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
BlackRock has reduced its exposure to Australian and European equities in favour of emerging markets.
Equity markets have surged ahead of fundamentals as institutional investors fall behind, according to Ten Cap Alpha Plus.
Local investors are leading the region in plans to boost private market exposure, as demand grows for innovative fund structures, resilient investments, and a more selective approach to alternatives.
Research shows institutional investors are increasingly turning to private credit, but the APAC region’s relatively small market size remains a key constraint.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
