Local Government Super - property portfolio

Local Government Super (LGS) was established in 1997 to provide retirement benefits to employees of Local Councils in NSW and is now a public offer fund. LGS manages $12 billion in superannuation assets and has approximately 90,000 members. LGS is a multi-award winning certified responsible super fund with investments across Australian and International shares, property, infrastructure, private equity, absolute return and fixed interest. LGS manages a $680 million direct property portfolio (the Portfolio) which comprises eight high quality assets located throughout NSW. The Portfolio helps LGS to achieve long-term stable returns which is key to helping our members build their retirement savings.

“Being carbon neutral is not just about looking after the environment. Energy efficient buildings reduce operating costs, are more productive and generate additional revenue streams.”

Type of certification.

Building. In April 2019, 100 per cent of the NABERS rated buildings in the LGS Portfolio (comprising six buildings valued at approximately $600 million and representing 88 per cent of the Portfolio) was the first property portfolio in Australia to be certified carbon neutral by NABERS on behalf of Climate Active.

How long have you been certified carbon neutral?

Since April 2019.

Why are you carbon neutral?

According to NABERS buildings use 40 per cent of the world’s energy, emit 40 per cent of the world’s carbon emissions, and use 20 per cent of the world’s available drinking water. LGS is committed to ensuring that responsible management practices are in place to minimise the environmental impact of its assets and that it is making a positive contribution to society. The average age of LGS’ NABERS rated property portfolio is 29 years which demonstrates that older building stock in the mid-tier sector can achieve market leading sustainability performance and carbon neutrality whilst delivering financial returns above peer benchmarks.

What are the benefits of your carbon neutral certification?

Being carbon neutral is not just about looking after the environment. Energy efficient buildings reduce operating costs, are more productive and generate additional revenue streams.

What offset projects do you support?

LGS invests in a 15 MW grid connected wind power project by Minerals & Metals Trading Corporation (MMTC) Limited in Karnataka in south west India. These offsets were purchased with bundled biodiversity offsets from a revegetation project in Australia.

Why did you choose these projects?

The MMTC wind farm project adds significant capacity to India’s supply of renewable energy with 25 wind energy generators each generating 600 KV. Native forests capture carbon pollution from the atmosphere, reduce salinity and soil erosion, provide vital habitat to native wildlife, conserve biodiversity and generate resilience to climate change in the landscape.

What else are you doing to reduce emissions?

Some sustainability initiatives already implemented across the LGS Portfolio include the installation of energy and water sub-metering to accurately measure and monitor usage, air and water balancing, installing economy cycle and optimal start controls to HVAC systems, and introducing air quality monitoring. Plant and equipment have been upgraded, variable speed fan drives installed, old inefficient A/C package units replaced, and lighting upgraded. Onsite generation of electricity has been incorporated through the installation of rooftop solar PV systems delivering electricity savings in the order of 30 per cent. Measuring and analysing waste data and managing waste streams has commenced to increase recycling rates and reduce waste to landfill.

How can the community support you?

Our property management teams engage with tenants to educate and promote sustainability initiatives by encouraging them to purchase GreenPower, reduce consumption and improve waste and recycling rates. As a result, over 80 per cent of tenants in the LGS Portfolio have made commitments in their lease agreements to purchase 100 per cent GreenPower (Accredited Renewal Energy). In 2018 several office tenants completed NABERS Tenancy ratings via the NABERS Co-Assess tool trial. At MarketPlace Leichhardt, food tenants place their organics waste into a ‘Pulpmaster’ that turns this stream into organic fertiliser and bio-fuel. Contractor education and management is undertaken by facilities and operations managers.

Of particular note is use of data analytics which has generated closer engagement between site teams and contractors who meet monthly to discuss opportunities to further improve energy and water performance across each LGS building. LGS also engages with companies in which it invests to maximise shareholder value and increase executive awareness of key environmental, social and governance issues that may impact company operations, now or in the future.

Find out more...

Public Disclosure Statement

76 Berry St

CERTIFICATION TYPE:
Building

YEAR

2020-21

PUBLICATION DATE:
2020-04-08

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Public Disclosure Statement

76 Berry St

CERTIFICATION TYPE:
Building

YEAR

2019-20

PUBLICATION DATE:
2019-11-11

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Public Disclosure Statement

Leichhardt Marketplace

CERTIFICATION TYPE:
Building

YEAR

2020-21

PUBLICATION DATE:
2020-09-18

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Public Disclosure Statement

Leichhardt Marketplace

CERTIFICATION TYPE:
Building

YEAR

2019-20

PUBLICATION DATE:
2019-11-11

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Public Disclosure Statement

2-4 Lyonpark Rd

CERTIFICATION TYPE:
Building

YEAR

2020-21

PUBLICATION DATE:
2020-04-09

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Public Disclosure Statement

2-4 Lyonpark Rd

CERTIFICATION TYPE:
Building

YEAR

2019-20

PUBLICATION DATE:
2019-11-11

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Public Disclosure Statement

28 Margaret St

CERTIFICATION TYPE:
Building

YEAR

2020-21

PUBLICATION DATE:
2020-04-09

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Public Disclosure Statement

28 Margaret St

CERTIFICATION TYPE:
Building

YEAR

2019-20

PUBLICATION DATE:
2019-11-11

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Public Disclosure Statement

The Village Centre

CERTIFICATION TYPE:
Building

YEAR

2020-21

PUBLICATION DATE:
2020-04-09

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Public Disclosure Statement

The Village Centre

CERTIFICATION TYPE:
Building

YEAR

2019-20

PUBLICATION DATE:
2019-11-11

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Public Disclosure Statement

Carnegie Morgan Hill House

CERTIFICATION TYPE:
Building

YEAR

2020-21

PUBLICATION DATE:
2020-04-08

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Public Disclosure Statement

Carnegie Morgan Hill House

CERTIFICATION TYPE:
Building

YEAR

2019-20

PUBLICATION DATE:
2019-11-11

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Public Disclosure Statement

Bridge Plaza

CERTIFICATION TYPE:
Building

YEAR

2020-21

PUBLICATION DATE:
2020-04-09

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