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.
When financial failures occur and accountability can’t be pinpointed clearly, often it is the adviser that gets ...
When dealing with high-risk investment portfolios and platforms, it is important advisers manage expectations even when ...
Orbis Investments has added a new marketing head to extend its reach to advised retail investors as part of its “next ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin