HESTA pledges to low-carbon economy initiative

12 March 2020
| By Jassmyn |
image
image image
expand image

HESTA has pledged to support global climate change initative, the Transition Pathway Initiative (TPI).

The TPI is a global asset owner-led initiative that assesses companies’ preparedness to transition to a low-carbon economy.

It provided tools to help investors understand how companies were managing climate change and the risks it posed to their businesses.

HESTA chief executive, Debby Blakey, said the TPI would further inform the investment processes and decisions of large asset owners and provided additional insights to support active ownership activities.

“The finance sector has a vital role to play in supporting the transition to a low-carbon future and the TPI can increase the effectiveness of asset owners’ long-term stewardship activities,” she said.

“Championing a sustainable, low-carbon economy is essential to creating long-term value for our members and supporting a healthier planet and society.”

HESTA is the first Australian investor to pledge and is one of 60 investors globally that represent over $18 trillion in combined assets under management and advice.

HESTA would also join the TPI steering committee.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 7 months ago
Kevin Gorman

Super director remuneration ...

1 year 7 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 7 months ago

Here are three big ideas.We all know that we are standing at the edge of a profound transformation in how financial advice is delivered, accessed, and experienced in Aust...

2 days 10 hours ago

Infrastructure well-positioned to hedge against global uncertainty, says investment chief....

2 days 5 hours ago

The two funds have announced the signing of a non-binding MOU to explore a potential merger. ...

2 days 8 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
3