Local Government Super becomes RIAA certified

From
Peter Lambert

Peter Lambert

Local Government Super (LGS) has announced it has been certified as a responsible super fund by the Responsible Investment Association Australasia (RIAA), the peak industry body representing responsible and ethical investors across Australia and New Zealand.

The RIAA Certification Program aims to increase the uptake of responsible investment by guiding consumers towards more responsible and ethical investment choices. RIAA certification promotes consistent and standardised disclosure, ensures the highest standards of responsible investment are met and verifies this through stringent criteria and assessment.

LGS Chief Executive Officer, Peter Lambert, said LGS was pleased to receive this certification as further independent recognition of the super fund’s leadership in sustainable and responsible investing.

“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.

“Our commitment to responsible investment, combined with our competitive products, personalised service and non-commission based financial advice makes us a great superannuation option for everyone.

“The RIAA certification enables consumers to differentiate responsible investment products and services from other, more conventional investment options, making it easier for them to make an informed choice.”

LGS will also receive RIAA support in promoting responsible investment to the investment community and more widely to existing and prospective members.

Mr Lambert went on to say that “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.”

RIAA has over 165 members who manage more than $1 trillion in assets under management globally. For more information on the RIAA certification program, click here.

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