HESTA dumps coal from super investments to meet 2050 zero emissions target

The $52 billion HESTA industry super fund has ended investments in thermal coal, and will offload fossil fuels over the next decade to meet a zero net emissions target by 2050. 

Chief executive Debby Blakey told ABC's Peter Ryan says the fund will gradually divest fossil fuel to sideline potentially "stranded assets" as renewables sources accelerate. 

Ms Blakey also said she was concerned that some women were draining their superannuation accounts as part of emergency access measures introduced at the height on COVID-19.