Local Government Super (LGS) has been certified as carbon neutral through Climate Active which includes all employees, its Sydney head office, and its seven regional offices.
LGS said it measured emissions, reduced them where possible, offset emissions and publicly reported on the results.
The fund’s head of responsible investment, Moya Yip, said LGS supported a number of carbon offset products.
These included 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,” Yip said.
“The carbon offset projects align with the United Nations Sustainable Development Goals and the values of our membership base.
“The projects deliver community benefits in the form of employment opportunities for the local population, especially for women in enterprise. They also raise living standards through clean water and solar energy as well as introducing innovations into local agriculture.”
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.
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