POWERED BY MOMENTUM MEDIA
HESTA joins pledge to end tobacco investments
Superannuation fund, HESTA, has joined the movement to support tobacco-free investments, signing the Tobacco-Free Finance Pledge, which has 85 founding signatories, at the UN General Assembly in New York on 27 September.
CEO, Debby Blakey, said HESTA wanted to encourage more financial institutions to tackle the impact tobacco has on lives around the globe through divestment.
She said while the super industry led the world in excluding tobacco from their investments, there was still work to be done given more than half of Australia’s super funds (by funds under management) still invested in tobacco.
“Financial organisations can have such a positive impact on sustainable development and we’re starting to see this already with the focus on delivering on key UN Sustainable Development Goals,” she said.
Recommended for you
The Albanese government has appointed Jim Craig as a member of the Future Fund Board of Guardians for a five‑year term.
The $100 billion fund has appointed a new deputy CIO from within.
The $149 billion fund has named new directors following the departure of three outgoing board members.
The Association of Superannuation Funds of Australia (ASFA) has announced changes to its structure, marking an “exciting phase of growth” for the organisation.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.45 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
