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HESTA Super Fund

PRI reporting framework 2020

You are in Strategy and Governance » Objectives and strategies

Objectives and strategies

SG 05. RI goals and objectives

05.1. Indicate if and how frequently your organisation sets and reviews objectives for its responsible investment activities.

05.2. Additional information. [Optional]

SG 06. Main goals/objectives this year

06.1. List the main responsible investment objectives that your organisation set for the reporting year.

Responsible investment processes

Key performance indicator

          Implementation of ESG/responsible investment education and content generation strategies.

Progress achieved

Progressed in regular collaboration between the HESTA ESG investment team, Communications and Marketing team and Media Relations team to identify and leverage content opportunities across internal and external channels.

Developed and delivered content on our impact investments and engagements on climate change and board diversity across internal and external channels.

Key performance indicator

          Provision of feedback to external managers following manager ESG assessments

Progress achieved

HESTA conducts regular ESG assessments of external managers' policies and processes. We then provide scores to managers relative to peers, and give them feedback on where and how they can improve.

During FY2018 and into FY2019, feedback was provided to Private Equity managers which led to two low-scoring managers in particular, improving their processes and increasing their scores.

Financial performance of investments

ESG characteristics of investments

Other activities

Key performance indicator

          HESTA became a signatory to the Christchurch Call, the engagement effort with social media companies initiated by the New Zealand Super Fund, in April 2019.

Progress achieved

06.2. Additional information.