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HESTA Super Fund

PRI reporting framework 2020

You are in Strategy and Governance » ESG issues in asset allocation

資産配分におけるESG問題

SG 13. ESG issues in strategic asset allocation

13.1. 貴社組織がシナリオ分析および/またはモデリングを実施するか記述してください。実施する場合、 シナリオ分析について説明してください(資産クラス別、セクター別、戦略的資産配分等)。

25語以内で説明してください 。 HESTA has begun an analysis of its real asset holdings (real estate and infrastructure) examining the impact of extreme weather events on the portfolio. The work is ongoing, and is reported to the HESTA Board's Investment Committee and Impact Committee.

13.2. 組織が戦略的な資産配分やセクターまたは地理的な市場間での資産の配分においてESG問題を考慮しているかどうかを記載してください。

以下を行っている

13.3. 補足情報 [任意]

As at 30 June 2019, HESTA had commissioned independent advice on the impact of climate change risks on its portfolio. Post-30 June 2019, we have received the advice, and are considering how it will impact HESTA’s current investment approach. The advice includes considerations on the timescale relevant for each of the risks and opportunities identified by the investment team, with reference to the UN-backed PRI’s Inevitable Policy Response, among others.


SG 13 CC.

13.4 CC. 貴社組織が気候関連のリスクおよび機会を管理するためにどのようにシナリオ分析を利用しているかについて(分析がどのように解釈されているか、その結果、将来の計画等)、記述してください。

500語以内で自由に記載

As at 30 June 2019, HESTA had commissioned independent advice on the impact of climate change risks on its portfolio. Post-30 June 2019, we have received the advice, which will inform the development of a comprehensive Climate Change Transition Plan for publication during the 2020 calendar year.

The Transition Plan will inform how HESTA approaches the risks and opportunities arising from climate change, in line with our support for the Task Force for Climate-related Financial Disclosures and our alignment with its reporting framework. The advice includes considerations on the timescale relevant for each of the risks and opportunities identified by the investment team, with reference to the UN-backed PRI’s Inevitable Policy Response, among others.

HESTA has further begun an analysis of its real asset portfolio (real estate and infrastructure) examining the impact of extreme weather and climate change events on the portfolio. The work is ongoing, and is reported to the HESTA Board's Investment Committee and Impact Committee. 

500語以内で自由に記載

HESTA considers stranded asset risk in its engagement with listed companies and asks companies to ensure their capital expenditure is aligned with the goals laid out in the Paris Agreement. As part of these efforts, HESTA co-filed a shareholder resolution at the 2019 BP AGM. Supported by the company, the resolution proposed a link between executive remuneration and the company's emissions reduction goals. Post 30 June 2019, we are exploring how this approach can be applied to companies listed on the ASX.

13.5 CC. この分析をだれが利用するか記述してください。

13.6 CC. 貴社組織がその投資戦略について、投資期間を超えて、気候関連リスクの影響を評価しているか記述してください。

500語以内で自由に記載してください。

As at 30 June 2019, HESTA had commissioned independent advice on the impact of climate change risks on its portfolio. Post-30 June 2019, we have received the advice, which models the impact of a range of climate change scenarios on the HESTA portfolio through to 2100. We are considering how it will impact HESTA’s current investment approach. The advice includes considerations on the timescale relevant for each of the risks and opportunities identified by the investment team, with reference to the UN-backed PRI’s Inevitable Policy Response, among others.

13.7 CC. 一定の範囲の気候シナリオを利用しているか記述してください。

13.8 CC. 貴社組織が用いる気候シナリオについて記述してください。

提供者
使用するシナリオ
IEA
IEA
IEA
IEA
IEA
IRENA
グリーンピース
持続的発展研究所
ブルームバーグ
IPCC
IPCC
IPCC
IPCC
その他

その他 (1) 具体的に記入してください:

          Mercer E3ME Model.
        
その他
その他

SG 14. Long term investment risks and opportunity

14.1. 一部の投資リスクと機会は長期トレンドの結果として発生します。貴社では、以下のどの項目について考慮するか明示してください。

14.2. 気候に関するリスクと機会に対応して組織で実施されている活動を選択してください。

低炭素関連および気候変動に強いポートフォリオ、ファンド、戦略または資産クラスに投資されている運用資産(AUM)を明示してください

Total AUM
10億 100万
Currency
Assets in USD
10億 100万

使用された枠組みまたは分類法を明示してください

The strategy is an international passive low carbon shares strategy. It aims to achieve a carbon footprint at or below 50% of the Index while delivering index-like return.

14.3. 次のツールの中から気候関連リスクと機会の管理に組織が用いているものを選択してください。

その他(具体的に記入してください)

          Encourage our external investment managers to incorporate climate change and carbon emissions risks and opportunities into their investment decision making processes.
        

14.5. 補足情報 [任意]

HESTA has a specific Climate Change Policy which outlines our principles and commitments in relation to the incorporation of climate change considerations into investment processes and decision-making. Given our outsourced investment model, encouraging our external investment managers to incorporate climate change and carbon emissions risk into their investment decision making processes is central to our approach.

We have signed successive annual Global Investor Statements on Climate Change, supporting greater action by policymakers on the issue of climate change.

The information below outlines in more detail the activities undertaken by HESTA to respond to climate change risk and opportunity in our portfolio.

Reduced portfolio exposure to emissions intensive or fossil fuel holdings: In 2015 HESTA introduced a portfolio wide restriction on new investment in companies materially involved in new or expanded thermal coal assets. In our environmentally and socially responsible investment option, Eco Pool, we introduced a further restriction on investment in companies with material involvement in

  • exploration, production or transportation of thermal coal assets;
  • contracting or supplying to listed companies undertaking these activities; or
  • generation of electricity from brown coal or lignite.

Sought climate supportive policy from governments - this is undertaken on our behalf by the Investor Group on Climate Change and to a lesser extent, our engagement service providers, the Australian Council of Superannuation Investors, Regnan - Governance Research & Engagement and Hermes Equity Ownership Services.


SG 14 CC.

14.6 CC. 気候に関連するリスクと機会を評価するために使用されるこれらの重要な指標についての詳細を記入してください。

指標の種類
カバレッジ
目的
指標の単位
方法
加重平均炭素濃度
          The figure is currently monitored, but will inform investment decisions post 30 June 2019.
        
          CO2 per $ of sales
        
          
        
カーボンフットプリント(スコープ1と2)
          The figure is currently monitored, but will inform investment decisions post 30 June 2019.
        
          CO2
        
          
        
ポートフォリオのカーボンフットプリント
          The figure is currently monitored, but will inform investment decisions post 30 June 2019.
        
          CO2 per $ invested
        
          
        

14.8 CC. 気候関連のリスクが全体のリスク管理に組み込まれているかどうか記述してください。また、気候関連リスクを特定、評価、管理するために利用されたリスク管理プロセスについて説明してください。

500語以内で自由に記述。

Climate change is captured under ESG risk within the HESTA Corporate Risk Register. As at 30 June 2019, ESG risk falls within the reputation risk framework of the Corporate Risk Register. 

14.9 CC. 貴社組織がTCFD採用を促すアクティブオーナーシップ活動を行うか記述してください。

説明してください。

We request our engagement providers Hermes EOS, ACSI and Regan to specifically address TCFD recommendations and their implementation as part of their engagement with companies invested.


SG 15. Allocation of assets to environmental and social themed areas

15.1. 貴社にて、特定の環境および社会をテーマとする分野に基づいてファンドに資産を配分したり、ファンドを運用しているかどうかについて明示してください。

15.2. 環境および社会をテーマとする分野に投資された合計運用資産(AUM)の割合を明示してください。

4 %

15.3. 貴社が投資しているテーマ分野を明示のうえ、AUMに対する特定の資産クラスの割合を記載し、その内容を簡潔に説明してください。

分野

投資している資産クラス

11 % (AUMの)
4 % (AUMの)

簡潔な説明および投資尺度

Private equity and infrastructure investment in renewable energy and related infrastructure.

投資している資産クラス

22 % (AUMの)

簡潔な説明および投資尺度

A large portion of property portfolio classifies as 'green', being buildings that are in the top 25% of buildings when compared against the market (city) average from NABERS

投資している資産クラス

1 % (AUMの)

簡潔な説明および投資尺度

Private equity investment in companies that provide financial services to financially excluded people.

          Sustainable or low carbon themed investments
        

投資している資産クラス

5 % (AUMの)

簡潔な説明および投資尺度

HESTA has two listed equities mandates where companies are selected on the basis of “Best in Class” ESG criteria. These investments meet the criteria for an environmental and social themed investment but do not fit solely within any of the social or environmental themes provided. The listed companies included in these investments operate across all sectors.

15.4. 含めたい補足情報があれば、添付してください。 [任意] 



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