Australian share investments
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 9% of the Core Pool’s Australian share investments is in companies actively undermining the climate goals of the Paris Agreement, including Woodside Petroleum, Aurizon, and BHP.
Known fossil fuel exclusions
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.
General fund information
Fund type: Industry
Assets under management: $53.8 billion
Date as at 31/03/2020
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