Local Government Super (LGS) has for some time been pursuing an environmentally and socially responsible approach to investing. Its direct property holdings, which are currently worth more than $600 million, source all base power from green energy and tenants are required to adopt this as a condition for the renewal of their lease.
LGS has also for some time been running a Socially Responsible Investment overlay which acts to negate any exposure to companies involved in areas such as tobacco, old-growth logging, uranium mining, nuclear technologies, armaments, gambling or those with poor environmental, social or governance practices.
Specific investments have been made by LGS in the renewable energy and bioremediation industries.
