Local Government Super (LGS) has been certified as a responsible superannuation fund by the Responsible Investment Association Australasia (RIAA).
RIAA's certification program aims to increase the uptake of responsible investment by guiding consumers towards more responsible and ethical investment choices.
Commenting, LGS chief executive, Peter Lambert, said "the RIAA certification enables consumers to differentiated responsible investment products and services from other, more conventional investment options, making it easier for them to make an informed choice".
"LGS is one of the first super funds to be certified by RIAA's new program. We will receive the RIAA responsible investor trade mark for our whole super fund, which endorses our long-standing commitment to superior environmental, social and governance (ESG) performance and ethical investment management and advice.
"LGS was the first not-for-profit super fund to restrict companies with a material exposure to high carbon activities in its investment portfolio, and since then the need for genuine sustainable and responsible investing has become increasingly recognised in Australia and internationally."
BlackRock boss Larry Fink praised Australia’s superannuation system in his annual chairman’s letter.
The prudential regulator has announced it will publish new expenditure data of superannuation funds, providing details on expenses like advice, director remuneration, and payments to unions.
Affirming the UK’s growing attractiveness as an investment destination, a number of Australia’s largest investors recently joined the UK Foreign Secretary for an exclusive briefing in Canberra to discuss further opportunities for trade and growth.
The specialist superannuation law advisory practice is set to wind up, with managing partner Jonathan Steffanoni planning to bring a new offering to market.
Add new comment