LGS brings home the 2021 SuperRatings Infinity Award
29 October 2020
Local Government Super (LGS) is delighted to announce that it has received the SuperRatings Infinity Award for a record seventh time since the award’s inception in 2010.
This prestigious award recognises the super fund most committed to addressing its environmental and ethical responsibilities and confirms LGS as Australia’s leading responsible and sustainable super fund.
Commenting on the award, Chief Executive Officer, Phil Stockwell said, “At LGS, responsible investment is not an investment option, it’s integrated into everything we do. This ensures that our members can sleep well at night, knowing their super fund is managing their retirement income in a sustainable and ethical manner without sacrificing long-term returns.”
The aim of LGS’ responsible investment approach is to earn long-term sustainable returns by seeking out investments that have a positive impact on the environment and local communities while minimising the long-term environmental, social and governance (ESG) risks.
Head of Responsible Investment at LGS, Moya Yip, said, “Our approach is to employ a range of strategies to manage ESG risks including positive and negative screens, and as an active owner, we engage directly with companies in our portfolio and with industry organisations to continually improve sustainability performance.”
LGS manages one of the most sustainable direct property portfolios in Australia, having achieved Carbon Neutral certification for all NABERS rated buildings in the portfolio. Over 50% of the property portfolio utilises renewable energy generated onsite from solar panels while all electricity procured by LGS is offset with 100% GreenPower. This ensures the buildings only use independently accredited renewable energy from 100% renewable sources.
LGS has also been certified carbon neutral through Climate Active. The certification includes all LGS employees, the Sydney head office, and the fund’s seven regional offices.
LGS supports a number of carbon offset projects, including a re-forestation project in New South Wales, the Rimba Raya biodiversity reserve project in Indonesia, and a wind power project in Rajasthan, India. These projects reflect our local and global outlook and they generate environmental, social and economic co-benefits.
Read the media release.