Equitable global vaccine access will help super returns

25 February 2021
| By Jassmyn |
image
image
expand image

HESTA has pledged to support equitable access to COVID-19 vaccines globally and has committed to investment approaches that will support the push for greater vaccine access.

The industry superannuation fund said uneven vaccination rates posed a risk to global health and economic activity in 2021, leading it to sign an investor statement pushing for urgent G7 and G20 governments to take action.

HESTA chief executive, Debby Blakey, said a successful and equitable global distribution of vaccines would have an impact on the pact of economic recovery, and therefore HESTA members’ investments.

HESTA pointed to a study by the International Chamber of Commerce Research Foundation that found the global economy stood to lose as much as US$9.2 trillion ($11.6 trillion) if the COVID-19 vaccines are not widely available in developing countries.

“Ensuring developing economies have equal access to COVID-19 vaccines, medicines and tests will reduce the impact of COVID-19 worldwide, and help foster a fairer and more sustainable global recovery,” Blakey said.

“We’re keen to work with other global investors to explore ways we can encourage further investment that will help fund vaccine distribution.”

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. ...

10 months 3 weeks ago
Kevin Gorman

Super director remuneration ...

11 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 ...

11 months ago

The CEO of Cbus has defended the fund’s relationship with the CFMEU....

4 hours ago

The head of Australia’s Future Fund has sounded a note of caution over the lucrative yet risky “Trump trade”, as US policies boost growth, but ramp up political and regul...

4 hours ago

The $89 billion fund has announced a new leadership role within its private markets team....

6 hours ago