• HESTA commits to climate change plan

    HESTA is working to have a bigger positive impact on the planet and society right across its $52 billion of investments both in Australia and around the world.

    That is why it has recently announced an ambitious Climate Change Transition Plan, making a commitment to reducing the absolute carbon emissions in its investment portfolio by 33 percent by 2030 and to be ‘net zero’ by 2050.

    This makes HESTA the first major Australian superannuation fund to make carbon reduction commitments of this scale. HESTA's Climate Change Transition Plan aligns its actions with the goal of the Paris Agreement to limit global warming to well below two degrees above pre-industrial levels. The plan will map out how HESTA will manage climate risk and support the transition to a low-carbon economy.

    HESTA is doing this because climate change presents a financial risk to its investment portfolio and the world in which HESTA members will retire, and action is needed. 

    HESTA knows its members in health and community services sector care deeply about climate change and that is why it is committed to sustained, long-term action to transition our investment portfolio for a low-carbon future.

    HESTA wants to protect and enhance the long-term performance of its members’ investments, while driving meaningful change and contributing to a healthier planet and society.

    HESTA believes there is no doubt that the social, environmental and economic cost of inaction is going to be far greater than the cost of responding to climate change.

    It is confident the Climate Change Transition Plan can position its investments well into the future to help HESTA achieve its ambitious investment objectives and continue to deliver strong, competitive, long-term returns for HESTA members.

    Standing up for members is why HESTA invests in renewables and clean technology, and why it is committed to sustained, long-term action to transition the investment portfolio for a low-carbon future.

    HESTA is proud to be taking these steps to protect and grow members’ retirement savings and help contribute to a better world for them to retire into. 

    HESTA is APHA’s Diamond Sponsor.

    Read more: HESTA funds $19 haven for dementia patients

    Read more: New HESTA awards recognise healthcare's unsung heroes