9 June 2023 14:02
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.
NSW Treasurer Daniel Mookhey has appointed Michael Dwyer, chair of TCorp, to lead the trustee board of the $38 billion State Super. The industry veteran was the long-time chief executive of First State Super (now a part of Aware Super), having helmed the fund for 14 years.
The investment intelligence behind Australia’s largest asset owners and their teams
In-depth interviews with leaders, experts and visionaries in the institutional investment community
Updates on the latest industry policy developments and regulation
The challenges and innovations of custody, technology and operational due diligence
Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.
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.
Leave a Comment
You must be logged in to post a comment.