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Hostplus commits to transition to net zero emissions by 2050.

Hostplus commits to transition its investment portfolio to net zero emissions by 2050, in line with Australia’s commitment to the Paris Agreement.

David Elia, Chief Executive Officer, said the commitment acknowledges the growing community expectations around mitigating the risks of climate change and demonstrated the Fund’s dedication to continuing to optimise long-term net investment returns for members:

“Climate change represents a significant financial risk to global markets and economies over the longer term. We have a responsibility to protect our members’ retirement savings and deliver them the best financial outcomes, so it is important that we take further action now to ensure the investment portfolio remains well-positioned as the world adapts to a lower-carbon future.”

“We also believe that a net zero emissions commitment will present further investment opportunities in new technologies with strong growth potential. As a significant investor in new technologies via our venture capital and infrastructure portfolios, we’re already contributing to the development of the technologies that will enable and empower an orderly transition and which will also deliver additional value for our members.”

“We have undertaken considerable analysis to ascertain the key contributors to portfolio emissions and are developing a roadmap for how to prioritise our emission reduction activities.”

Hostplus has over many years taken positive steps in relation to supporting an orderly transition to net zero by 2050, including:

  • investing over $1.2B in clean technology and climate solutions such as Commonwealth Fusion Systems, Terra-Gen, Finerge and the Powering Australia Renewables Fund (PowAR) [for further details see: Climate Change: Investing in Climate Solutions]
  • a joint venture between the Clean Energy Finance Corporation (CFEC) and Octopus Australia to develop renewable energy assets. The Gippsland Renewable Energy Park (GREP) will deliver clean energy to the National Electricity Market, replacing the fossil fuel supply that will be lost when the Yallourn coal fired power station closes.
  • measuring and reporting the emissions intensity of its equities portfolio annually [for further details see: Annual Report 2021] and,
  • offering a Socially Responsible Investment option that avoids investment in companies exposed to the fossil fuel industry [for further details see: Socially Responsible Investment – Balanced option].

As one of Australia’s largest industry superannuation funds, Mr Elia said Hostplus had an important role in the global transition to net zero emissions, being a major shareholder in a number of local and international assets.

“Hostplus is in a position to be able to engage with the companies we are invested in, and we are keen to set strong expectations around adoption of lower-emission technologies, effective governance frameworks and more transparent corporate reporting as we strive to deliver on our commitment to reach net zero emissions by 2050.”

“I am proud to announce this commitment and look forward to sharing with members further information on our plan for achieving net zero emissions, whilst continuing to act in our members’ best financial interests.”

More details regarding Hostplus’ responsible investing policy and activities can be found here.

This website is issued by Host-Plus Pty Limited ABN 79 008 634 704, AFSL 244392 as trustee for the Hostplus Superannuation Fund (the Fund) ABN 68 657 495 890, MySuper No 68657495890198. Hostplus Self-Managed Invest (SMI) is issued by Host-Plus Pty Limited ABN 79 008 634 704, AFSL 244392 as trustee for the Hostplus Pooled Superannuation Trust (PST) ABN 13 140 019 340. It contains general advice only and does not take into account your personal objectives, financial situation or needs. You should consider if this information is appropriate for you in light of your circumstances before acting on it. Please read the relevant Hostplus Product Disclosure Statement (PDS) or Hostplus SMI PDS before making a decision about Hostplus. For a description of the target market, please read the Target Market Determination (TMD), available at hostplus.com.au. You can view detailed disclaimers here. Hostplus has engaged Industry Fund Services Limited (IFS) ABN 54 007 016 195, AFSL 232514 to facilitate the provision of personal financial advice to members of Hostplus. Advice is provided by financial planners who are Authorised Representatives of IFS. Fees may apply for Comprehensive Financial Advice, further information about the cost of comprehensive advice is set out in the relevant IFS Financial Services Guide, a copy of which is available from your financial planner. Hostplus has engaged Link Advice Pty Ltd ABN 36 105 811 836, ASFL 258145 to facilitate the provision of limited personal financial advice to members of Hostplus via the web-based product Super Adviser.