LGS achieves standout scores in 2020 UNPRI Assessment Report

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Local Government Super (LGS) has released its latest United Nations Principles for Responsible Investment (UNPRI) assessment report with 11 categories across its portfolio scoring in the A+ performance band (the highest possible rating).

The UNPRI report assists asset owners, who are signatories to the UNPRI principles, to compare their responsible investment performance across a range of asset classes, yearon-year, and against other asset owners on a local and global level.

Commenting on the results, Chief Executive Officer, Phil Stockwell, said, “The UNPRI assessment report is an important measure of how well we are implementing our responsible investment strategy across the portfolio. The A+ score for strategy and governance reflects our commitment and the quality of the work we do managing long-term environmental, social and governance risks for the benefit of our members and the community.”

As part of the assessment, LGS completes an annual survey on its responsible investment activities across a defined set of asset-specific modules within the UNPRI Reporting Framework. These responses are assessed, and results are compiled into an assessment report. A performance band (from A+ down to E) is then assigned to each module by aggregating all the indicator scores.

Head of Responsible Investment at LGS, Moya Yip, said, “These are exceptionally pleasing results for LGS. Our A+ scores for the active ownership of shares and property, in particular, are a direct result of working closely with companies, as well as developing our direct property portfolio, over many years to be more sustainable by continually improving environmental, social and governance practices.”

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