Local Government Super (LGS) has been certified as carbon neutral through Climate Active which includes all employees, its Sydney head office, and its seven regional offices.
LGS said it measured emissions, reduced them where possible, offset emissions and publicly reported on the results.
The fund’s head of responsible investment, Moya Yip, said LGS supported a number of carbon offset products.
These included a re-forestation project in New South Wales, the Rimba Raya biodiversity reserve project in Indonesia, and a wind power project in Rajasthan, India.
“These projects reflect our local and global outlook and they generate environmental, social and economic co-benefits,” Yip said.
“The carbon offset projects align with the United Nations Sustainable Development Goals and the values of our membership base.
“The projects deliver community benefits in the form of employment opportunities for the local population, especially for women in enterprise. They also raise living standards through clean water and solar energy as well as introducing innovations into local agriculture.”
Insignia’s Master Trust business suffered a 1.9 per cent dip in FUA in the third quarter, amid total net outflows of $1.8 billion.
While the Liberal senator has accused super funds of locking everyday Australians out of the housing market, industry advocates say the Coalition’s policy would only push home ownership further out of reach.
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
As institutional investors grapple with shifting sentiment towards US equities and fresh uncertainty surrounding tariffs, Australia’s Aware Super is sticking to a disciplined, diversified playbook.