Kim Farrant was a university student working in Sweden when she realised something about Australia that sparked a pivot in her career.
Kim Farrant was a university student working in Sweden when she realised something about her home country that would spark a pivot in her career.
HESTA, a $68 billion super giant, describes itself as a “gutsy advocate driving meaningful change” and represents almost one million members working in healthcare and community services.The super fund made ripples several months ago when it declared it would use its small stake in AGL to side with tech billionaire Mike Cannon-Brookes and, arguing the move would not help decarbonisation of the economy.
“There were a lot of funds who were starting to do work in this space, but really, it was still at that very early stage. And so it was a small portion of what I did really alongside work on climate change on sustainability more broadly.Farrant, who lives in Melbourne with her husband and two children, moved into superannuation in 2017, taking a role with VicSuper before moving to Hostplus, and then onto HESTA mid-last year.
“When we think about AGL, I think really the effectiveness of our active ownership approach was sort of demonstrated through that, where we were able to step up and to make our views known,” she says. The next frontier for ESG is biodiversity, she says, which is particularly important for Australia. The latest State of the Environment report, released in July, found that Australia has“That report highlighted that current levels of investment have been unable to slow the decline in the state of Australia’s environment, and certainly that Australia has one of the worst records when it comes to biodiversity loss,” says Farrant.
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