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Superannuation

Local Government Super wins Infinity Award for the sixth time

16 Oct 2017
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Local Government Super (LGS) has won the SuperRatings Infinity award for the sixth time, cementing its position as the industry leader in responsible and sustainable investment.

LGS Chair, Bruce Miller, said “We are proud of the team at LGS for this significant achievement. To be the only super fund that has won the Infinity Award six times since SuperRatings introduced the award in 2008 is a testament to our ongoing commitment and continued success”.

LGS Chief Executive Officer, David Smith, said: “We are delighted to be recipients of the Infinity Award once again. This Award reflects our commitment to achieving long-term sustainable returns for our members while also actively managing the environmental, social and governance risks across our investment portfolio.

“As one of the country’s leading sustainable super funds, we invest in long-term growth sectors that will have a positive impact on the wider community, such as renewable energy generation, clean technology, recycling and sustainable agriculture.

“Looking at 2016-2017 financial year, we reached A$954 million in low-carbon investments, up from A$790 million in just six months. This is just one example of how we’re continually looking to enhance our responsible and sustainable investment approach to managing our portfolio.”

“We are highly active in member engagement and education about responsible investment.  LGS has a fiduciary responsibility to operate in a sustainable manner that is in the best interest of our members,” Mr Smith said.

The Infinity Award recognises the super fund that best demonstrates its commitment to environmental and ethical responsibilities. Criteria for the award includes sustainability, risk management policies, initiatives and performance, through to member engagement, and operations, engagement with service providers, asset allocation and a general fund overview.

This latest award follows LGS’ number one ranking globally and in Australia for the management of climate change in the Asset Owner’s Disclosure Project (AODP) earlier this year.

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