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Local Government Super cleans up at green awards

Industry fund Local Government Super (LGS) has pointed to its environmentalist credentials, with a number of recent accolades from international bodies and some key ‘green’ investments.

According to a statement from the fund, LGS has been awarded a Green Star rating from the Global Real Estate Sustainability Benchmark and a ‘highly commended’ accolade from the Green Globe Awards.

The recognition comes off the back of the fund’s investment in the European Bank for Reconstruction and Development’s (EBRD's) Green Bond – the only Australian superannuation fund to invest in this asset, which was issued in September.

“Our decision to invest in the EBRD bond reflects our long-standing view that investing sustainably is the key to delivering returns to our members over horizons in the order of 40 years or more,” said LGS chief executive Peter Lambert.