HESTA first Australian backer of global climate action initiative

HESTA

HESTA has become the first Australian investor to pledge support for the Transition Pathway Initiative (TPI) – a global asset owner-led initiative that assesses companies’ preparedness to transition to a low-carbon economy.

Rapidly becoming a corporate climate action benchmark, the TPI provides a tool to help investors understand how companies are managing climate change and the risk it poses to their businesses.

HESTA CEO Debby Blakey said the TPI would

/Public Release.