Australian super fund HESTA is recruiting its first impact measurement specialist, in the latest sign of a shift in the responsible investment industry’s focus from risk mitigation to sustainable outcomes.
Mary Delahunty, Head of Impact at the A$64bn (€40bn) health and social care workers fund, told RI that creation of the role – believed to be a first among Australian super funds – was prompted in part by the “growing understanding in our member base that authentic leaders provide evidence of their impact”.
“The finance sector has been good at measuring exposure to sustainable assets,” she said, “but members should be able to see the outcomes of this exposure at the portfolio level.”
Delahunty told RI that HESTA’s work on impact measurement, which has been going on for a few years, has now reached a scale that requires a dedicated analyst - particularly as it seeks to integrate metrics into its investment decision-making processes. The f…