Local Government Super Whole of Fund

Product Name

Local Government Super Whole of Fund

Issuer

Local Government Super

Category

Superannuation

Type

Superfund whole of fund

Target

Retail

Certified Since

2016

Asset Classes

Diversified / Multi-asset

Markets

Australia

Investment Approaches

ESG Integration, Negative Screening

It Includes:

  • Riaa icons 14 Education
  • Riaa icons 32 Green property
  • Riaa icons 12 Healthcare and medical products
  • Riaa icons 11 Impact investments
  • Riaa icons 10 Renewable energy and energy efficiency
  • Riaa icons 15 Social and sustainable infrastructure
  • Tree green background Sustainable land and agricultural management
  • Riaa icons 13 Sustainable transport
  • Riaa icons 31 Sustainable water
  • Investment2 More sustainable companies

It has some level of screening for:

  • Riaa icons 36 Armaments
  • Riaa icons 42 Gambling
  • Riaa icons 52 Human rights abuses
  • Riaa icons 38 Labour rights violations
  • Riaa icons 34 Logging
  • Riaa icons 50 Nuclear power
  • Riaa icons 35 Tobacco

It fully excludes:

    Overview

    Extracts from "How we invest your money": "LGS invests on behalf of our members in a range of assets using a responsible investment approach. We believe that this approach minimises risks, generates better long-term returns and is in line with our members’ interests. A responsible investment approach means integrating environmental, social and governance (ESG)1 considerations into investment decision making processes." MySuper Age Based Investment product consists of investments in a "particular pre-mixed investment option according to the member's age". Below is an excerpt from our fact sheet on "How we invest your money" as part of our product disclosure document, which outlines the RI strategy applied to our products. "Examples of the responsible investments LGS makes across different asset classes on behalf of our members include: • International shares - We invest in listed companies that focus on biofuels, energy and water efficiency, recycling and renewable energy generation equipment and development. • Australian direct property - We own a green property portfolio of office, industrial and retail buildings and have achieved numerous industry awards in recognition of our efforts to reduce energy and water consumption and increase sustainability. • Private equity - We invest in unlisted funds to enable the development of solar and wind farms, biofuel plants and clean technology projects. • Absolute returns - We invest in electricity and environmental markets to manage climate risks. • Australian bonds- We invest in Green Bonds issued by corporations and community infrastructure including hospitals and schools. • International bonds- We invest in long-term, large scale renewable energy generation projects such as wind and solar farms via Green Bonds issued by international agency banks."


    Description


    This product is responsibly invested across different asset classes with a focus on investments in solar & wind farms, clean technology projects, hospitals & schools, green property portfolio, water efficiency etc.
     
     Investment restrictions applied to this product are:
    • LGS will not actively invest in companies that derive any revenue from: 
    • Controversial weapons - including the manufacture and/or production of controversial weapons such as land mines, cluster bombs and nuclear weapons.
    • Tobacco - including the manufacture and/or production of tobacco products. 
    • LGS will not actively invest in companies that derive 10% or more of their revenue from: 
    • Armaments - including the manufacture and/or production of armaments. 
    • Gambling - including the manufacture and/or production of gambling machines and services and/or ownership of outlets housing these machines. 
    • Old growth logging - including involvement in logging of old growth forests. 
    • Uranium mining/nuclear - including involvement in uranium mining and production of nuclear energy. 
    • LGS will not actively invest in companies that derive 33.3% or more of their revenue from: 
    • High carbon sensitive activities - including coal mining, oil tar sands and coal fired electricity generation. 
    • LGS will not actively invest in companies that are identified as: 
    • High ESG risk - including poor governance and management of ESG risks. 

    Other products certified by the Responsible Investment Association Australasia (RIAA)

    Local Government Super Balanced

    Local Government Super Balanced Growth

    Local Government Super Conservative

    Local Government Super High Growth

    Local Government Super Managed Cash

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