Hostplus invests $50 billion on behalf of hundreds of thousands of young Australians working in cafes and restaurants, as well as workers in the tourism, sports, and recreation sectors, which face the brunt of climate impacts.
Members want to see their fund investing in a clean, renewable future that protects the places and activities we love, not the polluting industries of the past.
companies that make any money from the production or exploration of coal, oil or gas or derive more than 10% of their revenue from the distribution of fossil fuels, e.g. pipelines.
companies that make more than 10% of their revenue from the provision of services to fossil fuel companies.
companies that generate electricity from fossil fuels, unless they are predominantly renewable energy companies and have a clear pathway to reduce emissions consistent with the Paris Agreement.”
Hostplus discloses all of its proxy voting decisions every six months. The fund has voted for just 26% of climate-related shareholder resolutions 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.
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