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 proposed reforms have been described as a key step towards delivering better products and retirement experiences for members, with many noting financial advice remains the “urgent missing piece” of the puzzle.
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
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
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
