“Local Government Super takes out the Infinity Award for the third time”
Local Government Super (LGS) has been announced as the winner of this year’s SuperRatings Infinity Award. The Award is presented to the superannuation fund that best demonstrates its commitment to addressing its environmental and ethical responsibilities.
Local Government Super CEO, Peter Lambert, accepted the Award on behalf of the Fund at theAustralian Institute of Superannuation Trustees (AIST) Conference of Major Super Funds (CMSF) on the Gold Coast.
Mr Lambert said that “Our overriding aim at Local Government Super has always been to achieve strong long-term sustainable returns for our members and you can only hope to do that if you closely manage the environmental, social and governance risks right across your investment portfolio”.
“We recognise that we need to earn returns for our members over the long term, and that means you’re looking at an investment horizon of 20, 30, or even 40 years. And that’s why we are so active in implementing genuine long-term sustainable and responsible investment strategies across all asset classes.”
He also said that “the SuperRatings Infinity Award is a highly coveted award and winning it for the third time is great recognition of all the hard work our team has done over the last few years.”
The criteria for the Infinity Award encompass all aspects of a superannuation fund’s ability to support sustainable and responsible investment. These span criteria such as sustainability, risk management policies and initiatives and performance, through to member engagement and operations, engagement with service providers, asset allocation and a general fund overview.
This latest award follows on from the previous Infinity Awards Local Government Super picked up in 2011 and 2012, and also after recently being ranked second globally, with a ‘AAA’ rating, for the management of climate change in the Asset Owner’s Disclosure Project (AODP), a global survey of the world’s largest super funds.
