Keeping companies responsible

We believe that investing in companies that are well run and responsible is critical to protecting the value of your investments and achieving investment objectives.

We are active in supporting good business practices in companies and other investments. And we advocate for change where we think that a business could be run more responsibly.

There are two key ways we take an active role on behalf of our members:

  1. share voting
  2. engagement with companies, regulators and governments. 

Read the HESTA Responsible Investment Policy to find out more about our approach to keeping the companies you invest in responsible.

 

SHARE VOTING

We use voting to send a message to companies on:

  • independence and diversity of boards
  • executive pay
  • voting rights of shareholders
  • appointment of auditors
  • conflicts of interest
  • take-overs and acquisitions. 
  • transparency on environmental and social issues.

We aim to vote all of the shares we hold, subject to legal requirements (there are some situations where there are legal barriers to share voting).

 

 

International Shares

We hold shares (on behalf of members) in around 2,500 companies outside of Australia and we aren't resourced to make voting decisions on all of these companies. 

To help us with this, we partner with Hermes Equity Ownership Services (Hermes EOS) to vote shares and to undertake company engagement on our behalf. We vote according to Hermes’ share voting policy. We give Hermes input on this policy and we reserve the right to override any voting decision made by Hermes EOS. 

 

Reporting period Voting summary and analysis Detailed voting record Engagement Summary
1 Jul to 31 Dec 2019 HERMES share voting report Share voting record Engagement report
1 Jan to 30 Jun 2019 HERMES share voting report Share voting record Engagement report
1 Jul to 31 Dec 2018 HERMES share voting report Share voting record Engagement report
1 Jan to 30 Jun 2018 HERMES share voting report Share voting record Engagement report
1 Jul to 31 Dec 2017 HERMES share voting report Share voting record Engagement report
1 Jan to 30 Jun 2017 HERMES share voting report Share voting record Engagement report
1 Jul to 31 Dec 2016  HERMES share voting report Share voting record Engagement report
1 Jan to 30 Jun 2016 HERMES share voting report Share voting record Engagement report
1 Jul to 31 Dec 2015    HERMES share voting report Share voting record Engagement report
1 Jan to 30 Jun 2015 HERMES share voting report Share voting record Engagement report
1 Jul to 31 Dec 2014 HERMES share voting report Share voting record  n/a
1 Jan to 30 Jun 2014 HERMES share voting report Share voting record  n/a
1 Jul to 31 Dec 2013 HERMES share voting report Share voting record  n/a
1 Jan to 30 Jun 2013  HERMES share voting report  n/a
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1 Jul to 31 Dec 2012 HERMES share voting report  n/a
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1 Jan to 30 Jun 2012  HERMES share voting report  n/a
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1 Jul to 31 Dec2011 HERMES share voting report  n/a
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1 Jan to 30 Jun 2011 HERMES share voting report  n/a
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For more information on Hermes EOS including voting and engagement policies visit Hermes Investment Management.

 

GENERATING CHANGE IN COMPANIES THROUGH ENGAGEMENT

Engagement is the process through which we use our influence as an owner to encourage companies in which we invest to improve their management of environmental, social or corporate governance issues.

Examples of engagement would be encouraging a company to raise their labour standards for their workers or supply chain, or requesting an oil and gas company to disclose how climate change risks might impact their business model. We are very active with our engagement program, both in Australia and overseas.