HESTA has removed energy company Origin from its watchlist of stocks after the company made improvements to its climate strategy.
Improvements included divesting interests in the Beetaloo Basin and its intention to exit upstream exploration permits and articulating a climate strategy consistent with a 1.5oC pathway.
HESTA said: “We believe Origin has articulated a climate strategy consistent with a 1.5oC pathway and that their change in strategic direction will better support their ambitions to lead the energy transition through cleaner energy and customer solutions.”
However, the super fund said there were still areas of improvement for the firm’s Climate Transition Action Plan.
“It’s our view that Origin could play a more active role in supporting a just transition for affected communities. We also ask Origin to consider how it can leverage its membership of industry associations to advocate for greater alignment with their climate strategy and commitment with a 1.5°C pathway.”
Amid Australians’ growing penchant for seamless digital experiences, an industry professional believes the most successful superannuation funds will be looking to leverage technology for their members in a number of ways.
The central bank has announced its latest rate decision amid stubborn inflation and increasing geopolitical tension.
Aware Super has outlined its systematic approach to corporate engagement as institutional investors increasingly assert their influence on company boards and take on an active stewardship role.
The country’s second-largest super fund has completed its fourth SFT this past financial year and welcomes almost 5,000 new members.
Add new comment