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Local Government Superannuation Scheme

PRI reporting framework 2017

You are in Organisational Overview » Basic Information

Basic Information

OO 01. Signatory category and services

01.1. 組織または組織が提供するサービスに最もよく当てはまる種類を選択してください。。

01.2. 補足情報。 [任意]

LGS manages approximately USD 7.1 billion* in superannuation assets for over 92,000 members including employees working for local government or related employers throughout NSW and former local government employees.  The fund is also open to members of the public.

LGS is a certified responsible investor, with investments across Australian and international shares, property, infrastructure, fixed interest, private equity and absolute return asset classes.

*Discrepancy with OO.04.2 due to UNPri exchange rate used.


OO 02. Headquarters and operational countries

02.1. 組織の拠点がある場所を選択してください。

Australia

02.2. オフィスが所在している国数を記載してください(本部を含む)。

02.3. 組織が正規雇用しているスタッフのおおよその人数を記載してください。

95 正規職員

02.4. 補足情報。 [任意]


OO 03. Subsidiaries that are separate PRI signatories

03.1. 組織内に単独でPRI署名者となっている子会社があるかどうかを記載してください。

03.3. 補足情報。 [任意]


OO 04. Reporting year and AUM

04.1. 報告年度の最終日を記載してください。

31/12/2016

04.2. 報告しないことを選択した子会社を除き、報告年度末のAUM合計を記載してください。

Total AUM
10億 100万
Currency
Assets in USD
10億 100万

04.4. 補足情報。 [任意]

USD figure used throughout report based on A$/US$ exchange rate of $0.7214 at 31 December 2016.


OO 06. How would you like to disclose your asset class mix

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. どのように資産クラス構成を開示したいかについて記載してください。

組織内で運用
組織外で運用

 

上場株式 <10% 0.3 10-50% 41.4
債券 0 0 10-50% 15.4
プライベートエクイティ 0 0 <10% 5.9
不動産 <10% 4.5 <10% 2.5
インフラ 0 0 <10% 3.1
コモディティ 0 0 <10% 0.2
ヘッジファンド 0 0 10-50% 11.9
森林 0 0 0 0
農地 0 0 0 0
包括的な金融 0 0 0 0
現金 0 0 10-50% 10.3
その他(1)(以下に具体的に記入してください) 0 0 <10% 4.5
その他(2)(以下に具体的に記入してください) 0 0 0 0

‘その他(1)’を具体的に記入してください

          Other: Semi liquids
        

06.2. 添付の画像に従って組織の資産クラス構成を公表する

06.3. AUM資産クラス分割について説明する情報を記載してください。 [任意]


OO 07. Fixed income AUM breakdown

07.1. 以下のカテゴリを使用して、報告年度末時点の組織の債券AUMを5%単位での概算内訳を記載してください。

組織外で運用

61.7 SSA
11 社債(金融)
21.8 社債(非金融)
5.5 証券化商品
債券AUM合計 100%

OO 08. Segregated mandates or pooled funds

New selection options have been added to this indicator. Please review your prefilled responses carefully.

08.1. 組織外で運用する資産の内、分離型マンデートとプール型ファンドの内訳を明示して下さい。

資産クラスの内訳
分離型マンデート
プール型ファンド​
[a]上場株式
[b]債券 – SSA
[c] 債券 – 社債 (金融)
[d] 債券 – 社債 (非金融)
[e] 債券 – 証券化商品
[f] プライベートエクイティ
[g] 不動産
[h] インフラ
[i] コモディティ
[j] ヘッジファンド
[n] 現金
[o] その他 (1), 具体的に記入して下さい_______
組織外運用資産合計

組織外で運用する資産の合計

100%

08.2. 補足情報。 [任意]

Other: Semi Liquids


OO 09. Breakdown of AUM by market

09.1. 組織のAUMの内訳を市場別に示してください。

 

先進国市場

新興国市場、フロンティア、その他の市場
合計
100%

09.2. 補足情報。 [任意]

At LGS the tools employed for Responsible Investment include: - 

Negative and postive screens;

LGS SRI Overlay;

ESG and low carbon thematic investments across numerous asset classes;

Quantitative assessment of ESG and carbon risks in our listed equities portfolios;

Engagement with our external managers (who undertake the bulk of daily portfolio investment management in accordance with mandates determined by LGS);

Engagement and proxy voting on ASX and international equities.

LGS is also actively involved in industry groups with directorships of the Austalian Council of Superannuation Investors (ACSI), Investor Group on Climate Change (IGCC) and membership of the UNPRI, Responsible Investment Association of Australasia (RIAA) and Global Real Estate Sustainability Benchmark (GRESB).

LGS' mission statement is: "To provide above average and sustainable investment returns, competitive products, quality personalised service and non-commission driven financial advice".

The LGS vision statement is: " To provide an outstanding retirement scheme for current and former employees of local government while the agreed values for all LGS staff are: trust, integrity, professionalism and unity".

LGS has a long standing commitment to responsible investment. It commenced in 1999 when we excluded tobacco stocks across our equities portfolio and has developed considerably since then.  As an asset owner that aspires to be a universal owner with a long term, future looking investment horizon, we believe ESG issues create material investment risks that need to be managed.  A well developed responsible investment strategy can both assist in generating long term risk controlled investment returns whilst also aligning ourselves with our members' environmental and social concerns.  It is recognised that the long term prosperity of the economy and the well being of members depends on a healthy environment, social cohesion and good governance of the companies in which it invests. Adopting a systematic approach to managing ESG risk in our investments is entirely consistent with and will assist our fiduciary duties of acting in the best interests of our members and achieving strong long term investment returns.

Effectively implementing responsible investment practices requires sound governance procedures and dedicated management attention. For LGS, this has resulted in formal involvement from the Board and executive team, the employment of dedicated internal Sustainbility staff and increasing commitment to sustainability to cover corporate matters.

In future, LGS will continue to monitor its portfolios and external managers for leading practice examples that integrate sustainability with superannuation investment returns.  This will continue our journey of developing our capacity in incorporating ESG issues within our investment decision making process with an aspiration to creating portfolio "hedges" or responses against climate change and other ESG risks while maintaining alignment with our members' values.  LGS is looking to incorporate ESG considerations and strategies across all our asset classes as long as they meet minimum investment risk reward hurdles.


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