Local Government Super (LGS) today announced it has won the SuperRatings Infinity award for the fourth time – taking out the prestigious award in recognition of its leadership in sustainable and responsible investment.
LGS Chief Executive Officer, Peter Lambert, said: “Winning the SuperRatings Infinity Award is great acknowledgement for the work we do to safeguard our members’ savings and achieve the long-term sustainable returns essential for our members’ retirement.
“We now have more than $5 billion of our members’ savings in sustainable and responsible investment strategies, including shares, private equity and direct property assets, and this commitment is the largest of any super fund in Australia.”
This year, SuperRatings assessed super funds on a wide range of criteria such as management of climate change risk, member engagement and the types of investment options available to members.
“Our Sustainable Australian Shares option is an alternative for members who have a strong commitment to sustainability and it has performed strongly this financial year to May with a 20.97% return on our members’ retirement savings,” Mr Lambert said.
“Winning the Infinity Award again just provides us with more motivation to further improve the way we manage our environmental, social and governance risks right across our investment portfolio.”
LGS is the only superannuation fund that has won the Infinity Award four times since SuperRatings introduced the award in 2008, previously taking the top spot in 2014, 2012 and 2011.
This latest award follows on from LGS’ number one global ranking for the management of climate change in the Asset Owner’s Disclosure Project (AODP) earlier this year.
Source: Local Government Super (LGS)
