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 870,000 members,[1] 80% of whom are women.[2] It has $56 billion in funds under management.[1] HESTA was formed in 1987. HESTA holds an Australian financial services licence.
| Type | Industry superannuation fund |
|---|---|
| Industry | Superannuation |
| Founded | 1987 |
| 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.