Green Bond Fact Sheet
Local Government SuperDate: 27/03/2020

Issue date: 18-03-2020 Maturity date: confidential Tenor: confidentialIssuer Name

Local Government Super

Amount Issued

AUD65m/USD38m

Country of risk

Australia

CBI Database

Included

Issuer Type1

Financial Corporate

Bond TypeLoan

Green Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Certified under Climate
Bonds Standard v2.1,
including sector-specificcriteria for:

Assurance report

Pre issuance verification

DNV GL

Green bond rating

N/A☐ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ Waste to energy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☒ Certified Buildings☐ HVAC systems☐ Energy performance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewater treatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience•

Certification Verifier

Low Carbon Buildings(Commercial)

Use of Proceeds☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Land use &agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose & paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation & resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

Annual reports will be made available directly to the lender. These reports will have information
regarding the allocation of the proceeds, as well as information about the properties.
LGS is a superannuation fund in Australia. It manages the Local Government Property Fund (LGPF),
whose portfolio holds investments in office buildings in Australia.
In 2017, their property portfolio was the first in Australia to receive a 5-Star Green Star
Performance rating from the Green Building Council of Australia. In 2019, it was the first property
portfolio to achieve carbon neutral certification under the Australian government’s Climate Active
program for all of its NABERS rated buildings

Firsts, records andcertifications
Proceeds description

This is the first superannuation fund in the world to receive a Certification.
The proceeds will refinance the issuer’s investments in several office buildings, which are eligible
for Certification under the Low Carbon Buildings (Commercial) Criteria, which is relevant for thoseparticular cities in Australia.

Climate Bonds view

We welcome the use of Certification by an increasing diversity of organisations and institutions. As
much as possible of the finance community needs to be signing up to best practice in terms ofgreen debt and green investments.

Underwriters

Westpac Institutional Bank

Deal comments
Credit Rating
Pricing summary
Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign