Local Government Super identified as global leader in ESG investment


Craig Turnbull

Local Government Super (LGS) has announced that it has been identified by the world’s leading independent proponent of responsible investment, the United Nations Principles for Responsible Investment (UNPRI), as being in the top 10% of responsible asset owners worldwide. As a result, LGS has been included in the UNPRI Leaders’ Group which was recently announced at the UNPRI conference in Paris.

The UNPRI is an international network that works to better understand the investment implications of environmental, social and governance (ESG) factors, and to support asset owners to incorporate these factors into their investment and ownership decisions. The UNPRI founded the Leaders’ Group to showcase ESG leadership, and to increase the accountability in respect to responsible investment standards.

LGS’ Chief Investment Officer, Craig Turnbull, said: “We’re proud to have been included in the UNPRI Leaders’ Group. The main aim of the UNPRI is to encourage investors to use responsible investment not only to better manage risk, but to improve returns, and this aligns with LGS’ core objective of enhancing the retirement income of our members through the responsible, long-term stewardship of their funds.”

Selection into the UNPRI Leaders’ Group is based on an assessment of governance, responsible investment implementation and transparency. Asset owners with high scores are then screened against a specific theme. In 2019, asset owners were screened against the selection, appointment and monitoring of external managers of shares and private equity.

LGS’ Acting Chief Executive Officer, Donna Heffernan, said: “This is a great achievement for LGS. We’ve long been an industry leader in Australia, so it’s very pleasing to be included in the Leaders’ Group. It’s a global endorsement of our achievements in responsible investment.

LGS is also a proud signatory to the Australian Asset Owner Stewardship Code. LGS has a well-established active ownership policy, and strongly believes that positive social and environmental outcomes can be achieved by taking a responsible, long-term approach to the management of its members’ retirement savings.

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