Hesta Balanced Growth

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 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.

Terms and methodologies explained

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: $67.0 billion

Members: 925,000

Date as at 30/06/2021
Reference: https://www.hesta.com.au/members.html

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