Hesta Balanced Growth

This investment option’s exposure to the Climate Wreckers Index:
Holdings disclosure date Exposure to Climate Wreckers Index (% listed equities)
31 December 2022 9.5%

The Climate Wreckers Index is made up of the 190 publicly-listed companies from all over the world with the biggest plans to expand the scale of the fossil fuel industry. Specifically, the list includes:

  • The top 60 oil and gas producers by expansion plans
  • The top 60 coal miners by expansion plans and coal reserves
  • The top 30 companies by new gas power plant development plans
  • The top 30 companies by new coal power plant development plans
  • The top 10 companies by liquefied natural gas (LNG) import and export terminal development plans

Together, these companies are planning new coal, oil and gas projects that could add the equivalent of almost 230 years of Australia’s national annual emissions! Take action and tell your fund to ditch all companies expanding the scale of the fossil fuel industry.

View the methodology for calculating exposure to the Climate Wreckers Index here.

Portfolio holdings disclosures sourced from:
https://www.hesta.com.au/members.html

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Coal exclusion policy

HESTA announced in 2014 that it would make no new investments in companies that generate more than 15% of their revenue from the exploration, production or transportation of thermal coal. In June 2020, the fund fully divested from companies meeting this threshold.

Oil & gas exclusion policy

None

Coal divestment action

HESTA has divested from some thermal coal mining companies, like Whitehaven and New Hope, but remains invested in coal power producers like AGL, and diversified coal miners like BHP and South32.

Oil & gas divestment action

None

Climate voting record

Hesta discloses all of its proxy voting decisions every six months. The fund supported 73% of the climate-related resolutions it has disclosed from 2017 to 2020.

Voting information last updated: September 2021


Fund information

Fund type: Industry

Assets under management (AUM): $67.4 billion

Members accounts: 968,000

Fund information accurate as at: 30/06/2022

Source: APRA

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