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LGS becomes RIAA certified
Local Government Super (LGS) has been certified as a responsible superannuation fund by the Responsible Investment Association Australasia (RIAA).
RIAA's certification program aims to increase the uptake of responsible investment by guiding consumers towards more responsible and ethical investment choices.
Commenting, LGS chief executive, Peter Lambert, said "the RIAA certification enables consumers to differentiated responsible investment products and services from other, more conventional investment options, making it easier for them to make an informed choice".
"LGS is one of the first super funds to be certified by RIAA's new program. We will receive the RIAA responsible investor trade mark for our whole super fund, which endorses our long-standing commitment to superior environmental, social and governance (ESG) performance and ethical investment management and advice.
"LGS was the first not-for-profit super fund to restrict companies with a material exposure to high carbon activities in its investment portfolio, and since then the need for genuine sustainable and responsible investing has become increasingly recognised in Australia and internationally."
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