Exposure to Climate Wreckers Index (% listed equities)
30 June 2022
31 December 2021
The Climate Wreckers Index is made up of the 180 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
Together, these companies are planning new coal, oil and gas production and power generation projects that could add the equivalent of almost 200 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.
Use the form below to tell your fund to lift its game on climate action!
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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
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
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.
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