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HESTA Super Fund

PRI reporting framework 2020

You are in Strategy and Governance » Outsourcing to fiduciary managers and investment consultants

Outsourcing to fiduciary managers and investment consultants

SG 12. Role of investment consultants/fiduciary managers

New selection options have been added to this indicator. Please review your prefilled responses carefully.

12.1. Indicate whether your organisation uses investment consultants.

12.2. Indicate how your organisation uses investment consultants in the selection, appointment and/or monitoring of external managers.

Asset class

Asset class

12.3. Indicate if your organisation considers responsible investment in the selection, appointment and/or review processes for investment consultants.

12.4. Indicate whether you use investment consultants for any the following services. Describe the responsible investment components of these services.

Describe how responsible investment is incorporated

          Our asset consultant works collaboratively with our internal team for recommending allocations to major asset classes. Their allocation process incorporates expectations about returns within each asset class and also the volatility and correlations between asset classes. Neither our asset consultant nor internal team price or evaluate ESG considerations at the asset class level.
        

12.7. Additional information [Optional].

Consideration of ESG issues in allocation of assets between (or within) asset classes and/or between geographic markets is undertaken informally. ESG considerations are not specifically built into any asset allocation model.

Allocation between asset classes

Our asset consultant works collaboratively with our internal team for recommending allocations to major asset classes. Their allocation process incorporates expectations about returns within each asset class and also the volatility and correlations between asset classes. Neither our asset consultant nor internal team price or evaluate ESG considerations at the asset class level.

Allocation of assets between geographic markets

Our asset consultant does not set the allocation of assets between geographic markets, rather, this is generally outsourced to the fund managers within the asset class. When selecting fund managers that may impact the allocation of assets between geographic markets, HESTA considers any specific ESG issues associated with different regions or countries.

Allocation to ESG themed/focused investments

During 2018 HESTA's Board approved an additional allocation to the Social Impact Investment Trust (SIIT), managed on behalf of HESTA by Social Ventures Australia (SVA). Our partnership with SVA on the SIIT aims to catalyse the nascent impact investment market in Australia.


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