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
Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum.
Institutional investors have entered November with their largest pre-election equity allocation in two decades, according to new data.
The sovereign wealth fund remains cautious of the impact of high inflation as it announces a strong return in its latest update.
Australia is becoming increasingly recognised as an attractive investment opportunity against global counterparts, recent analysis has found.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
