Did you know that the Local Government Superannuation Scheme is an industry leader in making socially responsible decisions across its investment portfolio?
From 1 July 2007, your super Scheme has replaced traditional energy sources with 100% green energy for all nine of our directly held properties*, which together are valued at more than $500 million.
We are taking positive actions to reduce our greenhouse gas emissions to a carbon neutral stance across all our activities. Our purpose in doing this is to declare our position on climate change and so lead other super funds and property owners by example.
The Scheme has invested heavily in measures to improve the energy efficiency of our buildings and slash energy consumption. This will largely offset the higher cost of green power, which we estimate will be modest across the entire portfolio.
In the longer term we hope to develop a co-operative environment where all our tenants are willing to participate in sustainable initiatives and further the substantial advances we have already made.
* The Scheme's direct property portfolio consists of two office buildings in North Sydney and office buildings in St Leonards, Sydney CBD and Macquarie Park. The Scheme also owns industrial estates at Frenchs Forest and Macquarie Park, plus sub-regional shopping centres at Leichhardt and Wagga Wagga.
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