POWERED BY MOMENTUM MEDIA
HESTA attains carbon neutral certification
Industry superannuation fund, HESTA has announced that it is the first Australian super fund to be certified by the Federal Department of Environment and Energy as carbon neutral for emissions produced from its business operations.
In order to attain the certification, organisations need to adhere to criterion including calculating their carbon footprint, identifying opportunities to reduce emissions and offsetting remaining emissions by purchasing offset credits.
HESTA chief executive, Debby Blakey, said the fund had aligned its investments and actions with seven UN Sustainable Development Goals (SDGs), including climate change.
The fund said it purchased a limited number of certified offsets including savannah burning projects to support Aboriginal employment in the Northern Kimberly region of Western Australia and tree planting initiative in North-Western NSW and the Babinda rainforest.
Since 2011 the fund has been measuring its carbon emissions and has implemented measures to reduce its footprint including hybrid vehicles, waste separation, the use of technology, intelligent design of its offices, and employee education.
“We understand our actions have a lasting effect, which is why over many years we’ve embedded carbon reduction initiatives across all of our business operations,” Blakey said.
“Over-time we have transitioned the way we operate to first and foremost look at ways to reduce our impact on the environment and then secondly analyse our direct and indirect emissions and work with our suppliers and partners to ensure they also operate sustainably.”
Recommended for you
The profit-to-member super fund’s MySuper default option has returned 9.85 per cent for the financial year 2024–25.
Colonial First State (CFS) has announced solid double-digit returns for its MySuper balanced and growth equivalent funds during the financial year.
The super fund’s Future Saver High Growth option delivered an 11.9 per cent return for the financial year 2024–25, on the back of a diversified portfolio and actively managed investment strategy.
HESTA has delivered a 10.18 per cent return for its MySuper Balanced Growth option in the 2024–25 financial year, marking the third consecutive year of returns above 9 per cent for the $80 billion industry fund’s default investment strategy.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
