.
For more information about Market Forces, please visit the about page of the site. To see how we profile super funds go to the methodology page.
SUPPORT OUR CAMPAIGNS
We’re taking on the fossil fuel industry and we need ongoing help. Make a monthly donation to our fossil fuel fighting fund