This report shows public data only. Is this your organisation? If so, login here to view your full report.

HESTA Super Fund

PRI reporting framework 2020

You are in Indirect – Manager Selection, Appointment and Monitoring » Outputs and outcomes

Outputs and outcomes

SAM 08. Percentage of externally managed assets managed by PRI signatories

08.1. Describe how you ensure that best RI practice is applied to managing your assets


          During the year, HESTA undertook ESG review meetings with a number of managers across all asset classes, discussing key ESG integration highlights and challenges and engaging them on prominent ESG issues.
HESTA's Manager ESG Assessments provides a comparison of managers relative to peers and identifies strengths and weaknesses of each manager's approach that we can then engage with to improve manager performance.

08.2. Additional information. [Optional]

SAM 09. Examples of ESG issues in selection, appointment and monitoring processes

09.1. Provide examples of how ESG issues have been addressed in the manager selection, appointment and/or monitoring process for your organisation during the reporting year.

Topic or issue
          ESG integration in private equity
Conducted by
Asset class
Scope and process

HESTA undertakes regular ESG Assessments of its external managers. We review managers' ESG policies, ESG resources and approach to ESG integration. Following assessment managers are provided with their scores relative to peer managers and feedback on where and how they can improve.


During FY2018 and FY2019, we provided feedback to multiple PE managers, which led two low-scoring managers in particular, to review and improve their ESG policies and integration processes.

The scores for the two manager's shifted from 39/100 to 59/100 for one, and from 55/100 to 63/100 for the other.

09.2. Additional information.