LGS continues ESG journey

8 October 2013
| By Staff |
image
image
expand image

Industry super fund Local government Super (LGS) has continued to beef up its focus on environmental, social and governance (ESG) factors in its investment strategy after investing in the European Bank for Reconstruction and Development (EBRD) Green Bond. 

The bond focuses on environmentally sustainable projects across energy efficiency, clean energy, water and waste management, environmental services and sustainable public transport. 

Just over half ($3.7 billion) of LGS's assets are invested in responsible investment strategies across Australia and international equities, property, absolute return, private equity and sovereign bonds. 

The fund has also pledged its commitment to recent ASX Guidelines on ESG disclosure requirements. 

"This is another positive development that once again demonstrates increasing understanding in the broader investment community that the key to long-term investment success is to ensure that whatever we invest in - be it companies, properties or any other asset - is going to go the distance," said LGS chief executive Peter Lambert. 

Lambert said the fund had worked to embed more sustainable investment practices in its portfolio for the past 10 years. Its work has resulted in a string of local and global accolades and recognition this year. 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

10 months 2 weeks ago
Kevin Gorman

Super director remuneration ...

10 months 3 weeks ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

10 months 3 weeks ago

The fund’s inaugural chief retirement officer is looking to establish a new venture. ...

4 hours 39 minutes ago

The sovereign wealth fund remains cautious of the impact of high inflation as it announces a strong return in its latest update....

22 hours 43 minutes ago

In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities....

23 hours 47 minutes ago