POWERED BY MOMENTUM MEDIA
HESTA removes Origin from watchlist after environmental improvements
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.”
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
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
31.62 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(%)
