POWERED BY MOMENTUM MEDIA
LGS top of world for sustainable investment practices
Local Government Super (LGS) has been ranked second globally for sustainable investment practices, according to the Climate Institute's Asset Owner's Disclosure Project (AODP) survey of the world's top-ranked green investors.
LGS also retained its' AAA rating in the AODP survey, which assesses how 458 of the world's largest investors are managing risks and opportunities associated with climate change while also protecting members' retirement savings from climate risk.
LGS currently invests more than $4.2 billion of assets in responsible strategies across multiple asset classes, with LGS chief executive Peter Lambert stating that climate change was the most important environmental, social and governance (ESG) investment issue for the group.
"Investment markets are continually changing and increasingly, that change includes greater awareness of the associated environmental, social and governance (ESG) risks. LGS is proud to be a leader in managing these risks, which we have long recognised as affecting long-term investment outcomes," Lambert said.
Lambert said highlights of LGS's commitment to ESG investing include its Sustainable Australian Shares investment option, as well as LGS being the only Australian super fund investing in the AAA-rated Green Bonds issued by the European Bank for Reconstruction and Development (EBRD), which focus on environmentally sustainable projects.
Lambert said that as the superannuation industry adopted ESG practices more widely, it was important to recognise this was an evolving field requiring that investors remain open to new innovations and continually improve ESG performance.
"Building more sustainable investment portfolios involves not only investment per se, but also a commitment to ongoing transparency about the impact of these investments and active participation as asset owners," he said.
"Members can expect more from us in the new year as we work to safeguard their investments from environmental, social and governance risks."
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.
Big business has joined the chorus of opposition against the proposed Division 296 tax.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
