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
The superannuation industry will be judged by its member services rather than how effectively it accumulates wealth, according to Stephen Jones.
The profit-to-member super funds are officially operating as a merged entity, set to serve over half a million members.
Super Review announced 21 winners at the annual Super Fund of the Year Awards, including the recipient of the prestigious Fund of the Year Award.
A research firm has given UniSuper a glowing review, praising its strong leadership and “compact team”, as well as its “creditable governance” structure.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.57 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
32.09 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.42 3 y p.a(%)
