HESTA and Girls of Impact team up to improve gender diversity and career opportunities for young women in financial services
Industry superannuation fund HESTA has announced a collaboration with social enterprise Girls of Impact to encourage more young women to consider a career in financial services.
The innovative collaboration will see the $64 billion fund work with Girls of Impact to highlight career opportunities and pathways in financial services where women are historically underrepresented. This includes in areas such as risk and compliance, digital and technology and investments.
“HESTA has built a strong, inclusive and diverse culture where our people get to do amazing work that’s really making a difference for our members,” Chief Experience Officer Lisa Samuels said.
“Financial services can offer a wonderfully rewarding career. We want to share the experiences and cutting-edge work our people are doing every day that simply wouldn’t be available in other industries.”
More than 80% of HESTA members are women. Ms Samuels said improving gender diversity in under-represented sectors like financials services can financially benefit members.
“We strongly believe that more diverse and inclusive teams have better decision making, which can lead to stronger long-term performance,” Ms Samuels said.
“We’ve certainly seen this at HESTA, and were encouraging a focus on gender diversity in our industry and among our partners because we want our members to benefit from this performance edge.”
HESTA has a long-term strategy to develop a pipeline of talent in financial services and to encourage more women to pursue careers in the sector.
This latest collaboration with Girls of Impact follows on from HESTA’s partnership with Future IM/PACT, an industry initiative aimed at attracting more diverse talent into investment teams, which is supported by a HESTA Internship Program. HESTA is also set to pilot a Returnship Program to encourage, experienced mature-aged workers to retrain and return to the workforce in areas of skills shortage like tech, digital and data science.
Girls of Impact CEO Kate Bushell said partnering with HESTA would help build talent pipelines in non-traditional sectors for women entering the workforce.
“We want to see more girls explore underestimated careers and industries such as funds management and superannuation and we are excited to contribute to the momentum for change for the future of women in these sector,” Ms Bushell said.
“This collaboration with HESTA is so crucial because we need more women in decision-making roles, especially in financial services, where investment decisions can impact people’s financial futures and the Australian economy.”
Ms Bushell said the collaboration would showcase the wide range of career opportunities available to women in financial services and the ability to make a real difference.
“The superannuation industry is a great career pathway for young women to explore as they can be and invest in supporting positive change in our world.” says Ms Bushell.
Ms Samuels said working at HESTA meant you were part of something much bigger.
“Our members in health and community services do so much for so many in our community and it’s a real privilege to support them to have a better financial future,” Ms Samuels said.
“To achieve this for our members we need to be thinking big about how we can make a difference on huge systemic challenges like climate change and gender equality because these issues impact our members.”
“A lot of people at HESTA find they’re doing some of the best work of their careers that’s helping improve outcomes for our members and supporting a healthier and fairer community.”
The collaboration between Girls of Impact and HESTA will see a movement that will join forces and touch the lives of young women across Australia. We aim to inspire all young women to come and be part of the transforming superannuation industry and play their part in impacting the world.
HESTA is the largest superannuation fund dedicated to Australia’s health and community services sector. HESTA now has over 900,000 members (more than 80% are women) and manages more than $64 billion in assets invested around the world.
HESTA is committed to creating a real difference to the financial future of every member. As a responsible steward of members’ retirement savings, HESTA focuses on achieving strong, sustainable, long-term returns while making a positive difference to the world members will retire into. HESTA has consistently been named as an Employer of Choice for Gender Equality by the Workplace Gender Equality Agency (WGEA).
About Girls of Impact
Girls of Impact has set out to redefine the future of work and what it means for young women. It exists to break down gender stereotypes and inspire girls to think boldly about their careers. Our mission is to empower all young women to make a positive difference in the world through impactful careers in impactful industries. As we know empowered girls become women who change the world.
Issued by H.E.S.T. Australia Ltd ABN 66 006 818 695 AFSL 235249, the Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321. Before making a decision about HESTA products you should read the relevant product disclosure statement (call 1800 813 327 or visit hesta.com.au for a copy), and consider any relevant risks (hesta.com.au/understandingrisk).