POWERED BY MOMENTUM MEDIA
LGS achieves 6 Star green rating
Industry super fund Local Government Super (LGS) has been recognised by the Green Building Council of Australia for its sustainable building practices with a ‘6 Star Green Star – Performance’ rating for its direct property portfolio.
It had also been certified ‘carbon neutral’ by Climate Active for the third consecutive year, which applied to all seven NABERS-rated buildings in the fund’s portfolio.
The Green Star rating assessed the operation performance of existing buildings across nine categories, which included management, indoor environment quality, energy usage, transport, water consumption, building materials, emissions, innovation, and land use and ecology.
It was used by building owners to measure how successfully they managed existing assets and helped communicate this commitment to investors and building users.
Phil Stockwell, LGS chief executive said the rating for the fund’s $720 million direct property portfolio underscored LGS’ commitment to responsible investing.
“LGS is proud to be recognised with this accolade for the operating performance of our direct property portfolio,” Stockwell said.
“It complements the portfolio’s third consecutive carbon neutral certification that we just received, as well as our existing NABERS ratings, further demonstrating LGS’ long-term leadership and commitment to sustainability.”
Scott Armstrong, LGS head of property, said the fund was committed to ensuring responsible management practices remained in place to minimise the environmental impact across its direct property portfolio.
“This is an outstanding achievement as we have become the first diversified portfolio which includes office, retail and industrial buildings to achieve the 6 Star Green Star – Performance rating in Australia,” Armstrong said.
“We believe that high sustainability performance translates to better investment performance for our members as green buildings have a better ability to attract and retain tenants and also have high-quality management.”
Recommended for you
The Federal Court has ordered AustralianSuper to pay $27 million for failures to address multiple member accounts.
The country’s fourth-largest fund is targeting the “missing middle” of members with a new digital advice service in partnership with Ignition Advice.
The prudential regulator confirmed it is considering BUSSQ’s Federal Court appeal.
The Albanese government has put forward a bold proposal to tackle the challenges of Australia’s swelling retirement pool, in an effort to allow superannuation funds to play a more active role in shaping members’ retirement outcomes.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.78 3 y p.a(%)
3
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
30.80 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
28.31 3 y p.a(%)
