What does Local Government Super's approach to responsible investing involve?
How does LGS implement its sustainability policies?
Local Government Super, like other super funds, invests on behalf of its members in a range of assets including shares, private equity and direct property but unlike most funds, we actively invest these assets based on a sustainable and responsible investment approach.
With approximately A$3.3billion (as at Nov 2011) invested in responsible investment strategies across Australian shares, international shares, property, and the absolute return and private equity asset classes, our commitment to this approach is greater than any other Australian super fund. And over the long term we aim to further develop and implement responsible investment strategies across all our investments.
So what is responsible investment?
Responsible investment is used to describe a process which takes environmental, social and governance considerations into account when making investment decisions.
Local Government Super first entered into responsible investing in 1999 as it recognised that the long-term prosperity of the economy and the well-being of members depends on a healthy environment, social cohesion and good governance of the companies in which it invests.
Awards and recognition
LGS has been recognised as the superannuation fund with the highest amount of responsible investment assets for the seventh consecutive year according to the Responsible Investment Association Australasia (RIAA).
NSW Government Green Globe Award - Commercial Buildings - for our efforts in reducing our energy consumption.
View more on our awards page.
LGS Property Portfolio's Environmental Performance
LGS' award-winning sustainability initiatives across its direct property portfolio have saved 26,607 tonnes of emissions since july 2009. That's the equivalent of 5,913 cars off the road.
The graphs on our environmental performance page show the reduction across our commercial, retail and industrial properties.