This prestigious award recognises the super fund most committed to addressing its environmental and ethical responsibilities and confirms LGS as Australia’s leading responsible and sustainable super fund.

Commenting on the award, Chief Executive Officer, Phil Stockwell said, “At LGS, responsible investment is not an investment option, it’s integrated into everything we do. This ensures that our members can sleep well at night, knowing their super fund is managing their retirement income in a sustainable and ethical manner without sacrificing long-term returns.”

The aim of LGS’ responsible investment approach is to earn long-term sustainable returns by seeking out investments that have a positive impact on the environment and local communities while minimising the long-term environmental, social and governance (ESG) risks.

Head of Responsible Investment at LGS, Moya Yip, said, “Our approach is to employ a range of strategies to manage ESG risks including positive and negative screens, and as an active owner, we engage directly with companies in our portfolio and with industry organisations to continually improve sustainability performance.”

LGS manages one of the most sustainable direct property portfolios in Australia, having achieved Carbon Neutral certification for all NABERS rated buildings in the portfolio. Over 50% of the property portfolio utilises renewable energy generated onsite from solar panels while all electricity procured by LGS is offset with 100% GreenPower. This ensures the buildings only use independently accredited renewable energy from 100% renewable sources.

LGS has also been certified carbon neutral through Climate Active. The certification includes all LGS employees, the Sydney head office, and the fund’s seven regional offices.

LGS supports a number of carbon offset projects, including a re-forestation project in New South Wales, the Rimba Raya biodiversity reserve project in Indonesia, and a wind power project in Rajasthan, India. These projects reflect our local and global outlook and they generate environmental, social and economic co-benefits.

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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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