09/06/2023
The $72 billion HESTA announced on Friday it had hit its initial carbon reduction target of a 33 per cent in Scope 1 and Scope 2 emissions by 2030, some eight years ahead of plan.
The fund committed to cut Scope 1 and Scope 2 emissions by a third against a 2020 baseline but since revised the target last September to half those emission by 2030. HESTA however has not made any public commitments to cutting Scope 3 emissions which are indirect emissions from the supply chain of a firm.
Momentum is building within the sector for super funds to move beyond a traditionally risk-averse culture to one that encourages well-managed risk-taking, especially around designing innovative retirement income products for members, according to latest survey from FEAL.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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