Local Government Super (LGS) has been certified as carbon neutral through Climate Active which includes all employees, its Sydney head office, and its seven regional offices.
LGS said it measured emissions, reduced them where possible, offset emissions and publicly reported on the results.
The fund’s head of responsible investment, Moya Yip, said LGS supported a number of carbon offset products.
These included 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,” Yip said.
“The carbon offset projects align with the United Nations Sustainable Development Goals and the values of our membership base.
“The projects deliver community benefits in the form of employment opportunities for the local population, especially for women in enterprise. They also raise living standards through clean water and solar energy as well as introducing innovations into local agriculture.”
The central bank has announced its latest rate decision amid stubborn inflation and increasing geopolitical tension.
Aware Super has outlined its systematic approach to corporate engagement as institutional investors increasingly assert their influence on company boards and take on an active stewardship role.
The country’s second-largest super fund has completed its fourth SFT this past financial year and welcomes almost 5,000 new members.
The corporate fund has announced it is seeking a suitable merger partner as the number of corporate super funds in Australia continues to dwindle.
Add new comment