POWERED BY MOMENTUM MEDIA
LGS leads way in signing Green Bond Pledge
Local Government Super (LGS) is a founding and sole Australian signatory to the Green Bond Pledge, an international declaration that all bonds financing long-term infrastructure and capital projects need to address environmental impacts and climate risk.
Other founding signatories included the US State Treasurers of California, New Mexico and Rhode Island, the cities of Asheville and San Francisco in California, King County in Washington, and financial firms, Global New Energy Finance and R3 Returns.
Climate Bonds Initiatives chief executive, Sean Kidney, congratulated the signatories, saying that they were opening a path for much-needed linkage between sub-nationals and corporate climate goals and their balance sheets and investment plans.
“We’re proud to be the sole Australian signatory to the Green Bond Pledge. The objectives of the Pledge perfectly align with our philosophy for responsible investing,” LGS head of responsible investment, Bill Hartnett, said.
“The Pledge is based on the premise that public and private sector bonds financing long-term clean infrastructure need to incorporate mitigation, adaptation and resilience to climate impacts.”
The Pledge, launched last week, reflected the goals of the Paris Agreement.
Recommended for you
AustralianSuper has usurped the Future Fund as the biggest Australian asset owner, jumping from 43rd to 36th place globally, according to an annual study by the Thinking Ahead Institute.
IFM Investors, the global institutional asset manager owned by superannuation funds, has signed a memorandum of understanding with the UK government to invest £10 billion by 2027.
Uniseed, a venture fund backed by UniSuper, has added five major universities to its research partnership ranks to advance Australian innovation.
Global investor confidence has seen a muted rise of 0.9 points in September, compared to double-digit gains in the previous month.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Hills International
85.92 3 y p.a(%)
2
Acadian Global Equity Long Short Class A
33.38 3 y p.a(%)
3
Acadian Wholesale Global Eqty Long Short
33.02 3 y p.a(%)
4
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.66 3 y p.a(%)
5
Argonaut Natural Resources Ordiry Fully Paid Dis AUD
30.70 3 y p.a(%)
