HESTA
TypeIndustry superannuation fund
IndustrySuperannuation
Founded1987
Headquarters
Australia
Area served
Australia
Key people
Debby Blakey, Chief Executive Officer.
Websitehesta.com.au

HESTA is an Australian industry superannuation fund for workers in health and community service sectors. HESTA services more than 90,000 employers and has more than 950,000 members,[1] 80% of whom are women.[2] It has close to $68 billion in funds under management.[1] HESTA was formed in 1987. HESTA holds an Australian financial services licence.

History

HESTA removed all tobacco investments from its portfolios in 2013.[3] In 2015, HESTA sold its stake in Transfield Services citing evidence of human rights violations inside the offshore detention centres run by the sharemarket-listed company.[4]

Governance

HESTA is run by a Trustee company called H.E.S.T. Australia Limited. The Board of the trustee consists of six Directors appointed by employees, six Directors appointed by employers, an independent Director and an independent chair.[5] The CEO is Debby Blakey.

References

  1. 1 2 HESTA - we’re an industry fund
  2. ↑ HESTA - super leader
  3. ↑ "Another super fund drops its investment in tobacco". 9 January 2013.
  4. ↑ "HESTA dumps Transfield citing detention centre abuses". 18 August 2015.
  5. ↑ leadership team


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