Climate change is one of the most significant threats to our economies, societies and environment. It’s likely to have implications for current and future generations if left unaddressed.
why we do this
At HESTA, we consider climate change risks in our investment decision making, as failing to do so will likely have negative impact on the retirement outcomes of our members.
HESTA has an important role to play in the transition to a low-carbon economy aligned with the goals of the Paris Agreement. And we believe this creates important investment opportunities that will help deliver long-term value for HESTA members.
how we do this
To support the United Nations Sustainable Development Goal 13: Climate Action, and Goal 7: Affordable & Clean Energy, we have captured our actions in our Climate change commitment statement:
We've let our actions do the talking to establish ourselves as an industry leader in climate action.
HESTA was the first major super fund to commit to net zero by 2050, implement restrictions on investment in thermal coal, and be certified as carbon neutral for business operations.
To help guide our ongoing commitments, we've developed our Climate Change Transition Plan.
To help guide our ongoing commitments, we've developed our Climate Change Transition Plan, which outlines our strategy to:
We consider climate change risks and opportunities in a number of ways:
As a large global investor, with investments across a range of geographic regions, economies and asset classes, HESTA cannot diversify away from climate-related impacts.
Because climate change has the potential to impact investment risks and returns, we consider it alongside traditional financial and business risk factors in making investment decisions.
We also take a total portfolio approach as we recognise the impact of climate change can present in many ways. In order to mitigate climate risk and capture climate-related opportunities, we need to achieve change in the real economy. In response, we have developed the following Climate Change Transition Plan to guide our actions.
HESTA Impact & UN SDGs
With the United Nations Sustainable Development Goals (SDGs) as our compass, we’re delivering long-term value for our members, our community and our planet.
Invest with purpose
Investing for long-term performance requires a long-term perspective on how investments improve the planet and society. Superannuation is a lifetime strategy. HESTA invests for the whole journey.
Advocate with influence
By raising our voice to influence opinion, policy and culture, we’re keeping our promise to be a gutsy advocate for a fair and healthy community.