HESTA

{{Infobox company

| name = HESTA

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| type = Industry superannuation fund

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| area_served = Australia

| key_people = Debby Blakey, CEO

| industry = Superannuation

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| foundation = 1987

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| location_country = Australia

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| homepage = {{URL|hesta.com.au}}

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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,[https://www.hesta.com.au/members.html HESTA - we’re an industry fund] 80% of whom are women.[https://www.hesta.com.au/stories/super-leader.html HESTA - super leader] It has close to $68 billion in funds under management. HESTA was formed in 1987. HESTA holds an Australian financial services licence.

History

HESTA removed all tobacco investments from its portfolios in 2013.{{Cite web|url=https://www.smh.com.au/national/another-super-fund-drops-its-investment-in-tobacco-20130109-2cgqc.html|title = Another super fund drops its investment in tobacco|date = 9 January 2013}} 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.{{Cite web|url=https://www.smh.com.au/business/banking-and-finance/hesta-dumps-transfield-citing-detention-centre-abuses-20150818-gj218u.html|title = HESTA dumps Transfield citing detention centre abuses|date = 18 August 2015}}

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.[https://www.hesta.com.au/about-us/leadership.html leadership team] The CEO is Debby Blakey.

References

External links

[http://www.hesta.com.au HESTA website]

Category:Australian companies established in 1987

Category:Financial services companies established in 1987

Category:Superannuation funds in Australia