The Board has adopted an Environmental, Social & Governance (ESG) Policy. This Policy acknowledges the potential for ESG considerations to have impacts for investments.
In 2017/18 the Board approved the exclusion of tobacco stocks from directly held share portfolios.
A new investment in 2017/18 – Lighthouse Infrastructure – involved an investment in renewable energy generation and social infrastructure assets.
The Board, assisted by the Investment Committee, will continue to monitor developments in the economy and in financial markets and remain vigilant for any impacts for the savings invested with legalsuper.
legalsuper has a socially responsible balanced investment option, which is invested in the AMP Capital Responsible Investors Leaders Fund. More information about legalsuper’s socially responsible balanced investment option is in legalsuper’s Product Disclosure Statement, and here.