HESTA

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 860,000 members,[1] 80% of whom are women.[2] It has $52 billion in funds under management.[1] HESTA was formed in 1987. HESTA holds an Australian financial services licence.

HESTA
Industry superannuation fund
IndustrySuperannuation
Founded1987
Headquarters
Australia
Area served
Australia
Key people
Debby Blakey, Chief Executive Officer.

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.

gollark: Your comparison operators are backward I think.
gollark: It's either a very good and hard to avoid system, or something ingrained enough that people can't think of alternatives.
gollark: Who uses digital video disks these days?
gollark: I mean, money/free trade is quite good at what it does, especially since the incentives naturally line up ish since you want to maximize effective use of resources you have access to, can directly fix things yourself without going through a central authority, etc. But it may be possible to implement this some other way without some of the issues wrt. externalities and stuff.
gollark: If we could use magical bee cuboids to produce all goods and services with no human labour, I would prefer this.

References
  1. HESTA - we’re an industry fund
  2. HESTA - super leader
  5. leadership team


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